Craft Supply Chain Risk Management helps organizations gain insights into supplier dependencies to predict and mitigate risk, and optimize supply chain strategies to prevent disruptions before they happen. While obtaining reliable data about your direct suppliers is crucial, a substantial portion of supply chain risk and disruption comes from second- and third-tier suppliers you may not even be aware of. Uncovering these dependencies is critical to a more complete understanding of your overall risk exposure, which may expose potential bottlenecks, an over-reliance on single-source suppliers, localized labor issues, regulatory violations, and more. Craft Supply Chain Risk Management helps you identify and mitigate risk from not just your suppliers, but your suppliers’ suppliers.

Features

• Expand visibility of risk across your entire supply chain
  • Eliminate reliance on risky single-source suppliers.
  • Avoid unseen regulatory risks and unethical labor actions from tier 2 and 3 suppliers.
• Respond faster with integrated case management
  • Gain a comprehensive understanding of your suppliers with robust data profiles and discovery tools.
  • Quickly access structured supplier intelligence that’s easy to understand.
• Company Profiles
  • Instantly compare suppliers side by side on critical risk metrics.
• Supplier Comparison
  • Discover new suppliers whose qualifications meet your requirements.
• Advanced Search
  • Evaluate new potential suppliers against industry benchmarks and other KPIs.
• Portfolio Check
  • Uncover and understand the risks and dependencies of your suppliers and your suppliers’ suppliers.
• Multi-tier supplier visibility
  • Trust verified intelligence for Tier 2 and 3 suppliers instead of subjective surveys.
  • Understand supply chain dependencies and risk from Tier 2 and 3 suppliers.
• Multi-tier dependencies
  • Proactively prevent disruption by continuously monitoring suppliers and addressing the most relevant risks to your business.
• Risk Hub
  • Centralize visibility into risk across your entire supplier network.
• Alerts and Industry Benchmarks
  • Proactively monitor suppliers across global news sources and against industry benchmarks and other KPIs.
• Advanced Alerts
  • Configure your intelligence with advanced alerting capabilities spanning keywords, commodities, and regions.
• Case Management
  • Make smarter, faster decisions to ensure compliance with advanced case tracking, reporting, and centralized documentation.
• Collaboration Workspace
  • Centralize and coordinate response efforts and action plans across your entire organization.

Benefits

• Superior Data Fabric
  • Reliable supplier data fabric is critical for procurement and supply chain management.
  • 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.
• Risk Categories
  • 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.
• 360-degree visibility
  • Craft provides organizations with the 360-degree visibility, timely insights, and agility needed to mitigate risk and build stronger supplier networks and more resilient supply chains.