Partnership will support businesses in bolstering procurement transparency while increasing resilience
AMSTERDAM AND CHICAGO (November 9, 2023) – Sphera®, a leading global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services, and Sourcing Champions, a prominent player in procurement consulting, are pleased to announce a partnership to empower procurement leadership to leverage risk as a competitive advantage by addressing critical supply chain vulnerabilities holistically.
The synergy between Sourcing Champions and Sphera is a product of Sourcing Champions’ strength in supply chain risk management (SCRM) strategy and execution, complemented by Sphera’s cutting-edge AI-powered SCRM solution. Together, they are dedicated to achieving full SCRM process adoption within procurement organizations. Drawing upon a proven track record of successful procurement strategy and procure-tech implementation projects for multinational enterprises, Sourcing Champions contributes extensive experience and steadfast dedication to the partnership.
Jointly, Sphera and Sourcing Champions bolster procurement transparency, setting the stage for comprehensive risk management and superior business outcomes. By prioritizing value protection through timely risk identification and mitigation strategies and fostering data-driven, strategic decision-making, the outcome is increased business resilience and agility.
“We are proud to partner with Souring Champions to support procurement professionals in taking a proactive approach to supply chain risk,” said Paul Marushka, Sphera’s CEO and president. “Increased demand for supply chain transparency on ESG criteria means that sustainability and ESG are now intertwined with SCRM. Finding ways to become more risk aware, react faster and manage emerging disruptions and compliance requirements is critical to business continuity. Sphera SCRM helps companies to operate more nimbly and manage all kinds of risk across their supply networks. Empowering businesses to proactively monitor, identify, assess and mitigate risk is crucial to our mission of creating a safer, more sustainable and productive world.”
About Sphera Supply Chain Risk Management (SCRM) Software
Sphera SCRM leverages various aspects of AI—natural language processing, supervised machine learning and vectorization—for managing data as part of real-time risk monitoring, which empowers companies to react faster and proactively manage all kinds of risk across their supply networks. Through the power of AI and cloud-based collaborative networks, Sphera SCRM dives into a company’s supplier relationships, including their sub-tiers, to illuminate their business practices and uncover any associated risks. This improved risk profile helps companies gain competitive advantage with a well-managed approach to ensure business continuity, protect their reputation and reduce the costs related to supply chain risk.
- Monitor supply networks in real time.
- Minimize the business impact of supply chain risk.
- Collaborate to create a resilient enterprise.
- Automate third-party assessment process.
- Expose threats in N-tier supply chains.
About Sourcing Champions
Sourcing Champions is a boutique procurement consulting firm headquartered in Amsterdam, dedicated to elevating Sourcing & Procurement into a real competitive advantage. With a deep-rooted procurement DNA and a multilingual international team, they offer end-to-end expertise in procurement strategy, sourcing & cost reduction, risk & sustainability, and procurement transformation. Sourcing Champions combines procurement passion, strong change management and PMO, with cutting-edge digital technology to drive value and results for their clients, forming enduring partnerships that go beyond the ordinary to unlock innovative growth opportunities. Learn more about Sourcing Champions at www.sourcingchampions.com/. Follow Sourcing Champions on LinkedIn.
Sphera is the leading provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management (ORM), Product Stewardship and Supply Chain Risk Management (SCRM). For more than 30 years, we have served over 7,000 customers and a million-plus users in 80 countries to help companies keep their people safe, their products sustainable and their operations productive. Learn more about Sphera at www.sphera.com. Follow Sphera on LinkedIn.
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