DIGITAL PROCUREMENT
“ Having shipment visibility allows us to better prioritise risks because we can , for instance , than understand if , say , a labour strike at a seaport or a supplier is actually relevant for our customer ”
HARALD NITSCHINGER CO-FOUNDER AND MANAGING DIRECTOR , PREWAVE
What we need as a starting point is just the basics , a list of suppliers that our customers would be interested in monitoring . Everybody has that to some degree . The difficulties lie in gaining visibility on the end-to-end supply chain , down to the raw material . But the first tier of direct suppliers is normally not an issue and it ’ s all we need to get started .
“ When we work with customers , we onboard them and within weeks , they will be ready to receive risk alerts and start monitoring . And therefore the barrier to entry is extremely low . Where other sustainability solutions rely on supplier assessments and other supplier-provided inputs , the Prewave solution at its core relies on public data . This means our customers don ' t need to ask for permission or cooperation from anybody . They can just start . And therefore , it ' s one of the first steps a company can take into the sustainability and risk management landscape because it ' s the first level of transparency .
48 June 2021