Supply chains are complex. Most companies know who their own suppliers are but who are the suppliers of their suppliers? How are they all connected? When companies ask us for help, we generally start with supply chain mapping, the first step in gaining insight.
Visualising such data on a world map gives companies valuable insights on the origin of their products. But world maps are more than just a pretty image. They are a tool for navigation. And just as with your regular atlas, you’ll need a legend that’ll give you information on how to read your map.
Tracking relations between suppliers
Our supply chain mapping solution does not only give information on where your suppliers are located. ChainPoint makes it possible to add valuable information such as the relation between suppliers and how products are processed. Let’s say you want to map some timber your company purchased. A good software tool should be able to track this timber all the way up to the forest it was harvested. Between your company and the forest there are log yards, sawmills, processors, timber exporters and importers and possibly even more. Your piece of timber started out as a tree and moved through the supply chain where it became the piece of wood you own today.
But there’s more you can do. Because how do you know that your piece of wood is complying to legislation such as the EUTR or not contributing to massive deforestation? For this you can use external information from other sources that make it possible to identify problems in a heartbeat. Global risk indexes for example, can give you information on areas or countries where deforestation is a high risk. If there are suppliers in your chain in these high risk areas, you will be alerted to investigate the issue. Another example would be satellite data, that you can display on top of your world map, giving real time information. With the current availability of such external data, the possibilities are basically endless.
How can we help you?
Regardless of your company’s size or industry, the key here is to combine information from all parts of your supply chain and let software help you understand this information. Do you know how we are able to help you? Contact us now and schedule a demo!