To gather, document, and visualize information about suppliers and supply paths, two approaches are primarily used. Synthetic supply chain mapping (automated), and collaborative supply chain mapping, which builds on existing relationships with direct suppliers (tier 1). This whitepaper presents an overview of the two approaches:
- Challenges to supply chain mapping.
- Synthetic vs collaborative approaches (pros and cons).
- How to incentivize suppliers to collaborate.
- Benefits of collaborative supply chain mapping.
A collaborative approach to supply chain risk management provides firsthand information and improves relationships. Sphera Supply Risk Network [formerly riskmethods] is a trusted hub for enterprises and their supply network partners to collaboratively manage supply chain risk and achieve actionable sub-tier visibility.