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Explore the latest updates to Resilinc’s supply chain risk management solutions, including the Disruption Vulnerability Index (DVI), ESG assessment and more.
At Resilinc, we constantly innovate our supply chain risk management solutions to meet our customers’ evolving needs—it’s part of why we’re The Gold Standard for Supply Chain Resilience. So far this year, we’ve rolled out several exciting updates across EventWatchAI, Multi-Tier Mapping, and RiskShield.
These updates are helping organizations in industries like Automotive, Healthcare, High-Tech, and Government proactively manage supply chains, communicate with suppliers, and fortify supply chain resilience. Let’s explore the latest updates to Resilinc’s supply chain risk management solutions including enhancements, bug fixes, and new features.
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Accelerate Disruption Mitigation
Using the enhanced supplier event response workflow, centralized supplier event dashboard, and new quick event impact confirmation functionality, Resilinc customers can accelerate disruption mitigation.
Enhanced Supplier Event Response Workflow
Suppliers will now have an enhanced user experience when responding to events without logging in through an updated Event Response page. Specifically, suppliers can now respond to multiple customers at once, eliminating the need to repeat multiple steps. Additionally, they can add files as attachments, making it easier for registered and non-registered suppliers to respond to events with meaningful information quickly.
Centralized Supplier Event Dashboard
This new, centralized dashboard ensures suppliers can access all the information they need to understand and respond to events, including filters that enable suppliers to quickly identify actionable events.
Quick Event Impact Confirmations
We have also added new functionality to enable suppliers to quickly respond to an event as “Not Impacted” and send that response to all associated customers in under 30 seconds.
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Proactively Prevent Disruptions
We’ve rolled out several major features to help our customers proactively prevent supply chain disruptions. These include a new index for measuring supplier vulnerability to disruptions, a new customizable ESG assessment in our library, and new what-if impact confirmation for streamlined communication with suppliers.
The Disruption Vulnerability Index (DVI) 2.0
Resilinc’s Disruption Vulnerability Indexes (DVI) 2.0 are a way for companies to measure a supplier’s vulnerability to disruptions. These indexes use predictive AI to help companies quickly assess vulnerability with a rating from one to ten—with zero being the lowest and ten being the highest. Supplier’s vulnerability can be measured across six different risk areas: operational, cyber, environmental, financial, compliance, and social geopolitical.
Following recent algorithm updates in version 2.0, the DVI can now identify patterns and forecast events with a high likelihood of recurrence for specific suppliers using predictive AI—making it more predictive. The DVI then uses this data to make more accurate predictions about current supply chain disruptions—providing a complete picture of risk.
Learn more about this supply chain risk management solution in our blog: Resilinc’s Disruption Vulnerability Index (DVI) Predicts Supplier Risk Exposure
ESG Assessment
Resilinc’s ESG risk assessment is the latest addition to our Supplier Assessment Library. This centralized library houses numerous assessments from cybersecurity to business continuity planning (BCP). While the library already contains specific assessments for ESG legislation—such as the Uyghur Forced Labor Prevention Act (UFLPA) and the German Supply Chain Due Diligence Act—this ESG risk assessment serves as a broader rating for overall ESG risk.
After collecting ESG assessment responses, Resilinc will run analytics to highlight high-risk areas, calculate risk scores, and anticipate trends so companies can save valuable time and resources. This refined and ready-to-use data will then be available from a centralized dashboard, providing a quick view of where suppliers are at in their ESG journey.
Learn more in our blog: Uncover Supplier ESG Risk with Resilinc’s ESG Risk Assessment
What-If Impact Confirmation
Admin customer users can now request an impact confirmation from suppliers for WarRooms created via What-If Analysis. This enables customers to plan proactively for potential events in collaboration with their suppliers so that they are better prepared to act in the case an event occurs.
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Reduce Time to Monitor and Manage Risks
More lead time means more time to mitigate supply chain disruptions. With the addition of the following features, our customers can reduce the time it takes to monitor and manage supply chain risks.
Ability to Adjust Site Selection for Impact Status
In the Mobile App, Suppliers can now define impact status confirmations at the site level when responding to an event as “Not Impacted”.
Supplier Attachments
Suppliers can now add attachments to event responses in the mobile app, enabling a more streamlined communication workflow for event impact confirmation.
Improved WarRoom Updates
A new column has been added to all WarRoom grids that display the date the WarRoom was last updated, enabling customers to easily track and prioritize them for response and resolution. A WarRoom is updated if a new region or site is added, or if a supplier or customer confirms impact. (Note: a WarRoom with these updates will move back to the top of the list of WarRooms.)
Enhanced Multi-tier Data Load Capabilities
We have enhanced the data upload process to allow customers to add sub-tier sourcing data directly through the Customer Data Input File (. This feature allows customers to directly map sub-tier suppliers and parts up to tier 10, without requiring them to wait for supplier-provided data. This enables them to experience the value of sub-tier visibility much sooner.
Protect Revenue, Cash Flow, and Service
With our new customer-defined revenue and spend thresholds and the upgrade to the Geographic Hotspots Dashboard, customers will have more resources to protect revenue, cash flow, and service.
Customer-defined Revenue & Spend Thresholds
Customers may now define their own revenue and spend thresholds in settings to differentiate between low, medium, and high metrics. This allows customers to align the Analyze Risk dashboards to their business metrics and enable more effective analysis.
Geographic Hotspots Dashboard Upgrade
The revamped Geographic Hotspots dashboard provides a more performant user experience. It includes new features such as contextual insights to help provide immediate information on potential areas of focus for addressing risk in the supply chain.
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Driving Innovation in Supply Chain Risk Management Solutions
Resilinc’s supply chain risk management solutions are helping companies shift their strategies from reactive to proactive. Instead of simply responding when supply chain disruptions strike, Resilinc customers are able to fundamentally strengthen their supply chains, making them antifragile and adaptable in the face of future disruptions.
Want to see how Resilinc’s supply chain risk management solutions can help your company? Schedule a demo today to see how you can harness Resilinc’s AI and data-backed solutions to respond to disruptions quickly and mitigate risk.
