Avetta, a provider of supply chain risk management software, is launching an intelligent supplier classification tool in order to pair different suppliers based on the safety and certification requirements for the services they offer. The new process, an addition to Avetta Connect platform, will be available in early April.
“The Avetta Connect platform is unique because it manages a broad number of suppliers across a very diverse set of industries,” said Taylor Allis, Chief Product Officer of Avetta. “To scale the digitization of our clients’ supply chain risk management programs, we need to deliver new ways to intelligently automate the classification and management of supply chain vendors. Avetta Connect’s newest features enable clients to automatically map compliance requirements to companies based on their attributes on a global scale.”
Through the new tool, suppliers are brought through a registration process where they are classified by risk level based on their company type, industry and form of work. Companies can then configure their compliance and pre-qualification requirements in the Avetta platform for all supplier types, classifications and new risk levels. Suppliers are then are mapped to the right services where they complete evaluation questionnaires, provide relevant performance indicators and upload supporting documentation to complete their onboarding process. Finally, suppliers are evaluated against the right compliance standards based on location, local laws, industry, work type and client requirements to ensure safer and more sustainable working conditions.
With Avetta Connect’s enhanced analytics, clients have access to statistics, incident records, history and performance indicators, and can create configurable dashboards to gain visibility down to the employee level for specific job roles and work location.
Avetta offers a configurable SaaS-based solution that assists organizations – both large and small – in managing supply chain risk across a variety of disciplines. Avetta is building the world’s most intelligent supply chain risk management network to advance clients’ safety, resilience and sustainability programs. Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. Avetta currently serves more than 450 enterprise companies and 100K suppliers across 100+ countries.
Timely, incisive articles delivered directly to your inbox.