Case Study: a leading aerospace and defence company gains full supplier risk visibility with The Smart Cube

a leading aerospace and defence company gains visibility into supplier risk with The Smart Cube across 1,800 suppliers

A leading aerospace and defence company faced significant challenges in managing supplier risks within its highly specialized and volatile supply chain, especially during the COVID-19 pandemic. Its existing annual risk assessments were retroactive and insufficient for real-time threats. To gain proactive, complete visibility, the company turned to its long-term partner, The Smart Cube, and implemented its Supplier Risk Intelligence solution and Smart Risk platform.

The Smart Cube's solution provided a holistic view of risks by onboarding over 1,800 suppliers onto its platform, which uses an AI+HI approach to monitor financial, operational, legal, ethical, and environmental risks. This delivered over 100 targeted risk alerts per week, enabling the procurement team to proactively mitigate issues. The insights allowed the company to take preventive actions, such as securing extra inventory to avoid disruptions, ensuring operational continuity and meeting its risk management goals.