riskmethods is particularly strong at supply chain threat assessment (and includes capabilities designed to minimize false positives and avoid false negatives) and the provider has increasingly been building out capabilities to help organizations assess impact and take action to mitigate and manage risk elements in manufacturing supply chains.
Procurement organizations have been the primary customers of the solution to date. Secondary users include operations/supply chain, corporate social responsibility (CSR) and insurance departments within organizations. Customers using riskmethods can start benefiting from the solution within days of signing an agreement with the provider (although it becomes increasingly more valuable the more users interact with it and configure/upload more granular information).
This Spend Matters PRO vendor snapshot explores riskmethods’ strengths and weaknesses in supply chain risk management area, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor as a potential provider. Part 1 of our analysis contained a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider riskmethods. The remaining parts of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.