Risk Management Software Targets Auto Supply Chain

Jan. 13, 2005
Risk may be part of the decision-making process, but Vivecon Corp. says its new business intelligence technology offering can help automakers make better choices. The Mountain View, Calif.-based firm's new Strategic Component Manager and Tooling & ...

Risk may be part of the decision-making process, but Vivecon Corp. says its new business intelligence technology offering can help automakers make better choices. The Mountain View, Calif.-based firm's new Strategic Component Manager and Tooling & Capacity Manager software apply financial engineering techniques that factor demand uncertainty and supply risk into carmakers' decisions. The two solutions provide risk monitoring and hedging capabilities that allow manufacturers to anticipate the effects of changing demand and market uncertainty, Vivecon explains. For example, the Strategic Component Manager includes "early warning system" alerts to make users aware of availability constraints, price fluctuations and liability exposures. Such information, suggests Vivecon, can help automakers secure availability commitments and price caps. Says ChainLink Research's Ann Grackin: "Predictive, actionable analytics represent a major step forward in managing the risks inherent in capital equipment investments and procurement commitments."

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!