Element / Manufacturing - Supplier 360
Supplier 360
Problem :
Manufacturers today operate in a complex supplier ecosystem where operational reliability, financial viability, and regulatory compliance are critical. Yet many organizations lack a unified, data-driven view of their suppliers. Supplier data is often fragmented across procurement systems, ERPs, spreadsheets, and external platforms, making it difficult to assess supplier performance, identify risks, or anticipate disruptions. As a result, sourcing decisions are reactive, risk exposure is high, and supplier vetting is time-consuming and inconsistent. Compounding this challenge is the limited visibility into external indicators such as legal issues, financial health, M&A activity, or executive turnover—all of which can impact supplier stability and delivery capabilities.
Solution :
Supplier 360 is Element’s intelligent supplier insight and risk framework designed to deliver a comprehensive and continuous view of supplier health, performance, and potential risk. The solution aggregates internal procurement data (e.g., PO history, delivery timelines, quality records, payment trends) with external third-party data, such as financial filings, litigation history, patent activity, leadership changes, and news sentiment. This unified data is visualized through interactive dashboards that enable procurement and risk teams to quickly assess supplier performance and risk exposure. The solution also includes a predictive risk scoring engine that highlights potential supplier failures or compliance concerns before they escalate. Additionally, it offers automated workflows for supplier onboarding, monitoring, and auditing, supporting proactive and strategic supplier management.
Outcome :
With Supplier 360, manufacturing organizations gain unparalleled visibility and control over their supplier ecosystem. Teams are empowered to make smarter sourcing decisions, reduce dependency on high-risk vendors, and negotiate with greater confidence using real-time insights. The platform helps prevent supply chain disruptions, accelerates onboarding of new suppliers, and enforces compliance with industry standards and ESG criteria. Procurement leaders can now segment suppliers based on performance, risk, and strategic value-ensuring that operational continuity is supported by a resilient, transparent, and data-driven supplier network. Ultimately, Supplier 360 enables manufacturers to shift from reactive vendor management to strategic supply chain leadership.