The software, Supply Watch, analyzes online data and social media posts to monitor about 140 different risk categories, such as financial indicators, mergers and acquisitions and supply shortages. DHL said the tool can assess up to 30 million posts from more than 300,000 online and social media sources, according a news release.
By detecting potential disruptions in an organization’s supply base, supply chain managers can complete risk mitigation and auditing activities earlier to limit or prevent financial losses.
More articles on supply chain:
Ex-Heritage Pharma execs settle national price fixing lawsuit: 4 things to know
FDA on track to surpass total new drug approvals from 2016
6 must-reads for supply chain leaders this week
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.