Product Overview of Resilinc
Resilinc is a leading provider of supply chain resiliency solutions, offering a comprehensive and innovative platform designed to help companies manage and mitigate supply chain risks. Here’s an overview of what the product does and its key features and functionality:
Purpose and Scope
Resilinc’s primary goal is to enhance supply chain resilience by providing real-time visibility, advanced analytics, and collaborative tools. The platform is tailored to meet the unique needs of various industries, including complex manufacturing, life sciences, high-tech, and government sectors. It helps companies visualize, assess, and manage risks across their entire supply chain network, ensuring business continuity and operational integrity.
Key Features
Supply Chain Mapping
Resilinc enables companies to visualize and understand their end-to-end supply chain networks. This includes mapping supplier manufacturing footprints, subcontractor-owned locations, alternate site locations, and part origins down to the specific manufacturing sites. This feature helps identify key dependencies and vulnerabilities within the supply chain.
Real-Time Monitoring and Alerts
The platform offers 24/7 supply chain disruption event monitoring through its EVENTWATCH solution. This includes real-time risk event monitoring, detailed event visualizations, and dashboards that automatically pull data tied to the mapped nodes in the system. Users receive alerts on potential disruptions, allowing for swift response and mitigation strategies.
Predictive Analytics
Resilinc leverages AI-powered predictive analytics to forecast potential risks and disruptions. By analyzing historical data and trends, the platform can predict delivery delays, price movements, and supply constraints for raw materials and commodities months in advance. This enables companies to develop proactive strategies and contingency plans.
Supplier Risk Assessment
The platform provides tools for assessing the risk profile of suppliers. This includes monitoring supplier performance, financial stability, and compliance with regulations. Resilinc helps companies identify potential risks associated with their suppliers and take proactive measures to mitigate them.
Collaboration Tools
Resilinc’s platform includes robust collaboration tools that facilitate communication between customers, suppliers, and other stakeholders. The WarRoom feature allows for the quick sharing and exchange of critical information such as purchase order details, safety stock levels, and specific part/product specifications. This ensures coordinated response efforts in the event of disruptions.
Multi-Tier Visibility
Resilinc enhances sub-tier supply chain visibility through autonomous AI mapping. This feature integrates pre-existing sub-tier sourcing data into the platform, providing immediate visibility into the sub-tier supply chain and enabling quicker identification of potential failure points.
Business Continuity Planning
The platform assists companies in developing and implementing comprehensive contingency plans to address potential disruptions. By identifying critical processes, resources, and dependencies, companies can create effective plans to minimize downtime and financial losses.
Additional Functionality
- Resilinc RiskShield and EVENTWATCH: These solutions include all the capabilities of the EVENTWATCH service, with additional features such as detailed event visualizations, Event War Room, What If capabilities, and mitigation workflows.
- Resilinc Multi Tier: This module provides supply chain visibility information, including supplier manufacturing footprint, subcontractor-owned locations, and emergency contact information. Companies can opt for Resilinc-managed service for supplier onboarding.
- Data Analytics and Integration: Resilinc integrates comprehensive data analytics, real-time risk event monitoring, part-site mapping, and AI-powered predictive insights. The platform supports locations where Google Maps and geocoding services are available.
Revenue Model and Delivery
Resilinc operates on a subscription-based model, offering tailored solutions to a diverse range of industries. The platform is scalable and customizable, allowing companies of all sizes to adapt their risk management strategies to their specific needs. Additional revenue streams come from consultancy and professional services, as well as partnerships and collaborations that expand the company’s reach and capabilities.