Risk Radar
Protect your supply network by actively monitoring and visualizing threats and dependencies.
Be More Risk-Aware, Counter Threats More Proactively
With Risk Radar, you can map your entire supply network on a digital world map while creating a common language for risk across hundreds of data sources and thousands of monitored news sites. This gives you visibility into threats and enables you to proactively protect your entire supply chain.
Protect Against All Kinds of Risk
Supply chain risk management is about the whole spectrum of risk. Public and premium data sources assess financial risk, natural hazard risk, reputational risk, geopolitical risk, man-made risk and cyber risk.
Strengthen Your Supply Network Health
From supply chain risks emerging from your facilities down to sub-tier suppliers, check the health of your supply network via an interactive world map. Reveal supply chain dependencies and risky situations and take actions to prevent risk from costing you.
Promote Better Decision-Making and Improve Your Risk Awareness
Artificial intelligence and machine learning monitor your supply chain risk in real time, so you can accurately understand your risk exposure and make the right decisions.
Save Time on Remediation Efforts
Instantly understand the impact of risk events by quickly viewing your affected n-tier suppliers, locations and customers. You’ll have the details you need to take fast action.
Establish a “Single Source of Risk Truth”
The Risk Radar Scorecard displays a common value and scoring approach for assessing all kinds of risk news and alerts, including risk indicators for your supply chain around business viability, delivery, cost, image and compliance, and quality and performance.
Use Analytics to Be More Efficient And Informed
Focus on what you need to know by filtering supply chain events within your supply chain risk dashboard. Using a modern, self-service-driven dashboard, easily analyze supply chain events by risk types, categories, products or action plans within your area of responsibility.
Explore Other SCRM Capabilities
Benefit from purpose-built solutions with a seamless connection.
Risk Intelligence
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.
Mobile & TV Apps
Whether you want to see your supply chain on the big screen or the small screen, Sphera SCRM Apps have you covered.
Impact Analyzer
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.
Action Planner
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
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
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
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 Bundle
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 More About Risk Radar
39% report it takes five to 24 hours per month to acquire and analyze supply chain risk from data gathered.
Despite global geopolitical trends and a fair amount of concern among respondents, countries’ political situations (23%), corruption or bribery (24%) currently stand as the least-tracked types of risk data.
Tier 1, direct suppliers represented the most predominant source of disruption over the last 12 months (59%).
Logistics hubs, such as ports, airports and warehouses, come in as a close second, cited by 52% of respondents.
Are You Ready to Monitor Risk?
Learn what Sphera’s Supply Chain Risk Management software can do for your enterprise.