Understanding risk management in the supply chain

A business is only as strong as the chain of suppliers it works with. So leaders must recognize and work to understand the factors that promote strong risk management in the supply chain. Ensuring that your goods arrive on time is only a piece of the whole. Managing vendor relationships, building strong payment protocols and knowing the geographic challenges associated with growth can help keep risks under control. See our five steps to supply chain risk management—to help you gain competitive advantage, protect your brand, and drive growth.

Digital supply networks strengthen procurement strategy

Procurement has grown significantly more strategic over the past twenty years—now, digital supply chain management and analytics are bringing new strength to that strategic role.Supply chains are traditionally linear, but today supply chains are transforming into dynamic, interconnected systems. These digital supply networks integrate information from many different sources to drive production and distribution, potentially altering manufacturing’s competitive landscape.

Supply Chain Solutions

Specture Labs’ analytics solutions are designed to help supply chain leaders put their data to work solving challenges in targeted areas such as commodity volatility, demand forecasting, and supplier-specific issues. Here are just a few of the supply chain solutions we have to offer. Organizations are achieving operational performance breakthroughs as digital supply networks enable supply network visibility—and unprecedented insights.

Inventory Demand Management

Powerful inventory analytics designed to give rapid insight into exactly what inventory you need, why you need it, and how to make improvements. Utilizing advanced predictive analytics capabilities to predict and shorten lead times and reduce inventory.

Global Sourcing

Helps identify the optimal manufacturing/supplier footprint, accounting for global, macroeconomic cost drivers, and qualitative influencers.

Warranty Claims Analytics

Accelerates warranty claims management process and uses predictive analytics to identify patterns which isolate anomalies in claims and uses those patterns to create rules which can be applied when assessing legitimacy of future claims.

Reliability Centered Maintenance Solution: Assists companies in maintaining and deploying assets and people efficiently to lower cost and improve ability to meet customer demand.

Capabilities

• Demand Forecasting
• Sales and Shipments Forecasting
• Inventory Management
• Geo-spatial Analysis
• Network Planning
• Fleet and Logistics