Our D-Risk tool consolidates multiple risk-types (operational, cost, stability, industry, reputation risks, external, internal) crowding the supplier organization and presents them in a single view.
D-Risk drills down through the supplier’s financial data to check out how they manage revenue and cash flows during times of economic growth as well as upturns.
With D-Risk, procurement professionals can set up alerts and receive risk scores (high, medium, low) for their top suppliers - on the go.
Emergency and Rescue
Energy and Fuels
The linear approach to supplier risk handling is old hat
Since there are several risk-types at work in the supplier ecosystem, a multi-dimensional approach to risk mitigation is long overdue.
Take a “single view of enterprise risk” and impactful decisions will follow
Our risk monitoring model pivots around helping the client decode their supplier’s overall risk profile at a given moment of time. In so doing, our AI-powered D-Risk module departs from traditional risk monitoring to deliver a multidimensional view of supplier risks, covering operational, cost, stability, industry, and reputational risks.
A fiscally unstable supplier is a timed device waiting to go off
A one-time credit check is no guarantee that your supplier is financially strong, and unstable vendors might have a knock-on effect on buyers too.
There are foolproof ways to weed out financially weak-kneed vendors
It is more prudent to filter out vendors whose fiscal health is under a cloud earlier on than onboard them and deal with associated risks. D-Risk’s stability score is a handy metric to help you create a preferred list of vendors with consistently higher stability risk scores, versus their peers.
Reputations are easy to lose though hard to build
A single misstep or a controversial supplier or supply decision can cost any business dearly in terms of reputational damage.
Comprehensive reputational risk monitoring is all-important
Many transnational corporations have discovered the monetary cost of reputational risks the hard way. The D-Risk platform is helping businesses avoid the pain of learning by risking their brand reputation. The tool works out supplier risk scores using employee and customer ratings as inputs.
The thought of potential supplier failure can leave procurement professionals sleepless. Now, an AI-based risk management tool is taking the pain out of supplier management.Talk to Our Experts to see the spendedge blogs
Challenge: Faced with intense competition and the need to improve profit margins, our client turned to SpendEdge for assistance in overcoming their business challenges. One of the main strategies involved migrating cost-intensive operations to low-cost destinations.
Solution: Our team at SpendEdge assisted the client in streamlining their contract manufacturer selection process. Leveraging our expertise and market research methodology, we identified key contract manufacturers for the client’s ready-to-eat product line.
Result: The client successfully addressed their business challenges and achieved improved profit margins and reduced operating costs. All the while, also enhancing product quality and expanding manufacturing capabilities.Read More to see the spendedge blogs
SpendEdge portal gives us ready access to info on 50+ categories. And with the “Analyst Support” feature, our team is able to get all of its queries answered almost instantly by SpendEdge’s panel of top-notch procurement experts. It’s really a time-saving tool!
Branded packaged foods business- Senior Vice President (Global Supply Chain)
Thanks to the SpendEdge tool, our teams can directly access news articles focused on the procurement landscape. These cover a lot of ground, providing snapshots of industry, suppliers, and procurement tech. Previously, our category managers had to wade through a huge amount of information to get these news updates. So, SpendEdge is saving us a lot of time. That’s really something!
Well-known ICT firm- Director of Global Procurement
SpendEdge’s pricing insights section is something our team loves the most. Understanding pricing models, price points, and negotiation levers is a bit tricky. All these are covered in the SpendEdge reports, and that helps us gain quick insights.
A leader in chemicals- Director of Indirect Categories Procurement