Supply Chain Risk Management
[formerly riskmethods]
Proactively monitor, identify, assess and mitigate supply chain risk.
Supply Chain Risk Management Efforts
Keep Critical Supply Chain and Business Operations Running
Finding ways to become more risk aware, react faster and manage against emerging disruptions and compliance requirements is critical to business continuity. Sphera Supply Chain Risk Management (SCRM) is your AI-powered solution for improving preparedness and establishing a single source of truth for handling risk across your entire organization.
Identify and Manage Supply Chain Risks in Real Time and at Scale
By significantly improving an organization’s risk posture, our software safeguards business continuity and promotes collaboration for building resilient supply chains.
Risk Radar
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.
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 Law
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).
Why Companies Value Sphera SCRM
Find out how Sphera Supply Chain Risk Management software enables a proactive approach to supply chain risk.
- Monitor Supply Networks in Real Time
- Minimize Impacts of Supply Chain Risk
- Collaborate to Create a Resilient Enterprise
- Automate Third-Party Assessments
- Expose Threats in N-tier Supply Chains
Monitor Supply Networks in Real Time
Protect your business by quickly detecting risk. Profile and monitor your supply network to reveal risk in real time.
Minimize the Business Impact of Supply Chain Risk
Prevent risk from costing you by mapping disruptions to suppliers concentrated in regions impacted by geopolitical crisis or natural disasters.
Collaborate to Create a Resilient Enterprise
Save valuable time by making the right decisions by collaborating both across your organization and with your suppliers to proactively mitigate risk.
Automate Third-Party Assessment Process
Risk can be best managed by what you see. But for certain areas of your risk exposure, your third parties are the only ones who can provide the answers.
Expose Threats in N-Tier Supply Chains
Work with tier-1 suppliers to visually map dependencies and expose threats in your sub-tiers before they become critical.
Sphera’s Solutions Are Trusted by Thousands of Companies
Large and small businesses trust SpheraCloud to optimize their Supply Chain Risk Management.
Project & Systems Manager, Global Purchasing & Materials, AGCO
“We were able to seamlessly integrate Sphera Supply Chain Risk Management [formerly riskmethods] into our SRM system. Now all of our data is right where we need it.”
Global Risk Manager in Procurement, Clariant
“Sphera Supply Chain Risk Management [formerly riskmethods] gives us a competitive advantage because we can convincingly demonstrate to customers that we have risk under control and operate within a sustainable supply network.”
Global Risk Manager in Procurement, Clariant
“With Sphera Supply Chain Risk Management [formerly riskmethods], we were able to improve our category strategies by revealing hidden supply network risk such as single-source situations.”
Senior Manager Purchasing Analytics, Dana
“At Dana, we decided that we didn’t want any more surprises. By using Sphera Supply Chain Risk Management [formerly riskmethods] to take proactive, instead of a reactive, approach to supply chain risk management, we knew we’d be able to save money and react more quickly when crises did occur.”
Senior Manager Purchasing Analytics, Dana
“We use Sphera Supply Chain Risk Management [formerly riskmethods] to get information we wouldn’t be able to get otherwise – particularly with respect to geopolitical events and management shifts that might affect our suppliers. Thanks to Sphera alerts, we’re able to get the full picture of supply chain risk.”
Senior Vice President of Global Sourcing, Douglas Dynamics
“Sphera Supply Chain Risk Management [formerly riskmethods] is a key element of our supply chain risk management, and it has enabled us to deliver impressive results overall. We’ve shortened lead times by 64%, improved production quality by 27% and increased savings by 53%.”
Global Operations Risk & BCP Manager, Taste & Wellbeing, Givaudan
“Thanks to the updates from Sphera SCRM Risk Intelligence [formerly riskmethods], we are able to quickly develop a deep understanding of the impact on our supply chain from vendors to customers. This enables us to fine tune our contingency planning and mitigate supply chain impacts. For example, we can identify alternatives to suppliers in Ukraine or Russia before supply bottlenecks occur.”
Executive Vice President, Chief Purchasing Officer at Joyson Safety Systems
“Manage before damage: With Sphera Supply Chain Risk Management [formerly riskmethods], we can mitigate supply chain risk and minimize the cost impact for our customers.”
Department Manager Supply Management Category, Lindner AG
“Thanks to Sphera [formerly riskmethods], we were able to collect material worth $70,000 from a bankrupt supplier before the material was confiscated.”
Global Systems Process and Compliance Manager, Nufarm
“Sphera [formerly riskmethods] has a great customer success team personally supporting our users in getting the most out of Sphera Supply Chain Risk Management.”
Central Purchasing Stockmeier Group, Product Manager Organics, Stockmeier Chemie
“During our ISO9001:2015 re-certification, Sphera Supply Chain Risk Management [formerly riskmethods] helped us definitively demonstrate how professional and sustainable our risk management is.”
Resilience & Market Intelligence for ID Procurement, Unilever
“Based on my personal experience, Sphera Supply Chain Risk Management [formerly riskmethods] is a game changer in supply chain risk management. Alerts come in near real time in the form of notifications. It is very easy to view risks and access supplier scorecards. I definitely recommend it to an organization!”
Arnold Chatelain, Transformation Program Director at Signify
“The activation of Sphera Supply Chain Risk Management [formerly riskmethods] was really quick – it only took 3 months to get the system up and running, including the integration into our source-to-pay platform.”
Learn More About SCRM
4.2%
On Avg. SC disruptions cause 4.2% EBITDA loss per year.
79%
79% report 4% or more of revenue was lost to supply chain disruptions over the past 3 years1.
15%
Only 15% have visibility into tier-2 and beyond1.
35%
35% of respondents have 1 to 4 days typical response time to a risk event1.
Are You Ready to Manage Risk?
Learn what Sphera’s Supply Chain Risk Management software can do for your enterprise.