What is Supply Chain Risk Management Software?
Supply chain risk management (SCRM) software is a comprehensive and powerful platform for spotting and managing risks in an organization’s supply chain. This tool helps manage risks at every point in the supply chain, including suppliers, logistics, and operations. That way, it’s easier to identify vulnerabilities and disruptions that could impact the continuity of the supply chain. This software typically utilizes data analytics, real-time monitoring, and predictive modeling to assess potential risks. This offers managers a reliable and consistent data set that they can use when making informed decisions to boost the overall safety and efficiency of their supply chain operations.
Importance
Identifying and managing risks is paramount to an organization’s operations. Supply chain risk management software provides a comprehensive and data-driven approach to assess and manage these risks, offering real-time visibility into the entire supply chain. By leveraging advanced analytics and modeling, businesses can make informed decisions, develop effective risk mitigation strategies, and enhance overall supply chain resilience. Also, the proactive approach that’s facilitated by the software helps minimize the impact of disruptions and challenges. This ensures that organizations can maintain consistent and reliable delivery of products and services to customers.
Key Features
It’s ideal for companies to choose supply chain risk management software based on their unique needs, which is why most software options come with wide feature sets. That said, there are some key features that you can’t miss when choosing a specific solution for your organization. These include the following:
Choosing the Right Supply Chain Risk Management Software
Here’s a breakdown of the list of software options to make it easier for you to find the best fit for your organization:
Supply Chain Risk Management Software | Free Version | Paid Plan | Mobile App |
SafetyCulture | Yes | $24/user/month* | Yes |
Resilinc | No | $1,400/month | Yes |
Assent | No | Contact vendor for pricing | No |
One Network | No | Contact vendor for pricing | No |
Arkieva | No | Contact vendor for pricing | No |
Predict360 | No | Contact vendor for pricing | No |
*billed annually