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Whitepaper: Find Your Risk Blind Spots
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We surveyed more than 250 procurement leaders and uncovered huge blind spots when it comes to a critical element of procurement responsibilities – monitoring risk. This research also revealed that in today’s procurement landscape, many organizations are ill-prepared to mitigate emerging and evolving risks in their global supply chains. Why? Because nearly half of organizations surveyed have no structured assessment of criticality and limited visibility into their supplier performance information.
- 49% of respondents noted that their organization had no structured assessment of supplier criticality or impact
- 39% of respondents indicated that they were in the low to moderate range of automation to update critical risk information
- Only 20% of respondents said they have a structured risk mitigation plan in place.
- 47% of procurement leaders said they experienced 1-5 major supply chain disruptions this past year
AI Driven Supply Chain Risk Management Software
“riskmethods empowers leading enterprises with an award-winning Supply Chain Risk Management solution that support the complete process of identifying risk, assessing impact and mitigating risk.
Our approach combines innovative Big Data and Artificial intelligence capabilities with insightful risk intelligence to ensure that the right people have the right information at the right time.
Armed with a digitized representation of their supply network’s risk profile, our customers are able to make better decisions and achieve first-mover advantage in the face of threats.”Bill DeMartino General Manager of North America