Mitigating supply chain interruption due to COVID-19 will be vital for global procurement teams moving forward in 2020

We would like to support our procurement community by making sure they are fully prepared under these unprecedented circumstances by sharing with them complimentary access to our COVID-19 Supply Impact Analysis Report.

Join Us For A Free Assessment Of Your COVID-19 Supply Chain Risk

If you are a procurement leader or part of a procurement team and need help assessing the impact COVID-19 is having on your supply chain, we are here to help and would love to share some actionable strategies with you.

During This Assessment We Will Review How You Can:

  1. Identify Regions With Potential Supply Risk
  2. Analyze Specific Supply Market Risk Factors 
  3. Execute Recommended Risk Mitigation Strategies

Mitigating supply chain interruption due to COVID-19 will be vital for global procurement teams moving forward in 2020

We would like to support our procurement community by making sure they are fully prepared under these unprecedented circumstances by sharing with them complimentary access to our COVID-19 Supply Impact Analysis Report.

Join Us For A Free Assessment Of Your COVID-19 Supply Chain Risk

If you are a procurement leader or part of a procurement team and need help assessing the impact COVID-19 is having on your supply chain, we are here to help and would love to share some actionable strategies with you.

During This Assessment We Will Review How You Can:

1. Identify Regions With Potential Supply Risk

2. Analyze Specific Supply Market Risk Factors 

3. Execute Recommended Risk Mitigation Strategies

Mitigating supply chain interruption due to COVID-19 will be vital for global procurement teams moving forward in 2020

We would like to support our procurement community by making sure they are fully prepared under these unprecedented circumstances by sharing with them complimentary access to our COVID-19 Supply Impact Analysis Report.

Join Us For A Free Assessment Of Your COVID-19 Supply Chain Risk

If you are a procurement leader or part of a procurement team and need help assessing the impact COVID-19 is having on your supply chain, we are here to help and would love to share some actionable strategies with you.

During This Assessment We Will Review How You Can:

  1. Identify Regions With Potential Supply Risk
  2. Analyze Specific Supply Market Risk Factors 
  3. Execute Recommended Risk Mitigation Strategies

We Identified The Top 13 Factors Most Likely To Increase Supply Risk Associated With COVID-19

Categorizing Each Into The Following Groups

  • Production Risk - relates to items that cannot be produced because workers are unable to attend their place of work, essentially factory closures.
  • Excess Demand - affects items that are seeing a huge increase in demand over their normal levels; the obvious contenders are PPE, cleaning supplies and of course, toilet paper.
  • Supply Chain Delay - categories that may suffer delay at customs borders due to over-burdened demand or reductions in workforce impacted availability of duty officers, haulers, drivers and so on.
  • Travel Restrictions - apply to those categories where your suppliers’ staff are impeded from doing their work, potentially on your sites or at their own sites, that prevent them from continuing to provide those services.

Using The Insights Gained From This Analysis Our Current Customers Are Taking Action On

  • Reaching out to high to medium impact suppliers on their COVID-19 response plan and assessing the risk.
  • Lining up alternative suppliers from non/low impact regions as a back-up plan.
  • Negotiating prices and delivery commitments 3-4 months out with the intelligence on commodity markets.
  • Engaging with the business unit head/stakeholders to appraise them on the supply risk so that they can manage end customer expectations.

Spend Intelligence

Simfoni Analytics empowers procurement professionals to master the process of optimizing cost efficiency, spend visibility, and strategic sourcing. Simfoni provides an AI powered spend analytics platform acting as your spend intelligence virtual assistant.  Incorporating third-party external data into our spend intelligence, our aim with this COVID-19 Supply Impact Analysis Report is to help procurement professionals of all skill levels take proactive measures to ensure their supply chain is protected and risk is mitigated. Spend Intelligence data related to potential COVID-19 supply chain interruption is collected from multiple sources and refreshed on a daily basis, mapped to our customers’ spend and supply locations, and laid out in a geomap for procurement to analyze the regional, category, department, and user impacts.

Spend Intelligence

Simfoni Analytics empowers procurement professionals to master the process of optimizing cost efficiency, spend visibility, and strategic sourcing. Simfoni provides an AI powered spend analytics platform acting as your spend intelligence virtual assistant.  Incorporating third-party external data into our spend intelligence, our aim with this COVID-19 Supply Impact Analysis Report is to help procurement professionals of all skill levels take proactive measures to ensure their supply chain is protected and risk is mitigated. Spend Intelligence data related to potential COVID-19 supply chain interruption is collected from multiple sources and refreshed on a daily basis, mapped to our customers’ spend and supply locations, and laid out in a geomap for procurement to analyze the regional, category, department, and user impacts.

Predictive Analytics

Recognizing that historical analysis is not of great use under the current conditions, the Simfoni COVID-19 Supply Impact Analysis Report is built to predict the risks of the future. Our predictive spend intelligence algorithm uses the previous years’ data to highlight suppliers who will be used, items that will be purchased, and departments that will be impacted in the upcoming three months. To help convert this insight into action, the analysis also highlights alternative suppliers from non/low-impacted regions for the category, commodity hedging strategy, market price projections, and more. All so procurement can leverage their risk mitigation plan.

Predictive Analytics

Recognizing that historical analysis is not of great use under the current conditions, the Simfoni COVID-19 Supply Impact Analysis Report is built to predict the risks of the future. Our predictive spend intelligence algorithm uses the previous years’ data to highlight suppliers who will be used, items that will be purchased, and departments that will be impacted in the upcoming three months. To help convert this insight into action, the analysis also highlights alternative suppliers from non/low-impacted regions for the category, commodity hedging strategy, market price projections, and more. All so procurement can leverage their risk mitigation plan.

JOIN US FOR A FREE COVID-19 SUPPLY IMPACT ANALYSIS
JOIN US FOR A FREE COVID-19 SUPPLY IMPACT ANALYSIS