Supply chain risk and disruption are brutal facts of life for manufacturers. In fact, not only do these challenges impose substantial financial costs (averaging 6-10% of annual revenues for the average large manufacturer), they also impose significant reputational costs. Leading manufacturers around the world rely on ServiceNow to minimize disruption at all stages of the supplier life cycle. From onboarding (and verification), visibility into supplier networks and real-time collaboration to mitigate disruption, we help manufacturers manage E2E supplier risk and keep operations open.
ServiceNow customers are leveraging our supplier solutions to drive action and get ahead of major supply chain crises. We help them automate intricate workflows that are associated with onboarding and 3rd party verification, procurement and real-time collaboration. In fact, a global manufacturer relied on ServiceNow to develop a “no surprises” view into their organization so that they can witness and resolve supply chain disruption happening in real time.
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