Supply Chain Risk Assessments
Supplier networks face numerous threats and vulnerabilities. Your organization must be able to determine how best to prioritize and mitigate against those threats. We will help you determine if the resilience of your supplier network could be impacted by events like natural disasters or by systemic issues.
Illuminate the Supply Chain
Knowing where your supply chain is located and which suppliers are in it is paramount. To begin this process, map the supply chain to identify its constituent parts, establish context, and define the assessment landscape. This essential step will enable you to comprehensively capture market conditions, operational complexity, and a complete inventory of the tangible aspects of the supply chain. This picture of vulnerabilities can help you fill critical gaps in your supply chain resiliency program.
LMI leverages best in class tools to search unstructured, structured, and government data sources that are aligned to the risk taxonomy using the latest technology. We match our comprehensive risk assessment to supplier (FOCI, cyber), part (obsolescence), infrastructure (climate), and transportation (port disruptions), as well as other risk areas.
Implement Artificial Intelligence and Machine Learning Solutions to Scale
LMI employs AI/ML to prioritize risks in your strategic and operational context. LMI develops cutting-edge machine learning applications to proactively identify supply chain risks and leverage prescriptive analytics to help organizations modernize their approach to risk identification and mitigation. We’ve developed a machine learning algorithm that combines disparate risk data with government and public data to identify and link supplier risks to lead times, missed deliveries and potential backorders.