Santa Clara, Calif. – Resilinc Corp., a provider of supply chain resiliency solutions, has enhanced its SupplyIntel tool to address the challenges of multi-tier supply chain visibility, risk mitigation and optimized supplier engagement in major industries including high-tech and electronics, automotive, and life sciences. SupplyIntel 5.0 provides a scalable solution with capabilities for multi-tier mapping, event monitoring, and risk quantification and mitigation tools.
"Supply chain executives are increasingly challenged to manage and proactively mitigate risk to the business resulting from complex global multi-tier supply chains," said Bindiya Vakil, CEO of Resilinc, in a statement. “However, the task can be extremely time- and resource-intensive for companies looking to solve the problem in a one-off fashion for their own enterprise and might require an investment of millions of dollars in tools and multiple expensive resources employed full time. With the new enhancements enabled by SupplyIntel 5.0 we are pushing the envelope further and redefining best in class in supply chain risk management. The resulting cost savings and greater return on investment are critical to our customers’ success in today’s competitive global economy.”
SupplyIntel 5.0 offers a broad range of survey modules for business continuity mapping, conflict minerals, corporate social responsibility and supply chain security in a single integrated platform. The tool is segmented into three focus areas:
- Resilinc Omniview for multi-tier visibility
- Resilinc FlexRisk for supply chain risk scoring
- Resilinc Supplier Onboarding to facilitate and expedite the supplier engagement process
Resilinc Omniview enables supply chain management teams to visualize the business relationships across the multiple tiers of their supply chains, and is designed to help protect against supply capacity issues or unexpected material premiums. It also supports advanced sourcing practices and enhanced new product designs, which enable companies to explore new cost-saving opportunities, and identify and address risk mitigation needs in their extended supply chains, said Resilinc. Key capabilities include: enhanced multi-tier graphical visualization, the ability to pin-point sub-tier risk aggregation and recognize bottlenecks, and expanded multi-tier bill-of-material (BOM) collection and visibility.
Resilinc FlexRisk allows clients to extend the company's patent-pending Risk Scoring Model. This single aggregated scoring enables a comprehensive view of supply chain risk at the product and part-level across the enterprise in a single centralized location. This includes the collection of supplier financial risk, site location risk, operation recovery risk and critical operational risk score elements related to suppliers, including operational KPIs such as cost, quality, delivery reliability and lead time performance. Tracking through FlexRisk enables supplier risk metrics to be applied to each site and part to drive "effective decision making and collaborative and proactive mitigation across the enterprise," said Resilinc.
Key capabilities include: client-configured risk scoring – and risk score weighting -- integrated into Resilinc's risk score methodology. Users also can import calculated scores from other third-party applications and sources. Some of the key business-critical metrics now featured in FlexRisk include operational risk, quality risk, regulatory or compliance risk and innovation risk.
The new Supplier Onboarding capabilities are expected to maximize the return on investment by improving the speed, accuracy, quality and auditability of the supplier engagement process. The "unique architecture" enables suppliers to avoid duplicate data entry by sharing their information with the customers they approve on the platform.
Resilinc said it provides supplier training, timely client reports and onboarding escalation to reduce the risk of non-compliance. Clients have access to the latest status reports detailing progress on supplier onboarding, as well as a complete history of each supplier interaction with the Resilinc supplier relations team, which will be critical for supporting future regulatory compliance audits, according to Resilinc.