SupplyShift is a secure, cloud-based enterprise supply chain management platform for companies with many suppliers to reduce risk and enhance visibility and responsibility in supply chains. SupplyShift encourages competition and information sharing to drive visibility and responsibility improvement. Buyers collect and analyze supplier information and risk profiles through SupplyShift, while suppliers get a dashboard that tells them where they stand compared to their industry peers. Buyers gain access to more responsible suppliers through the cloud-based sharing of information, and suppliers can access information about how to improve.
Key features of SupplyShift:
>> Provides a system to collect multi-tier supply chain information based on custom scorecards or existing standards. >> Enables buyers to flexibly analyze information collected from suppliers. >> Incentivizes competition among suppliers to drive supply chain improvements by making anonymous supplier scores visible to all suppliers within a sector or product category. >> Facilitates supplier improvement by providing a system for suppliers to share information about best practices and actions taken to reduce impact. >> Expands options for responsible sourcing by allowing buyers to compare their own suppliers with anonymous scores of other suppliers in the system within the same sector or product category. >> Improves data quality: (a) buyers use internal algorithms to identify outliers; (b) suppliers upload and buyers view documentation and verification information; (c) buyers can contract third party verification of data at an additional cost.