Risk Radar monitors risks along the entire supply chain – from subsuppliers via logistics hubs to tier one suppliers, production sites, all the way to end customers. All types of risks are taken into account: supplier risks (e.g. compliance, financial stability, quality), location risks (e.g. strikes, natural disasters), country risks (e.g. political risks, sanctions) or category specific risk (e.g. import regulations). In the case of a risk event, the early warning system sends alerts via email or as a push notification to your mobile device. In addition, risk profiles reveal latent risk situations (without occurrence) in order to enable implementation of customized risk prevention activities.
Monitoring of latent risks and an early warning system for events enable prompt implementation of appropriate preventive measures in a crisis situation. These predefined actions (via the Action Planner), together with quicker crisis response time and assessment of the criticality (via the Impact Analyzer) can save costs and time.