Sphera has introduced Sphera Supply Chain Risk Management (SCRM) Commodity Risk Tracker (CRT), which provides businesses with insights into potential disruptions and reputational threats in commodity supply.
With Sphera’s Commodity Risk Tracker, companies can:
Generate lead time advantages in the sourcing of raw materials by tracking commodity risks to anticipate price changes and adjust their sourcing strategy accordingly.
Have access to a representative landscape of risk events to monitor their critical suppliers of defined commodities on a global scale and be more proactive.
Protect their savings performance and price increases by securing alternative supply before market prices start to inflate.
Gather and interpret real-time data on potential disruptions and ESG compliance in the commodity supply chain and identify the necessary actions in response.
Save time and resources when identifying commodity suppliers and gain access to master data, so companies don’t have to perform the heavy lift of extensive research.
To gain an even more comprehensive view of risk, Sphera SCRM now also offers Supplier Risk History (SRH), a capability that accumulates the historical risk data of a supplier at a specific location, allowing companies to not only proactively monitor for potential risks, but also make more informed decisions about the suppliers they work with.