Chainyard is the recipient of the Institute of Supply Chain Management (ISCM) 2021 award in the category of Best Procurement Technology for our solution Trust Your Supplier! Learn more
Chainyard is the recipient of the Institute of Supply Chain Management (ISCM) 2021 award in the category of Best Procurement Technology for our solution Trust Your Supplier! Learn more

Challenges

  • No real-time information updates
  • Multiple reports and different sources to access the information
  • No single image in one single place

How TYS Helps

  • Using TYS (including leveraging 3rd party data providers in the TYS Marketplace) to compare multiple suppliers, evaluate current suppliers, and identify potential challengers using common profile and questionnaire information
  • User can access a single, aggregated view of complete supplier-provided details presented alongside authoritative third-party information. No “swivel seat” between screens and portals to perform a SWOT analysis.
  • User can utilize integrated tools such as Maplecroft to view risk-based information by various parameters including geolocation and technology

Outcomes

  • Real-time market information in one single “shop”
  • Data improvement by integrating different sources in one single “library”
  • Effort reduction in compiling all information from different sources

Roadmap Horizon

  • Library of analytics queries to allow for easy comparison of suppliers on attributes of interest
  • Integration with advanced IBM Watson AI tools for insights and analytics