Always be prepared for the next disruption.
Collaborate across your organization and with your suppliers to proactively mitigate risk with risk mitigation and workflow tools to document all actions taken as part of a risk event.
Preconfigured (and fully customizable!) risk mitigation plans are aligned with risk alerts telling you exactly what you need to do.
Financial risk, reputational risk, geopolitical risk—there’s a lot to be prepared for. Action Planner’s mitigation plans are designed to be configured for any type of risk.
Never hit the panic button during periods of heightened risk. With Action Planner, you will always know who is taking action, what action step is being taken and when it will be done.
Business continuity strategies and crisis response plans that may be sitting on your desk can now be configured and digitally mapped in one place.
Improve relationships with customers and suppliers to help improve resilience and business integrity efforts.
Benefit from purpose-built solutions with a seamless connection.
Risk Radar leverages the power of artificial intelligence to profile and monitor your supply network to reveal risk in real time. Combined with premium and internal data sources, Risk Radar helps establish a common risk scorecard framework across your enterprise for countering supply chain threats more proactively while avoiding the costs of supply chain disruption.
Effective SCRM involves monitoring millions of data sources for emerging risks. In global supply chains, the task is beyond human capacity. Risk Intelligence leverages the power of artificial intelligence to monitor data around the clock.
Whether you want to see your supply chain on the big screen or the small screen, Sphera SCRM Apps have you covered.
Impact Analyzer helps you to minimize the business impact of risk by assessing suppliers’ criticality and detecting vulnerabilities at the category level. Adding impact dimensions like revenue and spend allows you to assess the extent of damage that a potential supplier failure could have on the supply chain. This also helps you select the suppliers that are best for your business.
Risk Assessment automates supplier and third-party assessment processes, enriches evaluation of risk scores and integrates survey results into business partners’ risk profiles. Our versatile supply chain assessment tool simplifies supplier qualification and monitoring, improves data accuracy, reduces manual data collection and closes the risk feedback loop.
Compliance Incident Management (CIM) captures all relevant incident data. CIM comprehensively checks your supply chain for compliance-related violations and can be customized with company-related specifics. This enables you to monitor supply chain incidents that may violate regulatory requirements or internal sustainability goals and put you at greater financial or reputational risk.
Sub-Tier Visibility visualizes the process of monitoring and alerting n-tier supply chains within the Sphera Supply Chain Risk Management solution. With supplier-validated supply sites, you can confidently map sub-tier dependencies and more accurately expose threats in your sub-tiers before they become critical.
German Supply Chain Law Bundle provides all the components you need to meet key legal requirements of the German Supply Chain Law. Leveraging key parts of the SCRM solution, you can perform regular risk analysis in real time and document all risk alerts received, along with preventive and corrective actions required by The Federal Office for Economic Affairs and Export Control (BAFA).
Learn what Sphera’s Supply Chain Risk Management software can do for your enterprise.
Supply chain risk management may seem complex, but it can be boiled down into three steps: identify risk, assess risk and mitigate risk.
With four steps, companies can begin their supply chain risk management journey. Effectively prevent and efficiently react to risk events.
Expect the Unexpected. Make a business continuity plan to respond to disaster and recover operations quickly. Use these steps to get started.
According to boards of directors, the top priorities for increased investments include supply chain composition (52%), business continuity plans (43%) and managing and incentivizing suppliers (41%).
Two-thirds of respondents are unfamiliar with prevention analyses that can identify potential hazards. Compared to the previous year, the figure is yet again significantly higher (+42%).
The COVID-19 pandemic highlighted the damage that can result when companies are not prepared for supply bottlenecks. Yet only 25% of respondents have action plans that enable them to react quickly in an emergency.
Whilst organizations cannot control weather events, they can take necessary measures to mitigate their impact, such as determining which critical suppliers may be hit by severe weather due to their geographical location.