Craft Supplier Risk Management provides comprehensive 360-degree supplier visibility, hyper-relevant risk signals, and the industry’s most user-friendly collaboration workspace. Craft makes it easy for organizations to stay in compliance while minimizing supply chain disruptions. Procurement and supply chain professionals are often under-resourced yet responsible for mitigating risk across hundreds, if not thousands, of suppliers. The task of staying on top of supply chain risks in a dynamic environment becomes exponentially more difficult due to the many disparate, siloed tools used to assess suppliers across numerous risk categories. These solutions often overwhelm users with an abundance of alerts, making it challenging to proactively mitigate risks and identify potential disruptions before they happen.

Features

• 360 Supplier Visibility Powered by the World’s Most Comprehensive Data Fabric
  • Verified data ensures quality and consistency.
  • Risk Scores provide quick views and drill down.
  • Get a complete picture of supplier health with over 500 data points across crucial risk categories: Cybersecurity, Environmental and Social Governance, Financial, Geopolitical, Regulatory & Compliance.
• AI-Driven Intelligence and Alerts
  • Use AI-driven intelligence to continuously monitor risks, understand impact, and proactively mitigate disruption in your supply chain.
  • Highly-configurable, user-friendly platform.
  • 40+ risk alert types.
  • Signaling and event tracking with AI-driven alerts.
  • Automated risk checks.
• Collaboration and Compliance Tracking
  • Built-in collaboration tools and compliance tracking.
  • Centralize action plans with collaborative case management.
  • Automatically track and document compliance efforts.
  • Increase visibility across departments with notes and tagging.
• Optimized Event Monitoring and Alerts
  • Over 40+ configurable insight categories so you can prioritize what is most important to your business.
  • Categories include: Geopolitical (government measures, legal issues), Cybersecurity (vulnerabilities, data breaches), Foreign Influence (people, ownership, locations), Financial (people, ownership, locations), Compliance (sanctions, PEPs, forced labor), ESG (sustainability, emissions, modern slavery), Acts of God (natural disasters, weather, epidemics), Operating and Commodity (legal issues, workforce issues, commodities), News and Media (reputational).
• Comprehensive Data Fabric
  • Craft’s rich data fabric delivers unmatched data breadth and depth by integrating supplier information sourced from leading industry data partners, proprietary machine learning, and your company’s operational data.
  • Unlike self-reported data from supplier surveys, Craft’s data undergoes a meticulous validation process ensuring accuracy and reliability.
  • 1,300+ data streams covering all major risk categories.
  • Third-party data verification for quality and consistency.
  • Best-in-class specialty data provider.
  • Integrated with your operational data.
• Supplier Intelligence Tools
  • Quickly access structured supplier intelligence that’s easy to understand.
  • Instantly compare suppliers side by side on critical risk metrics.
  • Discover new suppliers whose qualifications meet your requirements.
  • Evaluate your suppliers’ suppliers against industry benchmarks and other KPIs.
  • Make smarter, faster decisions to ensure compliance with historical case tracking, reporting, and centralized documentation.
  • Centralize and coordinate response efforts and action plans across your entire organization.
  • Centralize visibility into risk across your entire supplier network.
  • Proactively monitor suppliers across global news sources and against industry benchmarking.
  • Customize your intelligence with advanced alerting capabilities spanning keywords, commodities, and regions.

Benefits

• Stay alerted to changes in supplier health with configurable event monitoring and relevant alerts to understand and prioritize threats, and proactively avoid disruption.
• Make smarter supplier decisions with 360-degree visibility and validated data.
• Centralize compliance tracking and documentation.
• Increase operational efficiency and collaboration across procurement and supply chain teams.
• Prevent supply chain disruptions by identifying and mitigating risks before they escalate.