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Supply Chain Resilience

Assess and mitigate supply chain partner business resilience risks

Supply chain resilience assessments enable you to understand how prepared your suppliers are to handle disruptions that could negatively impact your business. This includes evaluations of their incident response, business continuity, and disaster recovery plans. However, assessing supply chain resilience can be complex and time-consuming – especially if you’re relying on spreadsheets to manage the process.

The Prevalent Third-Party Risk Management Platform includes unified capabilities for assessing, analyzing and addressing weaknesses in supplier business resilience plans. This enables you to proactively work with your supplier community to prepare for pandemics, environmental disasters, and other potential crises.

Key Benefits

  • Centralize visibility into supply chain risk management, including business continuity plans and related risks

  • Make it easy for your team to tackle the most critical issues first with clear risk scores for each supplier

  • Save critical time in a crisis by automating supplier assessment collection, analysis and risk remediation

  • Be better prepared for pandemics, environmental disasters, and other supply chain disruptions with centralized visibility into your entire supplier base

  • Meet auditor and board requirements for business resilience planning

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Key Features

  • Icon risk score gold

    Supplier Pre-Screening

    Rapidly pre-screen suppliers using a library of continuously updated risk scores based on inherent/residual risk, assessment results and real-time reputational monitoring.

  • Icon dashboard gold

    Comprehensive Supplier Profile

    Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights and maps 4th-party dependencies across your supply chain.

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    Inherent Risk Scoring

    Use a simple assessment with clear scoring to track and quantify inherent risks and determine the scope of subsequent supplier risk assessments.

  • Icon survey 2 gold

    Business Resilience Assessment

    Leverage Prevalent's built-in business resilience assessment questionnaire to understand supplier incident response, disaster recovery and communications plans. Review and approve assessment responses to automatically register risks, or reject responses and request additional input.

  • Icon consolidate

    Central Risk Register

    Normalize, correlate and analyze results from multiple assessments for unified supply chain risk reporting and remediation.

  • Icon remediate health

    Built-in Remediation Guidance

    Take actionable steps to reduce supplier risk with built-in remediation recommendations and guidance.

  • Icon document management file cabinet gold

    Document & Evidence Management

    Store and manage supply chain partner business continuity, disaster recovery and communications plan documents, evidence and more for dialog and attestation.

  • Icon relationship mapping gold

    Relationship Mapping

    Identify relationships between your organization and third, fourth and Nth parties to discover dependencies and risks in your extended vendor ecosystem.

  • Icon compliance gold

    Compliance Reporting

    Visualize and address compliance requirements by automatically mapping assessment results to any regulation or framework. Demonstrate to auditors and the board that you have a plan to address vendor supply chain disruptions.

  • Icon risk assessment gold

    Risk Reporting

    Identify, alert and communicate exceptions to common behavior with built-in report templates.

Who Wins

  • Procurement

    Ensure that new vendors are prepared to meet their contractual requirements in the face of unplanned disruptions.

  • IT Security

    Add context to cybersecurity assessments and automate the scheduling, collection, analysis, management, and remediation of vendor risks in a central platform.

  • Risk Management

    Demonstrate compliance to auditors and prove to the board you have plans in place to address supply chain failures.

Supply Chain Risk Management: The Definitive Guide

SCRM is increasingly raised as a board-level topic as business continuity concerns and product lifecycle management take on more important roles. Get started with these best practices for tackling supply chain risk.

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