Understanding Financial Risk
Avoid supply chain instability and disruption by understanding the financial health of your suppliers.
Failure to recognize and mitigate financial instability in your supply chain can result in disruption from canceled orders and delays, to increased costs and reputational damage. Getting an accurate understanding of your suppliers’ health, especially if you are working with private companies, can be time-consuming and challenging. Often the information available only provides a historical snapshot, not an ongoing pulse on financial health, leaving you vulnerable to changes in your suppliers’ financial health.
Craft helps you monitor the financial health of every company in your supply chain, even your suppliers’ suppliers.