riskmethods’ Risk Intelligence solution delivers the insights needed to profile, monitor and reduce the risk in your supply chain. Through the integration of best-in-class third-party content and active monitoring of the cloud, the risk profile of each object in your supply chain is kept current and all threats are identified enabling faster crisis response and proactive risk mitigation.
But what makes it different and better? The answer lies in our broad coverage and our high-degree of relevance – We cover all types of risk and we believe less is more! With riskmethods you only receive alerts that are impacting your supply chain!
There is a large and ever-growing amount of data, noise and filtering through it to uncover the few relevant insights is a herculean task. There are over a billion sources of content in the cloud, and with a comprehensive view of risk requiring 50 to 100 risk indicators per supplier (not to mention their supply chains), the enormity of the problem begins to take shape. One of our customers tells the story of a 20-person team working for 6 months to create a one-time snapshot of their tier-1 supplier risk exposure. Yes, it’s hard work.
The keys to delivering the highest standard in risk information are
Too much information, even pertinent information, derails any risk management initiative, making noise cancellation a critical ingredient of a successful risk management program.
To provide you with truly holistic and comprehensive supply chain intelligence, we’ve formed partnerships with leading providers of global risk information. We’ve done all the hard work to determine the best sources, how to interpret them and how to integrate into a broader risk framework. Pre-integrated data sources from reinsurance companies, credit rating agencies, sanction check, geopolitical data and sustainability ratings providers are available out of the box. And because we are leveraging this information across our customer-base, this content is more affordable than consuming each piece via individual relationships with the content providers.
The final piece to this “intelligence” puzzle is your insights. The addition of your internal risk knowledge and perspective ensures a comprehensive view of risk that aligns with the nuances of your supply chain and business.
As a result, you are equipped with an up-to-date risk profile that enables you to both pre-empt and reduce risk as well as to have first-responder status for crisis detection to minimize the impact of unpredictable events.
Ralph Carlton, Director Global Sourcing, Moen
“ No matter how full my inbox is, if I receive a riskmethods Email Alert I must review it immediately! “
Having an indication of a possible disruption can make the difference. There are “early warning signals” that something may be amiss before there is an actual risk event. These signals can manifest into larger problems allowing you to proactively address a crisis situation before it even unfolds, putting your organization in the position to capitalize on a risk event and turn it into a competitive advantage.
We live in an information era with billions of data points being produced every day. The challenge is to filter out “the noise” and find the relevant information at the right time. At riskmethods we focus on saving your valuable time and providing you only with the information you must know – fully automated, customized, intelligence. This information comes in 1 alert directly to your mobile device eliminating the need for further web research.
riskmethods’ Risk Intelligence enables you to react quicker than anyone else in the market. If an unforeseen event such as an earthquake hits, only the responsible individuals in your organization will be alerted and informed which of your suppliers, sub-suppliers, production sites, etc. are affected. This time advantage gives you the opportunity to become a hero by protecting your company revenue and reputation.
Kelly Barner from Buyers Meeting Point interviews Kasia Katrycz, Director of Risk Intelligence about her role at riskmethods.
Hear about how Risk Intelligence works and get more information about: