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How it works
- Continuous monitoring: Real-time surveillance of supplier performance, financial health, and operational status
- Risk scoring: AI-powered assessment of supplier risks across multiple dimensions (financial, operational, geopolitical)
- Automated alerts: Instant notifications when supplier risk levels exceed predefined thresholds
- Contingency activation: Automatic triggering of backup suppliers and alternative sourcing plans
Set up steps
- Supplier database: Connect your ERP/procurement system with complete supplier information
- Financial data sources: Integrate with credit monitoring services (Dun & Bradstreet, Experian)
- News monitoring: Configure news APIs for real-time supplier-related news tracking
- Performance metrics: Set up KPIs tracking (delivery times, quality scores, compliance)
- Alert systems: Configure Slack, Teams, or email notifications for risk alerts
- Backup protocols: Define alternative supplier activation procedures
Key Features
- 🔍 360° supplier visibility: Complete view of supplier ecosystem health and performance
- ⚡ Real-time risk detection: Immediate identification of potential supply chain disruptions
- 📊 Predictive analytics: Forecasting potential supplier issues before they impact operations
- 🚨 Automated escalation: Risk-based alert system with appropriate stakeholder notifications
- 📈 Performance benchmarking: Continuous comparison against industry standards and peers
- 🔄 Contingency management: Automated backup supplier activation and procurement rerouting
- 🌍 Geopolitical monitoring: Tracking of regulatory changes and political risks by region
- 💰 Cost impact analysis: Financial impact assessment of supplier disruptions
Risk categories monitored
- Financial stability: Credit scores, payment delays, bankruptcy indicators
- Operational performance: Delivery reliability, quality metrics, capacity utilization
- Compliance status: Regulatory adherence, certifications, audit results
- Geopolitical risks: Political instability, trade restrictions, regulatory changes
- Environmental factors: Natural disasters, climate risks, sustainability metrics
- Cyber security: Security breaches, data protection compliance
Automated responses
- Low risk (0-30): Routine monitoring and performance tracking
- Medium risk (31-60): Enhanced monitoring with supplier engagement
- High risk (61-80): Immediate supplier contact and mitigation planning
- Critical risk (81-100): Emergency protocols and backup supplier activation
Integration capabilities
- ERP systems: SAP, Oracle, Microsoft Dynamics for procurement data
- Risk platforms: Resilinc, Riskmethods, Prewave for specialized risk intelligence
- Financial services: Credit monitoring and financial health assessment
- News APIs: Real-time news monitoring and sentiment analysis
- Communication tools: Slack, Teams, email for stakeholder notifications
This workflow provides comprehensive supply chain visibility and proactive risk management, enabling companies to maintain operational continuity while minimizing disruption costs.