Supply Chain Risk Assessment
Close the supply chain risk feedback loop.
Automate supplier and third-party assessment processes, enrich evaluation of risk scores and integrate survey results into business partners’ risk profiles. You’ll understand where risks exist and are always up to date, so you can avoid and mitigate risk events faster.
In a risk event, evaluate the criticality of alerts you receive by identifying potentially affected suppliers and submitting surveys to them in the field or in the office. Collecting and consolidating survey results helps you assess the impact to determine your next steps.
Be prepared for inspections. Easy-to-generate customizable surveys provide the flexibility to query all kinds of supplier risk data and compliance requirements. The structure and question format of each survey can be broadly adapted to meet the requirements of each assessment.
Supplier and vendor qualification is critical for your success and for mutual relationships with your new business partners based on specific business cases. Customizable surveys allow you to efficiently qualify your partners and make sound decisions for every situation.
Leveraging a versatile supply chain assessment tool simplifies supplier qualification and monitoring, improves data accuracy and reduces manual data collection by closing the risk feedback loop.
Enrich the evaluation of risk scores and automatically integrate third-party survey results into your business partners’ holistic risk profiles within the Sphera Supply Chain Risk Management solution.
Top challenges include the speed of the risk assessment process (43%). Top challenges include the amount of time required for the risk assessment process.
Every second company 50% of companies (an increase of 28% compared to the previous year) report up to five disruptions annually. Over a quarter of companies report more than six disruptions per year.
A global electronics manufacturer achieved a 40% reduction in high-risk spending by performing a risk assessment of its global manufacturing and supplier network.
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.