The Best Supply Chain Risk Management Software

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Resilinc Screenshot

Resilinc

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Resilinc is a supply chain risk management software that helps you get supplier performance information with less cost and inventory. The Resilinc solutions include EventWatch, RiskShield, Multi-Tier Mapping, and Capability Assessment. The features of Resilinc are broken down into their individual solutions: Monitor your supply chain 24/7. Detect events that could impact your supply chain. Predict how an event will affect your suppliers and sites, and secure allocation to regain control. Load
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
riskmethods Screenshot

riskmethods

riskmethods is a supply chain risk management software that helps you identify, assess, and mitigate supply chain risk. This is provided via real-time information, AI-driven insights, noise cancellation, and expert guidance. The riskmethods solution is made up of Risk Radar, Impact Analyzeer, and Action Planner products. Risk Radar profiles and monitors your supply network to reveal risk in real-time.; Impact Analyzer helps you to minimize the business impact of risk by assessing supplier
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Coupa Risk Aware Screenshot

Coupa Risk Aware

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Coupa Risk Aware helps your business monito spend at risk across all suppliers. The supply chain risk management software lets you optimize your supply base via supply disruptors and and suppliers. Coupa Risk Aware combines financial, judicial, and news sentiment risk scores with community-rated scores from across Coupa’s entire customer base to provide the industry’s only community-based complete assessment. Risk ratings; Multi-dimensional ratings; Spend-at-risk visibility; and In-flight
Client OS
Web
Deployment
Cloud Hosted
ATS Screenshot

ATS

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Alcea Tracking Solutions (ATS) is a powerful and full featured business process management solution (collaboration, workflow, document management, auditable). It is fully configurable, providing an easy to use interface to manage your cases, issues, helpdesk, knowledge base, assets, risks or anything you require to track. @youtube Easily convert any simple or complex spreadsheet into ATS; Easily convert disparate systems/solutions into one platform; Secure access by role and responsibility;
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Starting Price
$250/month
Client OS
Windows, macOS, Linux, iOS, Android, Web
Deployment
Cloud or On-Premises
LogicManager Screenshot

LogicManager

LogicManager is an integrated risk management software that includes a comprehensive matrix of solutions that will accelerate and perfect your GRC efforts. LogicManager will help your business develop mitigation and monitoring activities to uncover risks across your enterprise. The software will also help report and resolve incident types, keep track of regulations, and conduct any due-dilligence activities on your vendors. Enterprise Risk Management; Incident Management; IT Gov., Security &
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Starting Price
$12,000/year
Client OS
Web
Deployment
Cloud Hosted
AnyLogistix Screenshot

AnyLogistix

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AnyLogistix (ALX) is a supply chain management software. This solution is notable for including a supply chain digital twin, a custom simulation model to predict network behavior. Use the model to generate forecasts and test action plans before applying them to your real supply chain. Supply chain digital twin; IBM ILOG CPLEX analytics solver; Multi-echelon greenfield analysis (GFA); Risk analysis; Transportation optimization; and Safety stock estimation and inventory optimization. There are two
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Starting Price
$18,000/year
Client OS
Web
Deployment
Cloud Hosted
DHL Resilience360 Screenshot

DHL Resilience360

DHL Resilience360 is an innovative supply chain risk management software platform that helps businesses predict, assess and mitigate the risk of supply chain disruptions. Resilience360 from DHL helps your business with business continuity planning, provides a logistics control tower, and gives you supplier risk management. Supply Chain Visualization; Incident Monitoring; Risk Assessment; Supply Watch; Transparency Portal; C-TPAT Compliance; and Risk Response.
Client OS
Web
Deployment
Cloud Hosted
JAGGAER ONE Screenshot

JAGGAER ONE

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JAGGAER ONE is a spend management system that helps you source your entire procurement process. The software easily integrates with your existing ERP systems and accounting software to help you quickly understand your spend. This will lead to better decision making by seeing price variations across similar goods and services, and where your employees are buying outside of your preferred channels. JAGGAER ONE provides consistency and visibility across all spend activities. The software allows the
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Starting Price
$45,000/year
Client OS
Web
Deployment
Cloud Hosted
Arena PLM Screenshot

Arena PLM

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Arena PLM is a product lifecycle management tool to streamline your product development processes. Arena PLM empowers companies to deliver innovative products. Arena PLM is a single place to aggregate product information and related processes. Arena PLM provides a critical foundation to capture your electrical, mechanical, software, and firmware design along with associated documentation. Arena PLM lets you track a complete history for your bill of materials. Arena PLM accelerates engineering
Client OS
Web
Deployment
Cloud Hosted
GEP SMART Screenshot

GEP SMART

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GEP SMART is the complete procurement solution with: Full spend analysis and opportunity assessments; Planning and project management; Auctions and sourcing; Contracts and lifecycle management; Supplier management; Purchasing; Invoice handling; and Savings tracking. @youtube SMART by GEP is a unified procurement platform that helps drive efficiency and performance for direct and indirect procurement designed to automate all source-to-pay processes. Spend Analysis: Clean, validate, classify, and
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Starting Price
$500,000 (perpetual license)
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
IntegrityNext Screenshot
IntegrityNext is a supply sustainability monitoring tool that helps your business mitigate compliance risk with automated self-assessments, social media monitoring, and risk alerts. The use of pre-built compliance assessments lets your suppliers confirm their compliance with sustainability standards. You may also review the behavior of all suppliers by tracking messages to get early warnings on reputational threats and learn of public awareness and sentiments. Supplier Compliance Assessment;
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Starting Price
$375/user/month
Client OS
Web
Deployment
Cloud Hosted
SafetyChain Compliance Manager Screenshot

SafetyChain Compliance Manager

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SafetyChain is the #1 plant management platform purpose-built to improve yield, maximize productivity, and ensure compliance standards for food & beverage facilities. Compliance Manager provides a cloud-based, centralized solution that makes corporate and supplier compliance faster, easier, and more effective. From facility audits and scoring to user-friendly supplier portals and scorecarding, SafetyChain gives your corporate audit team a single tool to streamline their processes, reduce risk,
Client OS
Web
Deployment
Cloud Hosted
Prewave Screenshot

Prewave

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Prewave is a leading supply chain risk platform used by manufacturing companies worldwide to improve the transparency and resiliency of supply chains. The artificial intelligence (AI) based platform identifies risks in supply chains based on public information automatically and at an early stage. With this information companies have the advantage and can counteract possible delivery bottlenecks and production stops on time. Also, potential violations of sustainability or the impact of natural
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Starting Price
$200/month
Client OS
Web
Deployment
Cloud Hosted
Reply Screenshot

Reply

Reply is a suite of integrated solutions for the management and control of your Supply Chain Execution. The challenge of Supply Chain Management is to integrate end-to-end solutions to break down barriers between the supplier, company, customer and consumer, turning existing models into collaborative networks in which the proper planning and implementation of execution components are increasingly important. In this era of globalization and competition, Supply Chain Management (SCM) can no longer
Price Range
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Starting Price
$70/user/month
Client OS
Android, Web
Deployment
Cloud or On-Premises

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Buyer’s Guide

What is Supply Chain Risk Management Software?

Supply chain risk management (SCRM) software helps your business take the steps needed to identify, assess and mitigate risk in real-time in your end-to-end supply chain. The combined use of supply chain risk management process tools with your supply chain partners can help you deal with risks and uncertainties in logistics-related activities or resources.

The goal of using the software will be to ensure global supply chain business continuity in an event that would typically interrupt normal business operations. SCRM software attempts to reduce supply-chain vulnerability via a coordinated approach among all supply-chain stakeholders.

A properly implemented system will identify and analyze all potential failure points within the supply chain. Examples of risks to the supply chain range from pandemics such as the Coronavirus disease (COVID-19), natural disasters such as hurricanes and earthquakes, and counterfeit products. Risks can also fall into product quality issues, security threats, and product integrity.

Supply chain risk management software helps create mitigation plans to manage these risks. These solutions will tie in heavily with your existing supply chain management software and relate to many other facets of your organization. This includes logistics, cybersecurity, finance and risk management disciplines.

Features of supply chain risk management software will let your business monitor events, identify and mitigate risk, gain visibility into, and assess the sustainability of your overall supply chain. Monitoring events helps you know of any potential impacts that may be coming to your supply chain.

Knowing this information can help you quantify, identify, and mitigate risk at all levels of the supply chain. This includes any changes or variations in suppliers, products, ports and parts.

Resilinc Supply Chain Risk Management Software Reports and Dashboard
Solutions such as Resilinc let you easily view reports and dashboards on threats such as cyber security.

Features of Supply Chain Risk Management Software

  • Event Monitoring: Track events across your supply chain. Load sites and points of interest and monitor via various news types, social media, and regulatory agencies. Includes “What If” scenario modeling.
  • Risk Management: Monitor your suppliers and sites, configure risk scores, get critical failure points, and track risk mitigation progress and follow up with owners.
  • Mapping: Includes a supplier intelligence repository to let you visualize your supply chain through multi-tier mapping. Asses potential failure points and vulnerabilities and prioritize supplier workflows. Identify parts impacted during disruptions within minutes. Quantify the impact of revenue at a supplier, site, part, and product level. Create customized reports with analytics.
  • Supplier Assessments: Create standardized assessments and customize question weights and thresholds based on relevance. Manage your partner onboarding and response collection efforts. Create powerful scorecard visualizations to quickly identify gaps and create/assign/track mitigation projects. Combine the results of all assessments to prioritize the most critical areas of improvement.
Coupa Risk Aware Supplier Health Supply Chain Risk Management Software
View supplier health scorecards in solutions such as Coupa Risk Aware.

Benefits of Supply Chain Risk Management Software

Implementing a supply chain risk management software will provide your business with numerous benefits. SCRM software will ensure production and deliveries are functioning optimally, helps avoid profit losses by detecting risks early, and provides a quick ability to respond to unexpected events. Having a quality solution in place will also safeguard the image of your corporation, which in turn boosts customer satisfaction.

Some of the top benefits of supply chain risk management software include:

Improve Relationships With Your Suppliers

A supply chain risk management software will help your business make better decisions. Part of making better decisions will be analyzing your relationships with suppliers. Supplier relationship management (SRM) helps you analyze risks in your procurement process. A lot of this has to do with financial risks your suppliers may pose in either getting you needed materials, or shipping out your products to customers. However, many solutions have begun to track more than financial risks.

With a supply chain risk management software in place, you’ll be provided with enterprise-wide reporting of supply chain disruptions. This means you’ll be made aware of disruptions that occur in your supplier base as quickly as possible, and have an action predefined or immediately suggested to you. These consensus decisions will help your business know which of your key stakeholders you’ll want to continue working with by helping you award good performance or companies with lower perceived supplier risk assessment scores.

Improved relations with your suppliers will also lead to improved communication. This can lead to early detection of risk. Knowing where the flow of materials and products are going in times of crisis will ensure your products are getting to your customers on time.

AnyLogistix What If Scenario Supply Chain Risk Management Software
Create “what-if” scenarios in your supply chain with AnyLogistix.

Maintain Compliance via Rules, Regulations, and Safety Standards

Your brand reputation depends on your suppliers adhering to standards and regulations set by your company or by any governing body. Enhancing Corporate Social Responsibility (CSR) is one of the many underlining benefits of supply chain risk management software. Companies that release statements related to CSR violations suffer an average of 2.8% reduction in company goodwill.

Mitigate Risk Logic Manager Risk Management Software
Mitigate risk with features within LogicManager.

Reduce Costs In Your Supply Chain Processes

Being able to document all movement in your supply chain will help you track items and suppliers down to the simplest of details. Having this transparency on your data will let you better know where you raw materials originate, what locations they have to pass through, and where your finished goods will be traveling.

SCRM software will help you identify weak links in your supply chain. Being able to repair these areas in your supply chain should lead to improved performance, and thus an increase in revenue. This can be accomplished by discovering where you may have an increased reliance on outdated infrastructure. By creating risk profiles of your suppliers, you can see who has the biggest vulnerabilities or potential for risk.

DHL Resilience360 Supply Chain Risk Management Software
View your incident list in DHL Resilience360.

Improved Mapping and Transportation Management

A key piece of functionality offered by most supply chain risk management software is mapping. This feature allows your business to map routes taken by your suppliers, which can help conclude if they are being as efficient as possible and alert you to any potential disasters.

Working side by side with your clients to reassess their supply chain and replan routes can be a key step of improving relationships with both suppliers and customers. Reviewing routes can help discover areas of consolidation that will allow a supplier to reduce cost, or at least remain competitive with other suppliers.

Knowing how your suppliers handle disruptions will be a key step to improve relations. If they are not suited to meet your demands, it may be time to consider alternatives. Sometimes the situation is not as simple as identifying an alternative supplier or finding a new manufacturer to contract out. Once you’ve built a model of your supply chain, which includes costs, capacities, and revenues, you’ll be able to transparent with what you are looking for out of your suppliers when it comes to your transportation management needs.

Supply chain risk management software will create a risk scenario analysis that helps you know which alternatives you can take in a time of need. These metrics can help reduce any potential risk or disruptions that may occur when handling a new job. Modeling unplanned events and understanding their impact can help determine the most cost-effective mitigation strategies and help you formulate contingency plans.

Procurement Event JAGGAER ONE
View procurement events and their affect on your mapping and supply chain process in JAGGAER ONE.