Supply Chain Risk Radar explained in video
Wouldn’t it be awesome to have all your potential supply chain risk displayed on a world map? In near real-time? From your suppliers through to your end customers? We have a video for you to show you how this works – the riskmethods Risk Radar:
If you don’t have time to watch the video, here is what the supply chain risk radar it is all about in a quick wrap-up:
Risk Radar monitors risks along the entire supply chain – from n-tier suppliers 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)
- 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.
Get a detailed overview of the riskmethods Risk Radar here.
Pretty cool, isn’t it? Get in contact with us any time and we will point you in the right direction if you want to learn more about monitoring supply chain risks.