When a key supplier surprises you with a bankruptcy filing, it is often too late to contain the damage. You cannot ship products missing components. Your sourcing plans may be wrecked, your reputation for reliable performance damaged, revenue impacted, and competitors have a shot at prized customers.
It can take over a year to replace a supplier. Yet suppliers may be within weeks of failure before their months-old financial statements or credit reports indicate significant bankruptcy risk.
How can you identify far in advance which suppliers will not be around to fulfill their commitments?
56,000 suppliers worldwide every day for our customers.
Supply chain managers use our AI software to predict 90% of supplier and subcontractor bankruptcies 2 years in advance.
Understanding financial viability
Executing contingency plans for suppliers at risk
Incorporating easy-to-read financial risk reports into sourcing strategies and supplier reviews