In this Spend Matters PRO Vendor Analysis, we give an overview of Everstream Analytics, a Supply Chain Risk Management (SCRM) solution built to provide customers with a visibility into supply chain risks that is both end-to-end and multi-tier. The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level.
The last few years have put the word “supply chain” in the headlines as so-called supply chain disruptions and shortages have impacted everybody. The impact of Covid-19 on demand, the opening and closing of borders, factories and ports, the obstruction of the Suez Canal and the war in Ukraine have created a nightmare for supply chain and procurement professionals. Even now, supply chains are far from being “back to normal.” The root causes for these disruptions haven’t disappeared, and climate-related incidents are increasing and will continue to do so until GHG emissions are under control.
Even if logistics teams are more responsible for operational fulfillment, procurement still has a massive impact on it in terms of the initial design of the supply network (Design For Supply) and in the contracting of conditions (prices, Incoterm, MOQ, etc.). Also, the performance of the fulfillment process is a critical input to the continuous optimization of the supply/supplier base. Therefore, creating a digital twin of a supply chain to identify, mitigate and monitor risks at all times is of ever-increasing importance for organizations that want to risk-adjust their supply chain. This is precisely the value proposition of Everstream Analytics, a provider with over 15 years of experience in the field and unique proprietary technology.
Here’s why Everstream Analytics matters:
- To the market — Everstream Analytics’ AI-powered digital twin technology provides a deep and granular risk-monitoring solution that stands out from competitors for its proprietary technology and amount of historical and new data.
- To customers — Everstream Analytics has collected over 3 trillion data points over the last 10 years and processes 8 million sources daily, enabling exceptional risk and predictive analytics for customers.
- To potential buyers — Everstream Analytics is able to monitor and map n-tier suppliers, providing an in-depth look into its customers’ risk.
This Spend Matters PRO Vendor Analysis explains what makes this company different from other vendors, gives an overview of the vendor’s capabilities and its competitors, provides tech selection tips and closes with key analyst takeaways.