Veja como você pode antecipar os riscos do fornecedor usando a análise preditiva no fornecimento de fornecedores.

Supply Chain Risks can take various forms like: 1.Business Continuity Planning (BCP),2.Location,3.Sourcing,4.Financial,5.Geo-Political,6.Socio-Economic,7.Currency Exchange How much a Corporate can absorb risk depends upon the Risk Appetite. Risk Appetite determines whether the Corporation intends for strategies like: Risk Avoidance,Mitigation,Absorption. The Risk Mapping creates a risk profile for each supplier based on various risk factors for each locations / countries. Proactive Mitigation through Predictive analytics helps predicting risk factors basis set threshold. Data sources for financial like D&B. AI enabled SaaS Risk Management platforms - Resilinc,Risk Insights with API to Org's ERP, can support Organizations from catastrophy.

Start by identifying and mapping out potential risks across your supply chain, such as geopolitical instability, economic fluctuations, or supplier financial health.

Here's how predictive analytics can help anticipate supplier risks in sourcing: Data Power: Analyze historical data on supplier performance, market trends, and financial health. Identify patterns that might indicate future issues like delays, price fluctuations, or bankruptcy. Proactive Mitigation: Use these insights to diversify your supplier base, negotiate better contracts with risk mitigation clauses, and develop contingency plans to minimize disruptions before they hit. Early Warning System: Predictive models continuously monitor supplier data, flagging potential problems early on. This allows you to react swiftly and protect your supply chain from unexpected risks.

Predictive analytics helps businesses predict and handle risks with suppliers when buying things. It looks at past data to see how suppliers did before and forecasts how they'll do in the future. This helps buyers find risky suppliers early and fix problems before they happen. It also helps plan how much stuff to buy and when. It looks at new suppliers too, to make sure they're good. By using predictive analytics, buyers can keep their relationships with suppliers strong and make their supply chains work better.

It´s necessary to apply S&OP (Sales and operation planning) to check the Supply chain from its start. Analyzed every step, forecast, current resources, inventory, and purchase orders, the SCM must be enough lean to change its forecast and logistics according to the demand risk and variety of any element; carrying out the effective profit in the whole enterprise.

Predictive analytics in supplier sourcing enables anticipation of supplier risks by leveraging diverse data sources. These may include historical supplier performance, market trends, economic indicators, geopolitical factors, and social media sentiment analysis. By integrating these sources, organizations can forecast potential disruptions, such as supply chain bottlenecks or supplier bankruptcies, allowing proactive risk mitigation strategies and ensuring continuity in the sourcing process.

According to my experience, it´s necessary to check your data sources, people accountable for them, and metadata (how non-structure data is connected). After making sure that your data is liable, you have to put checkpoints (warning alarms or other kinds of lights) that serve you as a support to choice the best frameworks.

Data Source: Leveraging AI technology and data from sources like LinkedIn, companies can gather comprehensive information on suppliers' performance, financial stability, and industry trends.

Gather relevant data from various sources, including historical supplier performance, market trends, news sources, and economic indicators.

Para anticipar riesgos de proveedores de manera efectiva, TechSensia combina datos internos de rendimiento histórico con datos externos enriquecidos a través de nuestra red global. Incorporamos insights de inteligencia de mercado y evaluaciones de crédito proporcionadas en tiempo real por nuestras plataformas de IA, lo que nos permite obtener una imagen clara y actualizada de la salud y fiabilidad de nuestros proveedores.

In today's volatile markets, predictive analytic models are invaluable for navigating uncertainties. Leveraging past data, they offer insights to shape future action plans. As global conditions shift, post-pandemic realignments demand adaptable strategies. Regularly updating and refining these models is essential for staying agile and resilient in a rapidly evolving landscape.

Predictive analytics can be a powerful tool in anticipating supplier risks during the sourcing process. By analyzing historical data, market trends, supplier performance metrics, and external factors such as economic indicators or geopolitical events, predictive models can forecast potential risks. These risks could include supplier financial instability, quality issues, delivery delays, or even geopolitical tensions affecting the supply chain. By identifying these risks in advance, businesses can proactively mitigate them through strategies such as diversifying suppliers, renegotiating contracts, or implementing contingency plans.

Los modelos analíticos y el análisis predictivo juegan un papel crucial en la anticipación y gestión de riesgos de los proveedores en el abastecimiento de una empresa, debido a que te ayudan a: -Identificar Patrones y Tendencias. -Predecir Problemas Potenciales: Mediante el uso de algoritmos y técnicas de análisis predictivo, es posible prever problemas potenciales. -Evaluar Riesgos. -Optimizar Decisiones: Con la ayuda del análisis predictivo, los equipos de abastecimiento pueden tomar decisiones más informadas y estratégicas. -Mejorar la Resiliencia de la Cadena de Suministro. En resumen, los modelos analíticos y el análisis predictivo son herramientas poderosas que permiten anticipar y administrar de manera proactiva los riesgos.

Analytics Model: Employing advanced analytics models allows businesses to analyze vast amounts of data and identify patterns, trends, and potential risks.

Utilize advanced analytics techniques, such as machine learning algorithms, to analyze the data and identify patterns, correlations, and potential risk factors.

Risk indicators are specific metrics or signals that provide insight into potential risks within a particular context, such as supplier sourcing. These indicators help organizations monitor and assess the likelihood or impact of various risks so that they can take timely and appropriate actions to mitigate them. 1. Financial indicator 2. Operational indicator 3. Market indicator 4. Quality Indicator 5. Compliance Indicator By defining and monitoring relevant risk indicators, organizations can enhance their ability to anticipate, assess, and respond to supplier risks effectively in the sourcing process.

Predictive analytics in supplier sourcing allows proactive identification of supplier risks. By analyzing historical data, market trends, and supplier performance metrics, potential risks such as financial instability, delivery delays, or quality issues can be anticipated. Key indicators include payment history, market volatility, and supplier reputation. Early detection enables preemptive measures like diversifying suppliers or renegotiating contracts to mitigate risks and ensure a stable supply chain.

Identify the risks based on requirements like critical part availability, lead time, delivery reliability, compliance with ESG standards, quality control measures- monitor these to mitigate and reduce the impact.

Predictive analytics helps identify supplier risks by analyzing data, market trends, and supplier metrics. It can forecast issues like financial instability, quality problems, delivery delays, or geopolitical tensions, enabling proactive mitigation through diversification, contract renegotiation, or contingency plans. Risk indicators are metrics that offer insights into potential supplier risks, such as financial health, operational reliability, market volatility, product quality, and compliance. Tracking these indicators allows companies to anticipate and respond to risks, ensuring a more resilient supply chain.

Risk Indicator: Establishing risk indicators enables companies to proactively monitor supplier performance and detect early warning signs of potential issues.

Actionable Insights: Through data analysis, companies gain actionable insights that inform decision-making, enabling them to optimize supplier selection and negotiation strategies.

Leveraging predictive analytics in supplier sourcing empowers proactive risk anticipation. By analyzing historical data and market trends, actionable insights emerge, aiding in early identification of potential risks. For example, algorithms can forecast supplier performance based on past behavior, flagging deviations that may signal future issues. Integrating external factors like geopolitical events further enhances predictive accuracy. This data-driven approach enables preemptive mitigation strategies, safeguarding against disruptions and optimizing supplier relationships, thereby fortifying resilience in the sourcing ecosystem.

Utilizando el análisis predictivo, TechSensia convierte datos complejos en estrategias claras y ejecutables que mejoran la toma de decisiones en la selección y manejo de proveedores. Esto no solo previene interrupciones en la cadena de suministro, sino que también nos mantiene competitivos en un mercado global en constante cambio.

Gather historical data on supplier performance, market trends, and economic indicators to inform predictive models. . Risk Identification: Use predictive analytics to identify potential risks like supplier insolvency or supply chain disruptions, and prioritize mitigation strategies. . Supplier Selection: Leverage predictive analytics to select suppliers based on their risk profiles, ensuring a more resilient supply chain. . Analyze historical pricing data to negotiate better contracts and identify alternative sourcing opportunities, reducing supplier risks. . Continuous Improvement: Refine predictive models as new data becomes available, enabling proactive responses to emerging supplier risks and optimizing the supply chain.

Todo processo nasce mediante uma necessidade que por sua vez vai passando por mudanças e aprimoramentos. Com isso conseguimos identificar ajustes que tornam aquele processo mais eficaz e confiável. Desta forma, a melhoria é contínua pela busca do melhor resultado. Com o refinamento da base de dados conseguimos melhorar a cadeia de fornecimento mitigando os riscos envolvidos e tornando o processo mais dinâmico e eficaz.

La mejora continua es fundamental en la anticipación de riesgos de proveedores mediante el análisis predictivo en el abastecimiento de proveedores ya que: -Recopila Datos Históricos que proporcionan una base sólida para análisis. -Identifica Mejoras Potenciales como la optimización de procesos, implementación de tecnologías innovadoras y diversificación de la base de proveedores. -Analiza Tendencias emergentes en el desempeño de los proveedores y los riesgos asociados, esto podría indicar la necesidad de tomar medidas preventivas para mitigar estos riesgos en el futuro. - Desarrolla Modelos Predictivos que estimen la probabilidad y el impacto de diferentes riesgos de proveedores. - Implementa Acciones Correctivas.

TechSensia ve el análisis predictivo como un proceso continuo. A medida que recopilamos más datos y perfeccionamos nuestros modelos, nuestra capacidad para anticipar y reaccionar a los riesgos de proveedores se vuelve más sofisticada, ayudando a construir una cadena de suministro resiliente y adaptable a la naturaleza dinámica de los mercados globales.

Incorporating the data till your last tier n supplier and linking it with your predictive model will provide great insights what is going deep down that needs to be addressed before it blows out of proportion

Each industry supply chain is unique, so tailor the strategy to your specific context. By building strong supplier relationships and diversifying sourcing or multi sourcing, you’ll minimize risk in your supply chain process.

From my experience I am skeptical in how effective using predictive analytics in supplier sourcing can be in a real-life scenario to anticipate supplier risks. In a majority of supplier sourcing exercises I don't expect multiple vendors to give the data required to build an effective model. This could be bias based on my supplier engagements where we are constantly building building new devices and it's impossible to ask for historical data for a product that's never been built before. For products that have historical data it might be possible but I still think difficult for a model to predict future risks effectively given the so many variables that can effect supplier risks.