The Smart Cube has updated its Supplier Risk Intelligence (SRI) with new risk categorization and risk scoring methodology features. SRI is an end-to-end risk monitoring and management solution that provides a holistic view of supplier risks, including financial, operational, legal and ethical, and labor and environmental aspects. The solution combines artificial and human intelligence to track supplier risks on an ongoing basis and deliver actionable insights.
The latest features include:
Executive briefing emails: Users can subscribe to tailored automated executive briefing mails at their preferred frequency (weekly, fortnightly, monthly, or quarterly) to receive an overall summary and high-level view of latest changes in supplier and category risk events for their portfolio.
Updated risk categorization and refined risk scoring methodology: Suppliers are now sorted into five risk categories, from negligible to severe, providing better visibility and allowing teams to triage risks more efficiently. A refined SRI risk scoring methodology ensures more robust and realistic scoring against key risk factors. High-risk events are presented more prominently, allowing quicker identification and mitigation.
Automated supply disruption alerts: Users receive automatic category, logistics and country disruption email alerts, triggered by events such as natural disasters or raw materials shortages, identifying their affected suppliers and sub-tier suppliers.
