Dr . Lisa Smith
Dr . Lisa Smith is co-founder and managing director and focuses on the data science research & development at Prewave GmbH . Dr Smith developed the idea and the technology behind Prewave in her dissertation at the Faculty for Informatics at TU Wien . Harald Nitschinger
DIGITAL PROCUREMENT
“ We work with companies with complex supply chains . Many of our customers have hundreds , if not thousands of suppliers , and they have a level of in-transparency . Their supply chains are complex enough that they cannot manually keep track of what ' s going on within their supply chains on a day-to-day basis . If you think about a company like Volkswagen , tens of thousands of suppliers , how can you possibly keep track of what ' s happening at those companies on a day-to-day basis ? You need an automated system , an artificial intelligence-based system that enables you to get a consolidated risk feed of what is happening at those suppliers in a structured and highly consolidated way .”
“ That ' s why companies like Volkswagen , who of course need to roll this out for tens of thousands of suppliers , choose to partner with Prewave because it ' s actually feasible for them to do it within a short period of time .”
“ We basically support them in reading and understanding huge volumes of data , which are published on social media and news media all around the world in order to figure out what is happening in their supply chain . And then we also help them to collaborate with their suppliers . It ' s not a necessity , but it ’ s a capability our platform has . You can quickly get status updates and feedback from your suppliers on orders and work to resolve the issues .” Mitigating Supply Chain Risk There are many areas of risks and potential threats to your business that lurk within your supply chain . To name only a few , and in broad strokes , risks can include environmental risks , cyber risk , natural disasters , operational risk , product incidents , consumer unrest , financial stress , legal stress ,
Dr . Lisa Smith
Dr . Lisa Smith is co-founder and managing director and focuses on the data science research & development at Prewave GmbH . Dr Smith developed the idea and the technology behind Prewave in her dissertation at the Faculty for Informatics at TU Wien . Harald Nitschinger
Harald Nitschinger , BA is co-founder and managing director and focuses on sales & platform development . Harald has five years of experience in B2B Sales .
political and labour unrest and Corporate Social Responsibility ( CSR ) incidents such as unethical labour , poor working conditions , pollution or contamination .
The landscape of risk is vast , which is why Prewave monitors your supplier base for things like labour strikes , lawsuits , floods , hurricanes , unpaid wages , or perhaps citizens complaining about air pollution or water contamination .
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