Spend Matters has named Resilience360 one of the “50 Procurement Providers to Watch for 2019,” an annual list of firms bringing exciting and innovative solutions to the market. Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Vendors listed on the 50 Providers to Watch lists were independently selected by Spend Matters’ analyst team based on each provider’s merits, as well as internal debate.
“In all key solution areas, procurement providers are refining and expanding their capabilities faster than before,” says Jason Busch, Founder and Managing Director at Spend Matters. “Spend Matters continues to cover this rapid evolution of technology and solutions.”
Resilience360 is an innovative supply chain risk management platform that helps businesses predict, assess and mitigate the risk of supply chain disruptions, which is vital for the global procurement process. Resilience360’s risk mitigation tools can provide procurement organizations with the information they need for supply chain visualization, trade compliance and to help provide near real-time monitoring of incidents that disrupt suppliers.
“Proper procurement management is vital—an organization can end up spending over half of its revenue on purchasing goods and services to fulfill its business model,” said Tobias Larsson, Chief Executive Officer, Resilience360. “R360 was actually created initially within the logistics world but is increasingly being used to mitigate and manage supplier risk, so we appreciate the validation from Spend Matters. Knowing that almost 50 percent of disruptions occur below the ‘first tier’ of suppliers, our solution is well positioned to help procurement professionals model their networks and get in a more proactive mode when it comes to managing risks that impact the global supply chains of today.”
In March, Resilience360 released its first annual Risk Report, which outlines the Top 10 Supply Chain Risks for 2019— a summary of threats that deserve particular attention during 2019 and beyond. In addition to global risks, like international trade tensions and the growing impact of climate change, the Risk Reportis designed to provide the intelligence needed to help organizations re-evaluate their specific risk strategies and adapt their networks accordingly.
