Risk

Sourcemap Included in Spend Matters’ latest SolutionMap Analysis

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Sourcemap’s technology solutions are among those ranked in the Spend Matters’ Q4 2018 SolutionMap Analysis posted this week. This quarter marks the first time Sourcemap has participated in the SolutionMap. We are proud of how Spend Matters’ analysts rated our services, and we look forward to users having an impartial view of how Sourcemap matches-up against other providers.

 Through powerful technology and intuitive software, Sourcemap brings radical transparency to industries that have long-struggled to track the origins of their ingredients, materials and parts. We follow supply chains around the world, down to the exact farm, mine, or factory where it all starts. Our customizable platform then handles the data collection and modeling for any operational, risk, compliance, or sustainability goal.

Spend Matters’ SolutionMap analysis is a comprehensive and highly detailed process. To participate, Sourcemap completed an extensive survey about our company, customer demographics, and solutions. Our customers submitted wide-reaching references to validate our performance.  The Sourcemap team also presented a 90-minute demonstration of our services and what they are able to achieve.

 “We set out to develop a more useful approach to ranking solution providers to reflect customer experiences, market developments and innovation. SolutionMap is the culmination of our efforts,” said Jason Busch, Founder of Spend Matters and Lead Solution Analyst.

 Through SolutionMap, procurement professionals are empowered with information to identify the best potential providers for their needs. Customizable “buying personas” allow users to search vendors based on criteria that match their procurement challenges.

 As a globally-recognized innovator in supply chain mapping, Sourcemap expects to stand-out among other providers. Our end-to-end supply chain traceability enables brands to manage risk and leverage opportunity, even in the sub-tiers of their supply chains. Sourcemap’s software can be quickly deployed without concerns about interoperability. And our service-oriented approach helps customers measure gains in sustainability and impact in raw materials that are impossible to manage in conventional systems.

 Our team is confident that through Spend Matters’ expert analysis, Sourcemap will find its way on many customers’ shortlists, and ultimately be selected as their provider of choice. 

How will global warming affect your supply chain? Introducing climate change heat maps (and rain maps)

Climate Change Heat Maps on Sourcemap the Supply Chain Mapping Software

Global warming is expected to have widespread impact on agriculture and our ability to feed ourselves. But making sense of the risk is difficult: climate change will affectΩ regions in different ways, and combinations of temperature and precipitation will impact specific crops in ways that are sometimes counterintuitive. Combining data from the WRI and the Climate Change Knowledge Portal, our software is helping brands find out which issues are going to become relevant in the short term. Based on the industry, the product, and the region, those issues become benchmarks that help to prioritize action for maximum impact.

The image above shows two heat maps: anticipated climate and precipitation change by 2100. As an example, some parts of the continental US can expect warming of 5°C (9°F), and others can expect 200mm (8") more annual rainfall by 2100. The data from the layers visible above is combined with industry-specific water risks, groundwater health, and other issues (including protected areas) to derive an overall risk for specific farms and for brands as a whole.  Want to learn more? Click below for a demo:

Emerging networking and collaboration tools transform real-time data from global suppliers into vivid, multitier supply chain maps.

The devastating tsunami and subsequent nuclear accident that rocked Japan in 2011 brought the complexity and vulnerability of global supply chains into sharp relief. Across the globe, the automobile, electronics, chemical, and retail sectors, among many others dependent on Japanese output, were faced with unprecedented disruption of their supply chains.

At the time, few of the affected organizations had sufficient visibility into their supply chains to plan for, or respond effectively to, a disruption of this magnitude. “Global companies can have hundreds of thousands of suppliers,” says Leonardo Bonanni, Ph.D., CEO of Sourcemap, a provider of web-based supply chain visualization solutions. “Yet most cannot interact with these suppliers in real time.”

Read the full article here