Understand the impact of your business partners on your operations.
Minimize the business impact of risk by assessing suppliers’ criticality and detecting vulnerabilities at the category level. Adding impact dimensions allows businesses to assess the extent of damage that a potential supplier failure could have on the supply chain.
Understand the impact of risk through interactive heat maps and risk scores that demonstrate criticality of the business at risk, based on supplier scorecard profiles and impact scores.
Impact Analyzer highlights the gaps in your supply base, so you can prevent disruption before it happens.
Analyze factors such as price volatility and category capacity by supplier or market for creating strategies to identify and source alternative supply, especially within single and sole-sourced supply chains.
Every company and every category is different. Assess supplier criticality based on your specific business—so you can select the right suppliers and make other moves that are best for your business.
Benefit from purpose-built solutions with a seamless connection.
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.
Action Planner helps you collaborate across your organization and with your suppliers to orchestrate the tasks needed to both proactively and reactively mitigate risk. Use pre-built and customizable action plans, so you can quickly take action before incidents become critical.
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.
Supply chain risk management may seem complex, but it can be boiled down into three steps: identify, assess and mitigate risk.
Supply chains have been hit hard by severe risk events in recent years. Companies now need guidance to exit crisis mode.
Develop preventative and reactive action plans for reducing the likelihood of risk events. Mitigate damage to your supply chains.
A global electronics manufacturer achieved a 40% reduction in high-risk spending by performing a risk assessment of its global manufacturing and supplier network.
We were able to calculate a 100-125% increase in overall flood risk until 2086 for areas affected by the 2021 German flood. Different flood models were combined with climate change scenarios (assuming an intermediate greenhouse gas emission scenario) to calculate this increase.
Companies that are actively investing in digital operations and striving to be digital champions expect revenue growth of 25% by 2023 and a 21% gain in efficiency. This compares to 9% and 7% for companies that are investing in a limited way.
92% of organizations are highly dependent on suppliers, but face challenges in assessing compliance.
Learn what Sphera’s Supply Chain Risk Management software can do for your enterprise.