Supply Wisdom

Supply Wisdom is the global services industry’s first ever comprehensive risk monitoring service developed by Neo to proactively identify and report services supply chain risks Monitoring conducted and reported at a Country, City and Third party level Includes quarterly 'Risk Reports’ and ongoing dynamic throughout the year 'Event Alerts' Covers over 50 countries, 100 global cities and 200 third parties currently.

Risk Reports & Event Alerts

The Risk Reports provide a detailed assessment of risks and Neo’s analysis of the risk scenario Each report offers risk profiling, risk ratings and risk mitigation recommendations Quarterly updates continuously highlight the changes to risk scenarios and update the risk rating and recommendations Event Alerts provide quick summaries of real-time events that impact risk scenarios.

How It Works

1. Continuous data collection and monitoring
2. Risk assessment using analytical engine
3. Trends using predictive engine
4. Reporting and guidance

Gather Information

• Data is collected across 350+ individual parameters
• Data is validated from multiple public, private, and semi-private (paid) sources
• Every individual parameter has at least 2 separate sources to ensure accuracy
• Data truth algorithms validate accuracy
• Data inputs to the risk assessment framework are not dependent on third party of location stakeholders providing information

Analyze Information

• Pre-defined algorithms convert data sets to risk scores
• Risk algorithms are driven by risk thresholds and weightings assigned to individual parameters, associated risk categories, and their sub-categories
• Risk thresholds and weightings are based on current market/industry dynamics and trends and are reviewed twice a year to ensure they remain topical and relevant

Report Insights and Analytics

• A risk update report is created with all relevant and related analytics and insights
• The report provides access to raw data sets, risk scores, expert observations, analyst guidance and comparative analytics among multiple third parties and/or locations
• Dedicated analysts track events on real-time for third parties and locations and create alerts as required

Geo-Political and ESG scores are now visible within Legacy Bitsight VRM to prepare you for any potential activities that can impact your business operations, reputation, or financial well being. Simply enter the country of the vendor that you are interested in. The country can be where the headquarters is located or it can be the country you are receiving the services from. We offer high level scoring for a single location per supplier.

Scoring

Over 350 data parameters factor into Supply Wisdom’s Standard Risk Rating computations, the percentage (%) weighting of each Category may vary.

Subscription Benefits

Enhance the value of your platform with a Supply Wisdom license for real-time curated risk alerts, health scorecards, multi-category risk intelligence and API integration.

Supply Wisdom enhances the value of your platform through:

• More Comprehensive Data Feeds
  • Independent, real-time, continuous risk monitoring across the broadest third party and geo location risk categories available
  • 100% curated news feeds with absolutely NO false positives
• Flexibility
  • Choose monitoring across any one, combination of, or all of the six third-party or geo location risk categories based on their specific needs
• Easy Integration
  • Every category, news item, alert, and health score is easily accessible through industry standard API calls
• Risk Intelligence across 14 categories
  • Scorecard data at composite, category, and individual levels
  • Current and quarterly scores for trend analysis.
  • 5-level Risk Rating with color codes for easy visualization of risk.
  • Third Party Risk Intelligence: 6 categories, 125+ parameters

    Third-Party Risk Category	Sample Parameters	Q1 2019		Q2 2019
    Composite Risk		4.68	↓	4.41
    Financial	Revenue, Cash Flow, Profits, Credit Rating	5.03	↓	4.38
    Solutions Maturity	Longevity, Quality Certifications, New Capabilities, Infrastructure, Partnerships, Thought Leadership	7.36	↓	5.70
    People	Hiring Plans, Attrition, Employee Ratings	9.44	⊝	9.44
    Client	Contracts Won and Lost, Customer Satisfaction, Change in Third-Party Rates	2.64	⊝	2.64
    GRC	Regulatory Actions/Compliance, Lawsuits, Irregularities, Government Investigations	4.28	↓	4.10
    Cybersecurity	Data Breaches, Cyber Attacks, Cyber Susceptibility: DNS, Email, Website, Fraudulent Domains, Patch Management	7.50	↑	8.38

  • Location Risk Intelligence: 8 categories, 125+ parameters

    Location Risk Category	Sample Parameters	Q1 2019		Q2 2019
    Composite Risk		5.01	↑	5.02
    Macro-Economic	Credit Rating, Inflation/Consumer Prices, Interest Rates, Currency	2.77	⊝	2.77
    Financial	Labor Cost, Average Labor Cost Growth Rate, Operational Cost, Tax Rates	4.15	⊝	4.15
    Geo-Political	Travel Warnings, Natural Disasters, Government Changes	3.34	↓	3.33
    Infrastructure	Government Support, Power Supply, Internet Speed, Transportation/Traffic	6.31	⊝	6.31
    Business	Ease of Doing Business, Regulatory and Statutory Requirements, International Trade and Logistics	5.13	⊝	5.13
    Legal	Intellectual Property, Data Privacy, Labor Laws, Cybercrime	5.82	↑	5.85
    Scalability	Talent Pool, Attribtion Rate, Language Proficiency, Education	7.23	⊝	7.23
    Quality of Life	Pollution, Climate, Safety, Expat Living	4.81	⊝	4.81

Resources

See example report: Supply-Wisdom-sample-report.pdf

For more information, visit: supplywisdom.com.