Prewave: Vendor Analysis — SCRM solution overview, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis gives an overview of Prewave, a solution built to reduce risks in supply chains. It offers a comprehensive risk assessment product that encompasses various risk dimensions, including operational risks (business continuity) and sustainability.

Organizations must embed risk management in their practices as they navigate a business climate currently defined by increasing risk factors and disruptions, such as supply disruptions, rising costs and declining service levels. It is also more important than ever to understand risks beyond direct suppliers as disruptions often have a domino effect, meaning that an issue at one’s tier 3 or 4 supplier can cascade and impact their company.

Also, sustainability considerations are a growing concern for companies. Understanding an organization's impact requires understanding its supply chain's impact, as it is often the most significant contributor to negative effects on the planet and people. In addition, a growing number of regulations require companies to perform due diligence beyond their direct suppliers.

Understanding operational and sustainability risks in an organization’s supply chain can represent a massive challenge due to the number of elements and data points to collect, analyze and process. Prewave addresses these challenges by providing customers with an exhaustive and configurable solution to manage risks in their supply chains.

This Vendor Analysis provides an overview of Prewave, a look at the competitive landscape, selection tips and an analyst summary.

Here’s why Prewave matters:

To the market — Prewave offers a comprehensive end-to-end solution to manage third-party and supply chain risks that distinguishes itself by covering both operational and sustainability risks.

To customers — Prewave’s customers can monitor and manage risks with a high degree of granularity and depth as the solution can go from entity level down to supply level.

To potential buyers — Prewave understands the challenges that supply chain risk management (SCRM) entails and provides companies with automated capabilities (discovery, scoring, etc.) to get fast implementation and ROI while not adding even more tasks on the shoulders of already very busy teams.