SFERA is a tool built within our powerful automation platform, Flowis. It is an expert system that provides organizations with deep insights into the creditworthiness and financial health of their suppliers.
Understanding Supplier Risk Management
Supplier risk management involves identifying and mitigating potential risks associated with suppliers, such as disruptions in the supply chain, financial instability, quality issues, or dependency on a single supplier.
While cost savings are a key reason companies outsource, financial risk can threaten business operations if suppliers experience financial difficulties. Identifying, assessing, and mitigating these risks can be challenging. SFERA can make it more efficient and easier for businesses.
If you want to know more about Flowis and our solutions, visit our website or contact us via email.
