Supplier Risk Management Software is a platform designed to help businesses identify, assess, and mitigate risks associated with their suppliers. The software allows organizations to develop risk profiles for each individual supplier to determine the level of risk posed to the business. These profiles can be used to establish mitigation strategies such as implementing process improvements, reviewing contractual terms, or changing supplier relationships. Additionally, the software can be used to monitor suppliers’ performance over time and make adjustments if necessary. By taking a proactive approach to supplier risk management, organizations can reduce their exposure and increase the overall stability of their supply chains.