About Supply Wisdom

Supply Wisdom automates risk management and monitoring for third-party vendors through data analytics and machine learning algorithms, providing businesses with real-time insights into potential supply chain risks. This technology enhances decision-making and compliance by delivering timely information on vendor performance and location-related threats.

```xml <problem> Organizations face challenges in continuously monitoring and assessing risks associated with their third-party vendors and their locations, leading to potential disruptions in supply chains, operations, and compliance. Traditional risk management processes often rely on periodic assessments and manual data collection, which can be time-consuming, resource-intensive, and prone to delays in identifying emerging threats. This lack of real-time visibility can result in delayed responses to critical events, increased exposure to financial, cyber, ESG, operational, and compliance risks, and ultimately, hinder business growth. </problem> <solution> Supply Wisdom provides a real-time risk intelligence platform that automates third-party and location risk management, enabling businesses to proactively identify, assess, and mitigate potential disruptions. The platform continuously monitors over 350 risk metrics, leveraging data analytics and machine learning to deliver early warnings and actionable insights on critical third parties and locations. By providing comprehensive, predictive, and real-time risk intelligence, Supply Wisdom empowers organizations to enhance their risk visibility, streamline oversight, and make informed decisions to protect their business's growth and health. </solution> <features> - Real-time alerts for critical risk events impacting third parties and locations - Comprehensive intelligence with access to over 350 risk metrics - Continuous monitoring application for real-time awareness and quick response - Risk assessments across financial, cyber, ESG, operational, compliance, and location domains - Machine-learning independently verified for accuracy and reliability - Customizable subscription options for tailored risk alerts - Integration capabilities with existing risk management systems </features> <target_audience> The primary target audience includes risk management professionals, compliance officers, procurement teams, and supply chain managers within organizations of all sizes and industries who need to continuously monitor and mitigate risks associated with their third-party vendors and their locations. </target_audience> ```

What does Supply Wisdom do?

Where is Supply Wisdom located?

Supply Wisdom is based in East New York, United States.

When was Supply Wisdom founded?

Supply Wisdom was founded in 2017.

How much funding has Supply Wisdom raised?

Supply Wisdom has raised 18500000.

Location

East New York, United States

Founded

2017

Funding

18500000

Employees

133 employees

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Supply Wisdom

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Executive Summary

supplywisdom.com 7K+

Crunchbase

Founded 2017 – East New York, United States

Funding

Estimated Funding

$10M+

Team (100+)

No team information available.

Company Description

Problem

Organizations face challenges in continuously monitoring and assessing risks associated with their third-party vendors and their locations, leading to potential disruptions in supply chains, operations, and compliance. Traditional risk management processes often rely on periodic assessments and manual data collection, which can be time-consuming, resource-intensive, and prone to delays in identifying emerging threats. This lack of real-time visibility can result in delayed responses to critical events, increased exposure to financial, cyber, ESG, operational, and compliance risks, and ultimately, hinder business growth.

Solution

Supply Wisdom provides a real-time risk intelligence platform that automates third-party and location risk management, enabling businesses to proactively identify, assess, and mitigate potential disruptions. The platform continuously monitors over 350 risk metrics, leveraging data analytics and machine learning to deliver early warnings and actionable insights on critical third parties and locations. By providing comprehensive, predictive, and real-time risk intelligence, Supply Wisdom empowers organizations to enhance their risk visibility, streamline oversight, and make informed decisions to protect their business's growth and health.

Features

Real-time alerts for critical risk events impacting third parties and locations

Comprehensive intelligence with access to over 350 risk metrics

Continuous monitoring application for real-time awareness and quick response

Risk assessments across financial, cyber, ESG, operational, compliance, and location domains

Machine-learning independently verified for accuracy and reliability

Customizable subscription options for tailored risk alerts

Integration capabilities with existing risk management systems

Target Audience

The primary target audience includes risk management professionals, compliance officers, procurement teams, and supply chain managers within organizations of all sizes and industries who need to continuously monitor and mitigate risks associated with their third-party vendors and their locations.