Interos, a multi-factor, multi-tier supply chain risk management platform, has introduced a new set of features to accelerate detection and sharing of supply chain risk across multiple enterprise functions, including procurement, business continuity planning, enterprise risk management, and information security risk teams.
The COVID-19 pandemic, fractured trade pacts, adversarial geopolitical agendas, and new regulatory requirements (including NDAA Section 889 Part B) governing the use of foreign technologies and infrastructure have triggered a ‘reset’ in enterprise strategies for third-party risk management. As just-in-time fulfillment gives way to a focus on operational resiliency and greater agility, companies must embrace a framework optimized for the rapid detection, collection and sharing of risk information within and across supplier ecosystems.
The latest set of Interos product features advance principles of this new architecture, the Interos Resilience Operations Center (IROC) framework, for information sharing, and rapid response to supplier vulnerability and distress.
Alerts notify analysts when changes to supplier governance, geographic, and financial risks are detected.
Interos’ risk assessment and monitoring capabilities span over 50 million entities and mine 85,000+ data sources. Interos' platform leverages machine learning and AI, to build a contiguous map of business connections, and natural language understanding (NLU) to map out a company’s supply chains, business relationships and ecosystems. The result is a picture of a company’s entire ecosystem from end to end, with scoring across five key risk pillars, that are monitored and updated continuously.
