Prewave monitors your suppliers throughout the internet and creates risk alerts .
DIGITAL PROCUREMENT
on board to collaborate with them and to also bring their suppliers on board . So it ' s really a rolling model of invitations and of collaboration that emerges within supply chains . We have currently thousands of active suppliers on Prewave commenting on risks that are happening at their facilities . And those companies can bring on their suppliers which really allows you to map your supply chain on a deeper level ,” says Nitschinger .
State of the Art AI Provides Actionable Insights Smith gives us the details . “ The core technology that is behind Prewave uses state of the art AI and natural language processing , and I think this is where we really are different from any other solution on the market . The alerts we ' re generating are machine-generated . This is where machines have a lot more of an edge compared to humans of course when it comes to reading terms of use and social media data every second . And we do this in 50 different languages , and by analyzing text in local languages , that is where we can also find further risks , with say , suppliers in name because we allow customers to stay ahead of the curve and not be surprised by risks , but rather identify them and react to mitigate the impacts as soon as possible .”
Supply Chain Mapping : Gaining Transparency You can ’ t manage what you can ’ t see . Supply chain mapping is essentially the first task in garnering greater supply chain visibility to allow for more in-depth risk management efforts , and it can be a herculean task all on its own . Prewave can help , streamlining and automating the process .
“ Another very critical element of the Prewave solution is that it allows our customers to invite their suppliers to come
Prewave monitors your suppliers throughout the internet and creates risk alerts .
Kärchers is now monitoring all suppliers in real-time , in fifty different languages and using millions of media sources powered by Prewave ’ s AI . Prewave ’ s Disruption Map allows a global supplier status overview with easy visual tracking of suppliers using a simple traffic light system .
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