Press Releases
Aberdeen Research Reveals—Supply-Chain Risk Increases
DRAPER, UT UNITED STATES 04/30/2007
Browz is pleased to sponsor Aberdeen Group's current research: "Supply Risk Increasing While the Market Stands Still." Browz offers a highly effective supply-chain risk management service with a patented browser accessible system that monitors supplier information and stores critical documents (like certifications, licenses, insurance, etc.) assessable online in electronic format. Vance Checketts of Aberdeen Group declared: "The new frontier for CPOs is risk mitigation and compliance management." Browz offers specialized tools that accomplish this and more.
Aberdeen reports: "Although 62% of enterprises indicate they expect supply risk to increase in the next 3 years, only 49% of organizations have bothered to implement a supplier performance measurement and risk management program." As considerable as the legal fees are for companies exposed to risk--often the resulting regulatory investigations, citations, and ensuing expenses are even more cost prohibitive.
Aberdeen further reports that, "Strong technologies are no longer out of reach of the hands of business professionals." And that, "Advanced technologies will allow for more immediate recognition of problems with suppliers and drive quicker resolution of these issues." Ironically, despite the availability of such powerful tools and technologies, Aberdeen exposes that even among the "best in class" 48% of the tools used are "Homegrown," 44% are "Spreadsheet" based, and 23% are "Based on ERP applications." How much more vulnerable to risk are these "best in class" when the tools they use are outdated?
Browz offers a complete solution where Supplier information is directly compared against Buyer requirements. Results are displayed in green or red icons revealing compliance or non-compliance. Browz invites you to visit their website, www.browz.com, where you can obtain a complimentary copy of this significant Aberdeen Report. See how Browz can turn Supply-Chain Risk Management into simple "Red-Light/Green-Light."
Browz Group, LC helps buyers and suppliers exchange critical business information by using technology that leads to risk reduction, cost savings, and a more secure business relationship. Both buyers and suppliers want to do business in a safe environment and in a responsible manner. The Browz approach levels the playing field for suppliers while protecting all participants.
Aberdeen Group is the leading provider of fact-based research focused on the global technology-driven value chain. Founded in 1988, Aberdeen has established the market leading position as the "voice that matters" when it comes to understanding the measurable results being delivered by technology in business.
Contact: Hans Rasmussen
801-619-6057