What can you do with Supply Wisdom?
In-depth and targeted Location & Vendor Risk Assessments
Real-time risk intelligence, risk alerts, and health reviews
Ask an Analyst to understand and evaluate risk and impact
Respond to risk vectors and engage with third parties and internally
Continuous Risk Monitoring
Supply Wisdom monitors risks and threats to your third parties and locations in real-time, wherever they are. We assess, quantify, and rate risk based on their potential to disrupt operations.
We review thousands of events every day, reported from hundreds of sources, across 30 or more languages to bring you only those risks that need your attention. If there is a risk, we will tell you about it.
Objective Risk Scores
An effective TPRM program needs a structured approach to defining risks across a global portfolio. Supply Wisdom offers an objective risk scoring mechanism to assess and quantify risks and impact.
Knowing the nature and impact of risk is essential to develop mechanisms for mitigating disruptions. Strengthen your TPRM and GRC processes with Supply Wisdom’s proprietary methodology for third party and location risk.
Vendor Risk Assessments
How does a third party or supplier rate among peers? How has their risk profile changed in the recent past? What risks can they pose to your operations? Which events affected their risk score?
Get a 360-degree view with our comprehensive Vendor Risk Assessment for all your critical third parties. Supply Wisdom Vendor Risk Assessments are comprehensive and cover multiple risk categories.
Ask An Analyst
Uncertain about what a risk alert could mean for you? Have a query about our guidance for a specific risk situation? Need more information to support critical decision making regarding your third parties?
Ask our Analysts and we will supplement our risk intelligence with tailored research. Supply Wisdom Analysts are experts in third party risk and their guidance is part of your subscription.
Cyber Risk Monitoring
Data and information security related risks from third parties that own, access, store, manage, or process data pose enormous regulatory, legal, and financial implications for enterprises.
Supply Wisdom’s comprehensive Cyber Risk Scorecards and real-time risk alerts enable enterprises to quickly assess the cyber susceptibility security posture of their third parties, compliance against industry standards, and institute corrective action.
Tiered Subscription Pricing
Pick the third parties, countries, or cities that you want to monitor based on their risk levels. Watch data and risk intelligence flow into your Supply Wisdom dashboard within 24 hours of sign up. No limits on users.
Add, remove, switch third parties and locations based on your changing business needs. Supply Wisdom provides a flexible, multi-tier approach so that you pay only for the risk monitoring or risk assessments based on the risk level of the target.
Opportunities, Not Just Risk
Enterprises use Supply Wisdom for more than continuous risk monitoring. Supply Wisdom is a critical decision support tool for supplier consolidation, contract re-negotiations, bid evaluations, third party selections, location identification, etc.
Supply Wisdom offers data and insight about opportunities that you can leverage to reduce spend and create value. Be aware of opportunities to generate value with Supply Wisdom.
Integrate with your Platforms
Integrate Supply Wisdom into your Integrated Risk Management (IRM), GRC (governance, risk management and compliance), or Sourcing platforms with with little to no coding.
Equip your TPRM, governance, procurement, sourcing, business continuity, and vendor managements teams with continuous risk feeds, alerts and Vendor Risk Assessments within your preferred platform.
Zero Friction User Experience
Using Supply Wisdom is as easy as logging in. No setup or implementation needed because Supply Wisdom is available on the cloud as a SaaS platform. Supply Wisdom offers the same seamless experience on any device.
Supply Wisdom has a responsive User Experience that is designed to help you consume and respond to risk alerts. Never miss a critical risk alert.
Supply Wisdom Third-party Risk Tiers
The Supply Wisdom subscription model is a tiered solution with four different tiers of risk monitoring coverage. Classify all third parties in your sourcing chain based on their potential impact to your business and operations. Match them to the corresponding Supply Wisdom Third-party Risk Monitoring Tier.
For Critical Third Parties
Continuous risk monitoring with risk scores and risk data across all 6 third-party risk categories; includes monthly update to Cybersecurity Risk metrics; real-time and continuous event notifications with impact level analysis and guidance across 5 impact levels: Immediate, High, Medium, Low and Informational.
For High Risk Third Parties
Continuous risk monitoring with risk scores and risk data across any 3 third-party risk categories; includes quarterly updates to Cybersecurity Risk metrics; real-time and continuous Intelligent Risk Alerts.
For Moderate Risk Third Parties
Continuous risk monitoring with risk scores and risk data across any 2 third-party risk categories; Cybersecurity Risk metrics will be updated two times per year; real-time and continuous Intelligent Risk Alerts.
For Low Risk Third Parties
Real-time and continuous Intelligent Risk Alerts; Risk scores and risk data across any 2 third-party risk categories updated annually; Cybersecurity Risk metrics updated annually.
Supply Wisdom Location Risk Tiers
Classify your sourcing and supply chain locations based on their potential impact to your business and operations. Match them to the corresponding Supply Wisdom Location Risk Monitoring Tier.
For Critical Locations
Continuous risk monitoring with risk scores and risk data across all 8 location risk categories; real-time and continuous Intelligent Risk Alerts with impact level analysis and guidance across 5 impact levels: Immediate, High, Medium, Low and Informational.
For High Risk Locations
Continuous risk monitoring with risk scores and risk data across any 4 location risk categories; real-time and continuous Intelligent Risk Alerts.
For Moderate Risk Locations
Continuous risk monitoring with risk scores and risk data across any 2 location risk categories; real-time and continuous Intelligent Risk Alerts.
For Low Risk Locations
Real-time and continuous Intelligent Risk Alerts; Risk scores and risk data across any 2 location risk categories updated annually.
Supplier Risk Monitoring
Supply Wisdom continuously monitors risks and threats to your third parties, including suppliers. We assess, quantify, and rate risk based on their potential to impact your operations, reputation, and compliance.
15+ risk parameters | Ownership, Investment, ratios, balance sheet, liquidity, profitability, and revenue
Solutions Maturity Risk
45+ risk parameters | Service lines, talent pool, quality certifications, partnerships, operating models, and geographical metrics
5+ risk parameters | Client wins, client losses, brand reputation
5+ risk parameters | Total FTEs, attrition, employee ratings
Governance, Regulatory & Compliance Risk
10+ risk parameters | Regulatory compliance, legal actions, liens and settlements, management changes
Continuous cyber susceptibility monitoring | 20+ technical security risk categories including application security, attack surface, brand monitoring, etc.
Location Risk Monitoring
Supply Wisdom continuously monitors risks and threats to your business critical locations. We assess, quantify, and rate risk based on their potential to disrupt operations.
10+ risk parameters | Inflation, FDI, credit risk, currency risk
Legal, Security & Compliance Risk
20+ risk parameters | Policy, cyber crime, trade union activity, labor laws
20+ risk parameters | Ease of doing business, regulatory and statutory requirements
10+ risk parameters | Key labor cost metrics, operational costs, taxation
40+ risk parameters | Size and growth, worker spreads, attrition/hiring, and languages
15+ risk parameters | Incentives to source, power and utilities, transport, technological readiness
15+ risk parameters | Political risk, social and security risk
Quality of Life
10+ risk parameters | Expat quality of life measures and business support & amenities