SUPPLY CHAIN RISK MANAGER SOFTWARE
SUPPLY CHAIN RISK MANAGER CODE
SUPPLY CHAIN RISK MANAGER PASSWORD

So, how can you know whether your critical partners overseas are at risk?īelieve it or not, technology helps in this arena as well. However, risk professionals in the West can’t be expected to become experts in the complex political realities of China, India, or anywhere else for that matter. With so many businesses relying on suppliers and providers on the other side of the world, it can be easy to overlook geopolitical risks to the supply chain.

SUPPLY CHAIN RISK MANAGER CODE

All third-party code should be scanned for integrity before it’s allowed anywhere near internal systems or data. Therefore, solutions like IBM AppScan and CA Veracode are an integral part of the supply chain risk management toolbox. This is exactly the kind of threat that caused a major data breach at Ticketmaster earlier this year. Within a digital supply chain, one of the greatest risks is vulnerabilities introduced by third-party code that has been integrated within a proprietary system. These risks are quantified on a scale from 1-25 and continuously updated, giving risk professionals the power to predict in real time whether shipments along their supply chain will be delayed by bad weather. One of these environmental supply chain risk management solutions is Riskpulse, which gives businesses the ability to track the environmental risks affecting shipments. These solutions use a combination of forecasting data, real-time updates on infrastructure status, historical data, and compliance factors to deliver risk insights that would not have been possible in the past. Environmental Risk SolutionsĪrtificial intelligence and big data are now being employed to help businesses predict and respond to weather events faster than ever before. This tool can be used to identify fourth- and fifth-tier connections and single points of failure that could introduce additional risk.

SUPPLY CHAIN RISK MANAGER SOFTWARE

That’s all well and good for physical supply chains, but what about digital ones? After all, risks to technology vendors like cloud services providers and operations software companies can be just as costly as risks to physical suppliers.īitSight Discover is a tool designed to help businesses map their digital supply chains using externally available data. Solutions from IBM and Achilles both promise to leverage artificial intelligence to help businesses map their global supply chains and produce automated insights about potential risks. Technology companies have stepped in to solve this problem. These maps can get very complex very quickly, and relying on humans alone to create and maintain them can lead to missed connections. However, true visibility requires knowing who supplies the suppliers. The more detail this map includes, the more insights risk professionals can draw from it to help monitor and mitigate supply chain risk.įor most companies, mapping tier 1 suppliers is relatively easy. One of the most important components of any supply chain risk management programs is an up-to-date map of supplier relationships. Please note that while we will be discussing a few different software products in this post, BitSight does not necessarily endorse the use of these specific solutions. These companies put big data, machine learning, and artificial intelligence to work to increase visibility for risk professionals, giving them the ability to more effectively monitor, prepare for, and mitigate risks within their supply chain.ĭepending on the nature of their supply chains, professionals should consider adding at least a few of these supply chain risk management solutions to their toolbox. Thankfully, technology companies have made the process of managing risk in the supply chain easier. Supply chain risks can be difficult to detect, unpredictable, and fast-moving.

SUPPLY CHAIN RISK MANAGER PASSWORD

To be effective in this field, risk professionals must account for risks from a wide variety of sources, from bad password management to geopolitical upheaval. While all areas of risk management involve blind spots, supply chain risk management might be the murkiest.

Supply chain risk manager