Supplier Risk Intelligence
Proactively identify, monitor and mitigate third-party supplier risk to ensure business continuity and meet compliance and sustainability goals.
Mitigate risk exposure in a volatile, complex environment
For businesses with large supplier bases and complex supply chains, managing third-party supplier risk is a major challenge. Exposures range from the financial stability of individual suppliers to geopolitical and climate-related upheavals.
Many CPOs feel they’re unprepared to anticipate risks before they happen and take appropriate action. When risks do arise, it’s often too late to act proactively to avoid them.
With increasing competitive and performance pressures, procurement teams need a way to continuously monitor emerging risks, and act swiftly to eliminate or minimise their business impact.
5 steps to a world-class supplier risk management system
The Smart Cube’s Supplier Risk Intelligence solution provides intelligence across the end-to-end risk monitoring and management process, going beyond just financial risk ratings, to evaluate the operational, compliance, strategic and geographic risks associated with your suppliers.
Using our AI+HI approach, we alert you to potential supplier risks before they impact the business, while expert custom impact assessments provide recommendations for appropriate and timely action.
Using your current supplier risk management process as a start point, we’ll take you through a five-step process to deliver a solution that meets your unique needs:
Benefits for your business
Gain a holistic view
See the complete picture. Build a comprehensive risk management framework covering your entire supplier base, and the complete spectrum of risk categories including operational, compliance and strategic business risks associated with your suppliers.
Proactively mitigate risk
Act before it’s too late. Get a near real-time view of leading risk indicators across key suppliers, categories and countries. Leverage custom intelligence and alerts to act on early warnings of risks that could impact your operations.
Stay ethical and compliant
Maintain standards throughout your supply chain. Know when suppliers risk falling below the standards set by your organisation and external regulators, and take swift action.