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Interview management , cost savings , and cost avoidance , but the tools that are now available are changing the face of the function ,” she enthuses .
Data and intelligence have a big part to play in risk assessment , and once established , those risks need to be mitigated . This is where The Smart Cube comes to the fore . “ Our supplier risk intelligence platform provides procurement and third-party risk management teams with the visibility they need to become more proactive . Ultimately , it ’ s about visibility , because they are working with suppliers in many , many parts of the world . They don ’ t necessarily know to whom their suppliers are connected nor to what sorts of risks those suppliers may be exposed ,” she continues .
Superior visibility
“ Not having visibility is crippling in terms of being able to achieve resilience . What we do is look at multiple facets of risk , on a supplierby-supplier basis , whether financial , operational , technological , human , environmental , legal , or ethical . One of our key differentiators is that we don ' t just look at risks that are external to the business , we examine our clients ’ own data . So , for example , say I ' m working with a
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