We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Avetta One™ Platform Provides Unified View of Supply Chain Risk for Companies and their Suppliers
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Avetta One™ Platform Provides Unified View of Supply Chain Risk for Companies and their Suppliers

Avetta One™ Platform Provides Unified View of Supply Chain Risk for Companies and their Suppliers
January 19, 2022
No Comments

OREM, Utah— Jan. 19, 2022—Avetta®, the leading provider of supply chain risk management (SCRM) software, today announced the Avetta One™ Platform, a single-source solution for managing operational, reputational and regulatory compliance risks. The platform reduces safety, liability, sustainability, workforce, cybersecurity and financial risks for corporations, suppliers, contractors and their workers.

“Business is shifting from a digital transformation to a societal one, as markets demand corporate accountability regarding safety, security, sustainability & ESG, ethics and social initiatives,” said Arshad Matin, president and CEO of Avetta. “Avetta One provides organizations analytical insights into how they measure up to their risks and goals across the entire supply chain.”

Avetta One delivers a global platform that manages critical risk areas in supply chains, creating the industry’s largest and most comprehensive supply chain risk management platform.
●For clients, provides a unified platform that manages risk across safety, liability, workforce qualifications, sustainability & ESG, diversity, financial health and cybersecurity programs.
●For suppliers, reduces time and cost by demonstrating their superior business qualifications across many clients from a single system.
●For workers, offers a central workforce portal to digitally store their required job roles, trainings, competencies and certifications.
●For partners, creates an open marketplace and community to provide services on the world’s largest SCRM platform.

Avetta One will give Avetta clients an unprecedented view of their supply chain risk programs through multi-risk analytics, supplier risk trends and supplier performance benchmarking. The platform uses almost two decades of data from millions of collected data points to provide real-time views on risks and delivers alerts on deviations from baseline measures. The analytics software includes customizable, interactive dashboards to gain insights that help build supply chain confidence.

Members on the network outperform industry standards and improve 7-8% per year on safety measures after joining, reducing administrative expenses on average by 75%. An international e-commerce company saves $12 million annually in accident avoidance, program management and software development costs. A major food provider reduced its incident rate by 34%; its suppliers outperformed the U.S. health and safety industry rate by 52%.

“Most organizations have the means to focus only on top-spend supplier risks, causing them to miss significant risks in other areas of the supply chain,” said Matin. “Those risks can be costly at $47,000 per accident, $1 million per day/environmental violation and $4.2 million per cyber incident. Avetta One helps companies focus on leading indicators that help companies proactively manage risks through a holistic view of the entire supply chain.”

On top of the Avetta One platform, the company provides trusted expert services to help with verification of insurance, certifications and licensing. Compliance is verified by skilled audit professionals who are full-time staff trained in each regulatory area. Avetta also offers remote/onsite assessments, which uncover hidden risks through both lagging and leading indicators. Advisory services provide insights into risk areas ranging from quick essentials to deep dive quantitative evaluations to reveal current vulnerabilities and actionable insights. Avetta’s training services offer courses, training, certification requirements and compliance tasks for workers.

“Over the course of the pandemic, the definition of what constitutes a business risk has evolved dramatically,” said Nick Heinzmann, analyst team lead at Spend Matters. “Procurement and supply chain groups are increasingly being pushed by their management, investors and end consumers to tackle large-scale, society-level problems, to include carbon emissions reduction, supplier diversity and equity improvement, and the prevention of cybersecurity failures that could lead to the disruption of critical infrastructure. Yet they must also continue to manage and improve upon core supply chain risks such as EHS standards and liability coverage.

“This is what makes the release of Avetta One so timely. Instead of piecing together third-party profile, compliance and sustainability risk data across multiple solutions, organizations can use Avetta to centrally manage their risk management efforts, integrating this essential process into their current third-party management workflows. The result is an offering sorely needed in the world of 2022: a central platform and network in which customers and suppliers can manage the evolving scope of risks affecting their businesses.”

Suppliers save time and costs by using one system to demonstrate compliance across all risks. They can also find new jobs within the Avetta Network and receive workforce training and third-party certification. Experts are available to guide suppliers on reducing business risks and qualifying for client contracts.

Avetta One focuses on seven types of risk:
●Health & Safety.
●Workforce Management.
●Sustainability & ESG.
●Diversity & Inclusion.
●Liability.
●Financial Viability.

The Avetta One solution is now generally available. To learn more about Avetta One, visit https://www.avetta.com/avetta-one.

https://www.avetta.com/avetta-one
Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Procurement Strategy Technology
KEYWORDS Avetta
  • Related Articles

    Avetta Financial Risk™ Launches, Enabling Organizations to Assess the Health of Their Supply Chain

    Supply Chain Risk Management Platform by Avetta, LLC Now Available on SAP® Store

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing