FAQ

Supply Wisdom is used by a number of functional areas involved in Global Services & Outsourcing. Some examples of the functional groups and their uses of Supply Wisdom are listed below:

Supply Wisdom Client Functional Group

Vendor Management Office
  • Global Supplier Management and Governance
Enterprise Risk and Compliance
  • Meeting regulatory reviews of third party monitoring
  • Regulatory review of Location Risk
IT Management
  • IT Supplier Environmental and Risk Reviews
Shared Services & COE Operations
  • Site selection
  • Monitoring of suitability of various locations
  • BCM and DR Location Monitoring
Global Workforce Strategy
  • Assessment of risk/cost/suitability of locations
Procurement & Contract Management
  • Third party qualification and comparison
  • Location cost benchmarking
  • Contracting
  • Re-negotiation - Wage and non-wage by location and level
Credit, M&A, Marketing
  • Borrower Risk Overview
  • Target Market Analysis
  • Financial and Stability Risk

Country & City Trade Agencies

Competitiveness Tracking
  • Global, regional delivery center competitiveness tracking
Location Comparison
  • Comparison of new destinations and Special Economic Zones
Supply Wisdom continuously monitors key risk targets including countries, cities, and third parties. This coverage is constantly expanding. Targets that are not already monitored by Supply Wisdom can be added and monitored through your dashboard within 24 hours.
If a Location or Third Party of interest to you is not on the Supply Wisdom Target List, contact your account owner or email us at info@supplywisdom.com. Your preferred target Location, Supplier, or Third Party will be activated and available to you within 24 hours.
Supply Wisdom provides industry leading continuous, real-time Risk Intelligence and monitoring of Suppliers and Locations, while providing an objective risk-based model for tracking, comparing, and predicting risks. It provides these advantages on the cloud, on a subscription-basis, without the need to invest in any systems. Getting started takes minutes, as there is no implementation cost or time.
Supply Wisdom collects and validates information from several hundred sources of data, including public and private sources; we conduct both primary and secondary research. Every data point used in our models has at least two separate sources of data to ensure the integrity of our model and to provide you with reliable, fact-based insights. The system also has in-built truth meters that automatically detect and flag anomalies.
Supply Wisdom Risk Ratings are an objective, integral part of our service that allow you to quickly compare potential risk and identify opportunities across Suppliers or Locations. Our risk ratings are rooted in our proprietary algorithms that look at both quantitative and qualitative changes in the marketplace. In our models each category of risk (Macro-Economic, Financial, Scalability, etc.) is given a risk weighting based on the potential impact of the category on operational risk. We make that risk weighting completely transparent to you as a subscriber. This gives you insight into knowing what risks are changing, and confidence in taking appropriate actions to mitigate risk.
None! Supply Wisdom is a cloud-based service and, as such, no additional systems are needed and no system integration is required to use it. Our open API capabilities support any system integration program.
Companies such as Northern Trust, SunTrust, SunCorp, United Health and Merck benefit from using Supply Wisdom insights to manage their complex global services and meet regulatory demand to continuously monitor third party risk. Subscribers also include companies in less regulated industries such as Microsoft, Mondelez International, Walgreens and Ancestry.com, who use Supply Wisdom to better manage their global outsourced and company-owned operations, captives, and resources.