Risk Radar

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.

Supply Chain Visibility 

  • Visualization of supply chains on the world map in order to identify risks and subsupplier dependencies right up to the end customer
  • Display of logistics hubs
  • Animation of material flow
  • Details and color visualization of critical locations, suppliers, customers, supply chains and risk areas
  • Single-click data export in Excel, .pdf or image formats

Comprehensive Risk Scorecard

  • Risk scorecard with over 80 risk indicators for comprehensive monitoring (supplier, location, country and product category risks)
  • Coverage of all risk areas (viability, delivery, market, compliance & image, quality & performance)
  • Individual weighting of risk indicators

Risk Intelligence

  • Fully automated and pre-integrated data sources
  • riskmethods’ Risk Intelligence Service to monitor media and other websites across the internet, creating structured alerts from unstructured news
  • 100% automation
  • No manual data maintenance; immediate use and benefit from day one

Early Warning System & Noise Cancellation

  • Continuous risk monitoring in near real-time
  • Automatic notification in case of a risk event (email, mobile device)
  • Description of the risk event, as well as information about affected risk objects (suppliers, locations, customers)

Risk Trends and Risk Analyses

  • Graphical analyses of top risks, histories/trends and risk portfolios
  • Individual comparisons of suppliers, locations, countries and supply chains
  • Support for selecting optimal supply chains, suppliers and logistics hubs, and support for identifying preventive measures

Supply Chain Risk Management Step 1: Identifying Risks

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.

Read more about the step-by-step approach, and conceptual and organizational implementation of risk identification (Risk Radar)!

Download Whitepaper