Sphera, a provider of ESG performance and risk management software, announced November 15 that it had launched its Supply Chain Risk Management (SCRM) Commodity Risk Tracker (CRT) tool, providing businesses with information regarding potential supply chain and commodity disruptions.
Sphera said its CRT tool gives businesses information regarding lead times for sourcing raw materials, provides analysis of risk events, identifies when suppliers gain access to master data and offers real-time data on potential supply chain disruptions.
“Having visibility into critical commodities on a global scale is one of the most complex and pressing challenges in supply chain risk management,” said Paul Marushka, Sphera’s CEO and president. “The solution provides companies with real-time insights on potential threats to their commodity supply so they can make data-driven decisions to quickly mitigate risk. This empowers organizations to become more proactive as they gain significant lead-time advantages over their peers, protecting their top- and bottom-line results and avoiding reputational damage.”
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