How Prevention Works

Prevention Facts

Prevention is essential

We all use prevention as the primary way to manage personal and professional risks. Doctors and patients, for example, talk about preventing heart attacks, not about reacting quickly after they happen.

So why is it that risk programs tend to focus on quick reaction and buffer stock, instead of on preventing supply disruptions?

73% of manufacturers lack key risk protections

Almost 3/4 of suppliers new to SRS are missing specific risk protections proven effective in preventing disruptions.

Supplier risk prevention cuts disruptions

Production sites have 60% less production disruptions when they put specific risk protections in place.

In other words, most supply disruptions are preventable by getting suppliers to take specific risk prevention actions.

SRS Improves Supplier Risk Prevention

DMAIC (Define, Measure, Analyze, Improve and Control) is a data-driven methodology expressly
designed for managing organizational improvement.

SRS uses DMAIC to actively manage risk prevention actions tailored to each supplier site.

KEY TO RISK PREVENTION

Improvement programs must be:

  • Measurable: quantify original capabilities, identify defects,
    and set objectives
  • Predictive: statistical models predict output improvement
    when objectives are achieved

SRS identified a specific set of Key Risk Predictors™ (KRP) of production disruptions. Suppliers with high KRP scores are 500% more likely to suffer production disruptions than better prepared peers in the same area.

Quantify supplier Key Risk Predictors™ (KRP):

  • Suppliers complete a predictive assessment in a secure
    SRS website and respond to disaster impact surveys
  • SRS adds risk data from many public and private data
    sources

Assess Sourcing risks:

  • Calculate supplier KRP’s vs peers
  • Analyze risk trends by geography, sourcing category,
    risk types, etc.
  • Plan for unlimited “What if” scenarios

Supplier risk prevention improvements must
be actively managed:

  • Assign effective site risk prevention actions
  • Ask for commitment
  • Help suppliers with free training, templates, and
    support
  • Track & follow-up on prevention actions

Ensure that suppliers’ prevention programs stay active:

  • Enforce accountability for prevention actions and
    due dates
  • Ask suppliers to refresh data periodically

Only SRS actively manages risk prevention over an unlimited number of supply chain sites

(US Patents 8515804 and 10853754)

What’s Under the Hood

SRS Predictive Risk Prevention™ is our suite of unique technologies that use AI prediction and DMAIC
prevention workflow to increase the resilience of your suppliers to production disruptions.

Prevention ML™

Machine Learning-based risk
statistical models operate on
millions of supply chain records
to predict site disruptions and identify the most effective prevention actions for each site.

Prevention NL™

Prevention Natural Language™
AI generates reports and alerts in
an easy-to-understand narrative analysis format that explain risks
to risk experts and non-risk
peers alike.

Prevention
DMAIC Workflow™

Manages risk prevention across an unlimited number of
supplier sites, tailored to each site’s unique situation.

Prevention MA™

Prevention Media Analytics™ AI evaluates over three million
media articles worldwide every
day and alerts you to significant incidents.

Dramatically Cut Supply Disruptions

Median Customer Experience

84%

of suppliers provide all required data

64%

of suppliers improving or compliant

SRS is the only software to actively manage supplier risk prevention.

SRS individually tailors risk assessment, prevention actions and training to each site, and manages improvements using Six Sigma’s DMAIC methodology.

THE RESULT:

You measurably reduce supply disruptions while saving your team massive efforts.

Try it
Schedule a Demo