Drawing on the LexisNexis storehouse of global news content and proprietary risk-event tagging, SmartWatch algorithms identify and score concerns about an organization's suppliers and supply-management partners, based on each company's unique risk profile. It then draws on a set of information-visualization techniques to help users monitor thousands of suppliers for disruptive events that might affect the supply chain. SmartWatch pre-defines, scores and categorizes hundreds of risk events into six "PESTLE" categories - for Political, Economic, Societal, Technical, Legal and Environment - used by supply-management professionals to manage suppliers. The product assesses the supplier company, its location and industry. Users click on a color-coded cell to view news events that have generated the risk score. Only risky events are identified. Results come from more than 26,000 global news sources, LexisNexis said.
Read Full Article
Timely, incisive articles delivered directly to your inbox.