Craft

Craft helps companies create resilient supply chains by streamlining supplier risk assessment. It offers a broad, 360-degree view of the supplier ecosystem so customers can make better decisions, avoid disruptions and improve supply chain performance.

Craft's platform offers three main services:

• Supplier Intelligence: A way to vet direct and indirect suppliers in detail, producing a unified company profile, side-by-side comparisons and advanced search so customers can have confidence in the data they're using for procurement and supply chain decisions.
• Supplier Risk Management: A way to assess potential problems and disruptions in real time, with a centralized risk dashboard, sophisticated alerts and customizable risk assessments that can be tuned to a company's specific needs.
• Supply Chain Risk Management: A way to assess suppliers across multiple tiers, set up customizable alerts and use integrated collaboration tools to try to head off disruptions and make decisions in time.

Among its features:

• Risk Categories: More than 500 data points across categories like cybersecurity, environmental and social governance, financial, geopolitical, operational and regulatory and compliance.
• Collaboration Workspace: A way to communicate and manage cases across teams and departments.
• Advanced Search: More than 25 filters for assessing and comparing suppliers.
• Portfolio Check: A way to evaluate a group of suppliers and make data-driven decisions.

Customers can assess and respond to risk and ensure compliance with features like advanced alerts and centralized case management. Craft's goal is to help companies improve supply chain resilience by giving them timely insights and better collaboration across procurement.

Pricing is based on customers' data priorities, required features and the number of suppliers. Craft offers modular, flexible options that can be combined to meet different business needs.

Craft is geared for companies that want to assess supplier risk proactively and improve supply chain resilience. It can help companies build stronger supplier relationships and avoid disruptions. Craft is best suited for companies that want a unified, integrated supplier intelligence and risk assessment service.

Published on July 3, 2024