What Is Supplier Risk Management Software?
Supplier risk management software helps food and beverage companies monitor, assess, and mitigate risks associated with their suppliers to ensure product safety, compliance, and continuity of supply chain operations.
Why Use Supplier Risk Management Software for the Food and Beverage Industry?
When you use a software solution with built-in supplier risk management tools, you’ll notice the benefits.
Supplier risk management software improves risk visibility and helps you develop a proactive approach to preventing issues before they occur.
The software can have compliance features like an audit trail, document management, reporting, checklists, etc., which ensure product safety and regulatory compliance.
Cloud supplier risk management solutions help communicate faster, access documents in real time, and get the most recent data. This helps minimize supply chain disruptions and strengthen supplier relationships.
Top 5 Supplier Risk Management Software in 2025
Check out our list of user-friendly supplier risk management software options.
1. FoodReady AI
Pricing: Contact FoodReady for more information
Platforms supported: Web, iOS, and Android
Why use FoodReady AI?
FoodReady cloud supplier risk management software offers tools for efficient supplier risk management. For example, comprehensive supplier dasboards, checklists, reports, supplier approval and automated document requests, etc.
The software is hosted on cloud so the data there is always accessible, hosted security, and always up-to-date. That’s the way you ensure real-time collaboration and visibility.
The platfrom stores all the supplier documents, monitors supplier performance, and integrates CAPA tools. It lets you conduct a thourough risk assessment and prevent potential issues.
FoodReady AI Features:
- Supplier Approval – ensure all suppliers meet the necessary food safety standards before approval.
- Supplier Monitoring – monitor suppliers to ensure they continue to meet food safety standards.
- Risk Assessment – assess the risk associated with each supplier, considering factors such as their location, previous food safety record, and the type of product they supply.
- Documentation – manage all the necessary documentation associated with supplier risk management, such as supplier audits, risk assessments, and approval documents.
- Traceability – trace products back to their original supplier, which is crucial in a food safety incident.
- Automated Document Request Program– ensure timely automated requests for annual reviews and expiring documents.
2. Zycus solution
Pricing: Contact Zycus solution to get a quote
Platforms supported: Web
Why use Zycus solution?
Zycus solution for Supplier risk management helps protect brands and optimize supply chains amid an ever-changing business landscape.
Zycus solution Features:
- Comprehensive Risk Profiling
- Real-Time Risk Alerts
- Supplier Analysis & Segmentation
3. Ivalua
Pricing: Contact Ivalua to get a quote
Platforms supported: Web
Why use Ivalua?
Ivalua empowers you with the right insights and an integrated, actionable view of supply chain risk.
Ivalua Features:
- 360 views of supplier information and activity
- Internal supplier risk assessments and action plans
- Aggregated External risk data from 3rd parties
4. MasterControl
Pricing: Contact MasterControl to get a quote
Platforms supported: Web, iOS, and Android
Why use MasterControl?
MasterControl Software is the risk management software that can manage risk throughout the lifecycle of a supplier and the sourcing process.
MasterControl Features:
- Integrated System
- Standardized Risk Analysis Process
- Connected Processes from different locations
5. ORSOFT
Pricing: Contact ORSOFT to get a quote
Platforms supported: Web, iOS, and Android
Why use ORSOFT?
The ORSOFT supplier risk management tool analyses complex SAP ERP data sets.
ORSOFT Features:
- Transparent customer communication
- Planning suppliers
- Integrated monitoring
Frequently Asked Questions:
Supplier Risk Management Software helps in identifying potential risks in the supply chain, enables proactive risk mitigation, ensures compliance with industry regulations, enhances product quality and safety, and minimizes disruptions to the supply chain.
Supplier Risk Management Software enables companies to identify potential disruptions early, take proactive measures to address them and maintain continuity in the supply chain.
Many Supplier Risk Management Software solutions can be customized to address the unique requirements of the food and beverage industry, such as specific risk factors, regulatory compliance standards, reporting formats, and integration with existing systems. However, FoodReady has been created specifically for food and beverage companies.
Supplier Risk Management Software is designed to be user-friendly, with intuitive interfaces, easy-to-use dashboards, customizable reporting features, and automated alerts to simplify risk assessment, monitoring, and mitigation processes for food and beverage companies.
Software providers usually offer training sessions, user guides, technical support, and customer service to help food and beverage companies implement and utilize Supplier Risk Management Software for optimal risk management and supply chain performance.
