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.
