LexisNexis SmartWatch®

Monitor suppliers and quickly assess potential supply chain disruptions across key risk factors.

LexisNexis SmartWatch®, an advanced risk-monitoring and alerting tool, leverages trusted market intelligence that enables fast assessment of your suppliers’ current risk levels to help you anticipate and minimize supply chain disruptions, prevent litigation and protect your corporate brand.

  • Monitor a wide range of critical risk categories including financial, political, legal, environmental, etc.
  • Track your entire supply chain to surface hidden risk
  • Quickly and easily assess supplier risk with a color-coded dashboard
  • Monitor suppliers or risk categories over time to identify and analyze trends
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  • Proactively monitor key risk factors for potential supply chain disruptions—including political, economic, societal, technological, environmental and legal.
  • Access a vast collection of global publications and relevant business information—including news publications, industry and trade journals, legal and regulatory publications, business journals, analytical sources and more. You will find information on private companies beyond what they self-report plus information not found via Web searches alone.
  • Monitor thousands of suppliers—get a complete view of your entire supply chain, from your most critical suppliers and beyond—including those who supply raw materials.
  • See risk more easily—supplier risks are scored and displayed on a visual dashboard that uses color-coding to indicate the levels of risk. Scanning and pinpointing problem areas that range from natural disasters to regulatory changes, product recalls, reputational risk, country risks and more, is fast and easy.
  • Track trends over time—including tracking specific suppliers or tracking risk categories to better assess and evaluate risk.
  • Understand the financial health of your suppliers—using commercial credit data and risk scores powered by Experian®.
Leveraging information to develop sound risk management strategies
  • Procurement leaders are flooded with information—from supplier data and alerts to industry trends and analytical tools—and sifting through those sources to identify red flags can be daunting. In this Webinar, you’ll learn how to filter, prioritize and apply the information available for procurement professionals. Click here to view Webinar.
How Due Diligence Can Uncover Supply Chain Risk
  • During this Webinar, Eric Walsworth, director, supply management, and Karen E. Gray, supply management specialist, share best practices on how to establish a due-diligence process that can help uncover third-party risk without excess time or budget. Click here to view Webinar.

Top Talent Top Talent Demands Top Technology

  • Arming supply management professionals with top technology delivers more than traditional savings; it helps attract, build and retain the next generation of business leaders.

 

 

Top Talent Need for Supplier Diligence and On-going Monitoring

  • Louis Berard outlines the recent financial services’ risk management guidelines defined by the OCC and reflects on the impact a lack of due diligence and continuous monitoring of third-party relationships can cause.

 

 

James Ritchie How well do you know your supply chain

  • James Ritchie reflects on lessons from a recent round-table session and identifies key steps for improving visibility around potential risks.

 

 

Leveraging Market Intelligence to Better Manage Supply Chain Risk

  • With the increased use of Tier 2 and Tier 3 global suppliers, even the most highly recognized companies find themselves vulnerable to the costly impact of using high-risk suppliers. Now you can help protect your company from events like the 2012 apparel factory fires in Bangladesh and Pakistan by using the latest technology to discover early warning signs of risk obtained from a unique selection of global resources and displayed in an easy-to-read format.

 

Managing Supplier Risk with Third Party Supplier Data

  • Gain insight into how best-in-class companies gather and utilize third-party data to onboard and monitor their suppliers. Included are detailed research results, analysis and recommendations to successfully implement third-party data practices in your company.

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