Analytics & Spend Visibility Compass
Spend Visibility and Beyond – Analytics Broader Role in Procurement and Supply Chain
The Intersection of Analytics and Supply Chain Risk Management — Using Intelligence to Drive Early Intervention
Jason Busch, Executive Editor, Spend Matters
In the past decade, procurement and finance executives have become generally aware of the potential impact of supplier insolvencies, supply disruptions, commodity pricing volatility and the impact that these — not to mention a range of other dangers lurking within their supply chain (e.g., supplier CSR violations or non-compliance) — can have on their business. Yet few organizations have begun to make a dedicated effort to target supply risk at the executive level in a concentrated way by building comprehensive supply risk intelligence into their supplier management and supply chain planning efforts. Even fewer that have started down this path have put analytics at the front and center of their strategy to model and predict risk within their comprehensive supply chain.
Spend Matters Research suggests that simply having access to supply risk information does little to guarantee that an organization will avoid catastrophes in their supply chain. What is needed is a means to not only gain visibility into the right types of information to avoid risk elements from becoming a disruptive reality, but also to analyze and present this information in a way that enables organizations to take decisive action. Download the first paper in Spend Matters Compass Series II to learn ways in which you can leverage supplier intelligence and analytics to drive early intervention in potentially high-risk situations.
Solution categories mentioned: spend visibility (spend analysis), supplier information management (SPM), supplier information management (SIM), supply risk management
Vendor coverage: AECSoft, Aravo, Ariba, BravoSolution, Biznet Solutions, Cortera, CVM Solutions, D&B, Emptoris, Endeca, Global eProcure, Hiperos, Iasta, Ketera, LexisNexis, Open Text, Oracle, Panjiva, RapidRatings, Rosslyn Analytics, SAP, SAS, Spend Radar, SupplierForce, SupplierSoft, Xcitec and Zycus.