Data collection: Proprietary frameworks, methodologies, models, and solutions that draw from internal and external data sources.Conceptual architecture: Bespoke architecture using technology components based on your unique business requirements and technology strategy.Ecosystem accelerators: We bring numerous assets and accelerators to enhance and expedite the collection, integration, harmonization, and analysis of data from both internal and external sources, including millions of supplier records, thousands of third-party data sources, and data management and system integration alliances.With this foresight, organizations can proactively respond to emerging threats in an effective, cost-friendly manner. Trustworthy data can help provide better supply chain visibility and help leaders identify risk exposure. The key to gaining a more comprehensive view of supplier risks relies on interconnected digital tools, physical infrastructure, and corresponding data streams. Is the enterprise diversified enough to withstand shocks to the supply network?.Where are the critical nodes and commodities?.They often struggle to answer questions such as these: Many organizations desire multitier supply chain visibility, but face challenges in achieving true transparency into their immediate first-tier suppliers. 15% had visibility to tier 2 and beyond.26% were able to confidently predict risks within that direct supplier base.52% said they are not using supplier risk management tools for supplier collaboration.70% of CPOs said they have good visibility into their direct supplier base.On top of that, the reported supply chain challenges from 2020 were substantial: In our 2021 Chief Procurement Officer (CPO) Survey, enhancing risk management was only the sixth highest priority for responding CPOs-a measure that’s barely changed since 2019. To maximize gains, they must build connected, digital supply networks that can evolve alongside shifting business priorities.īut many organizations have a long way to go when it comes to proactively managing supplier risk. To minimize losses, supply chain leaders must take steps to build capabilities that can help their organizations anticipate, sense, and respond to unexpected changes. Between global public health crises, economic uncertainty, geopolitical conflicts, and natural disasters, supply chain disruptions have a real impact on the bottom line. Driving supply assurance in a risky worldįor procurement leaders, the pursuit of cost savings is often thwarted by supplier risks that can proliferate along the way.
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