A process as well as a characteristic of an organization to adapt rapidly to changing environments and needs is known as operational resilience. Basically, it is an organizational trait that allows it to carry out its mission or business despite the presence of operational stress and disruption. Hence, it is the organization's ability to handle and control external factors that may hinder it from functioning.
Supply chain disruptions are costly. A recent survey shows that on an average, disruptions cost organizations $184 million in lost revenue per year, but costs go beyond the bottom line. Therefore, 83% of the people have suffered reputational damage because of supply chain problems. Dealing with a future with even more risks and growing repercussions, companies are focusing on operational resilience to ensure their ability to provide products and services in the face of adverse supply chain events. This is the reason why Interos exists. So, the Interos operational resilience cloud automatically maps, monitors, and models supply chains and business relationships much deeper and further than ever thought possible. Hence, this way anyone can view and know everything everywhere in just seconds. In the company of Interos, one will be able to continuously monitor the health of your extended supply chain against six risk factors.
Recognizing who your critical sub-tier suppliers are and in which countries they operate in is really crucial. Remove suppliers on the denied entities lists, even in sub-tier suppliers. Also, eliminate ESG risk from suppliers and sub-tier suppliers. By using AI and machine learning, the Interos’ platform allows one to visualize their supply chain to the nth tier, locating their suppliers and sub-tier suppliers by country, and even down to the voting district level.
No doubt, the Interos platform is the world’s largest business relationship graph. Also, it incorporates the most comprehensive risk scoring methodology that includes a wide range of risk factors, variables, and attributes that look at the firm, country, and industry levels. Therefore, the platform can be accessed in a SaaS application or via APIs that integrate the best operational resilience information into one's procurement, GRC, workflow, RPA technologies, and data lakes. Along with this, the Interos operational resilience cloud maps, monitors, and models the extended supply chain to identify, manage operational, reputational, and compliance risk.
Group Futurista is glad to present to you the opportunity to learn more about the Future of Operational Resilience and the benefits it can entail for your business by joining the 'Future of Operational Resilience' virtual summit with revolutionary keynotes, case studies, and an amazing selection of industry-leading speakers who will come together to share their valuable insights.
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