Research and analytics solutions provider, The Smart Cube, announced today that it is launching Smart Risk, a bespoke, real-time supply chain risk monitoring solution. According to the press release:
For Category and Risk Managers, continuously monitoring events and risk in the supply chain is a critical part of their roles and the value they deliver to a business; lack of visibility and understanding of supplier-based events can sacrifice supply chain resilience, and impact business operations, reputation and relationships. But information-overload is a common problem, and it is difficult to cut through the clutter to find relevant insights.
Smart Risk monitors and reports on a broad spectrum of risk categories – including financial, operational, compliance, strategic and country risk. It leverages an extensive array of sources from subscription news service APIs and databases, to social media, augmented by responses to custom supplier questionnaires, a technique which gathers information often not in the public domain.
Algorithmic sentiment analysis is used to assess and score worldwide events on a risk scale, and predictive and preventive analytical capabilities identify early warning indicators of risk events, looking beyond the obvious and taking into account the impact of multiple individual factors….The Smart Cube’s experienced analysts apply an additional layer of assessment to the automated risk rating.
Started in 2003, The Smart Cube primarily serves the CPG, Energy and Chemicals, Financial Services, Industrials, Life Sciences and Retail sectors. Its Procurement and Supply Chain Solutions offerings include Category Excellence, Commodity Volatility, Supply Chain Analytics, and Supplier Engagement. They are headquartered in the UK with additional offices in the USA, Switzerland, Romania and India.