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.
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 clients 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 fiscally 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.
Data is everywhere, but just where is relevant and actionable data? With SpendEdge Insights, you have instant access to 800+ categories and subcategories, so you can unlock deep intelligence about your products and your competitors’.
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Supplier data points are all over the Internet, leaving users confused. With BizVibe, your business can enjoy instant access to millions of relevant supplier profiles and shortlist the best ones.
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In the face of price volatilities, making data-driven decisions is turning problematic. COMET, our commodity price tracking tool, comes to the rescue by alerting you to commodity price changes as they happen.
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Making procurement decisions without factoring in events from across industries is a recipe for disaster. Enter Mega Trends, a tool that keeps you posted on key trends from multiple industries.
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To derive any real value from “country market” sourcing, you need to understand these destinations in-depth. Our granular insights will help you to tap into various country markets profitably.
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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.
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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.
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