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Craft’s Supplier Intelligence for Due Diligence provides government organizations with a single platform to evaluate and monitor companies in real time, and complete due diligence checks in hours instead of weeks. The platform offers extensive profiles on both public and private companies, providing a 360 view of company health and potential risks. It also features scalable portfolios, advanced search and filtering, and knowledge sharing capabilities.
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]]>If you’re managing supply chain or procurement for an insurance company, identifying at-risk companies in your supply chain and resolving issues in a single, intuitive platform can quickly mitigate risk and avoid costly disruption.
In this Craft for Insurance Companies Solution Brief, learn about:
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While obtaining reliable data about your direct suppliers is crucial, a substantial portion of supply chain risk and disruption comes from second- and third-tier suppliers you may not even be aware of. Uncovering these dependencies is critical to a more complete understanding of your overall risk exposure, which may expose potential bottlenecks, an over-reliance on single-source suppliers, localized labor issues, regulatory violations, and other possible issues.
Craft Supply Chain Risk Management helps you identify and mitigate risk from not just your suppliers, but your suppliers’ suppliers.
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]]>Procurement and supply chain professionals are often under-resourced yet responsible for mitigating risk across hundreds, if not thousands, of suppliers. The task of staying on top of supplier health becomes exponentially more difficult due to the many disparate, siloed tools used to assess supplier health across numerous risk categories. These solutions often overwhelm users with an abundance of alerts, making it challenging to proactively mitigate risks and identify potential disruptions before they happen.
Craft Supplier Risk Management makes it easy to assess and prioritize risk based on what’s most impactful to your organization, helping you proactively avoid costly disruptions to your supply chain.
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]]>Procurement and risk professionals spend considerable time conducting web searches, gathering data (e.g., financial, operational, ESG, cyber-related) for vendor sourcing and supplier due diligence. Obtaining reliable, comprehensive, and validated data is crucial; without it, insights, alerts, and decision-making can be compromised, increasing business risks.
By providing timely, accurate, and validated data in one easy-to-use platform, Craft saves users considerable time and boosts decision-making confidence.
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Understanding cybersecurity risk is crucial for preventing data breaches, operational disruptions, reputational damage, compliance violations, and financial losses. This becomes increasingly challenging due to the constantly evolving nature of cyber threats, complex and interconnected supplier networks, diverse cybersecurity standards, dependencies on third parties, and limited visibility into supplier practices.
Craft helps you identify at-risk companies within your supply chain, even revealing hidden threats among your supplier’s suppliers, so you can quickly and effectively mitigate risk and prevent costly disruption.
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Failure to recognize and mitigate financial instability in your supply chain can result in disruption from canceled orders and delays, to increased costs and reputational damage. Getting an accurate understanding of your suppliers’ health, especially if you are working with private companies, can be time-consuming and challenging. Often the information available only provides a historical snapshot, not an ongoing pulse on financial health, leaving you vulnerable to changes in your suppliers’ financial health.
Craft helps you monitor the financial health of every company in your supply chain, even your suppliers’ suppliers.
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Increased regulation is making ESG reporting and compliance more critical than ever. The lack of standardized metrics, inaccuracies in self-reported data, and the prevalence of greenwashing make it challenging for organizations to obtain reliable information.
Craft addresses these challenges by providing timely, accurate ESG reporting, coupled with complete visibility into your second- and third-tier suppliers, enabling you to make informed decisions that align ethical and sustainable practices across your entire supply chain.
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]]>Procurement and supply chain organizations are facing increasing pressure to comply with a growing number of environmental, financial, and geopolitical regulations. Non-compliance can lead to costly fines and threaten profitability.
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]]>Globalization has contributed to an increasingly complex web of multi-tier supplier networks, often obscured by layers of holding companies and limited public information. This lack of transparency enables political and economic adversaries to conceal foreign ownership, steal intellectual property, disrupt critical infrastructure, and execute cyber attacks…
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