Procurement RiskAI



Enhanced Risk Clarity For Business Continuity



Put reactive decision-making in rear view


Improve your decisions proactively with real-time visibility into multi-tiered supplier events to prevent severe impact by an unplanned incident


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Procurement RiskAI



Avert Risk Early With Tiered Supply Chain Insights



With data-driven ML & AI capabilities, learn early risk indications for your chain of multi-tiered suppliers


Financial risks or Insurance expiration or Vulnerabilities to cyber-attacks or Non-compliance to local laws are many such supplier risks uncovered to enable you for making accurate and informed decisions


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Artificial Intelligence for Risks in Procurement





A procurement department or a procurement organization constantly interacts with several vendors universally. Vendor's failure to deliver to its commitments exposes organizations to supplier-risks. BLOCKnit's collaborative risk identification and monitoring solutions allow organizations to create insights into these risks through proactive pattern spotting with the help of internal organizational data and externally sourced vendor data.


Most common risk challenges include:

  • Inability to accurately outline supply chain risk form
  • Proactive awareness of affects of risks on primary and tiered vendors
  • Prediction of interference in supply lines for vendors
  • Insight into risk remediation strategies used by vendors. Do vendors use effective procedures to mitigate risks?


Why does an organization face Risk Challenges?





Supply Risk





  • Not every Tier is modeled into your Supply Chain Network
  • Profiling of Suppliers for risk evaluation and audit is not complete
  • Risk categories are not defined accurately based on severity of events
  • Lack of unified visibility across varied suppliers


Business Continuity Risk





  • Cataloging of data is unavailable for risk events to formulate subsequent contingency plan automatically and digitally
  • Risk assessments are done based on best pricing and gut feel
  • Reactive risk management
  • Incomplete or missing substitute supplier options


Risk Remediation





  • Limited or minimum visibility into traditional or social media channels for risk indicators
  • Broken or untested risk mitigation plan
  • Limited or no insights into strategic and hidden historical data


We address Risk Challenges through Artificial Intelligence





We target Risk mitigation through data-driven accuracies. All recommendations, alerting, predictions and suggestions help eliminate human bias or error, gut feel or best price driven selections for highlighting tiered vendor vulnerabilities.

Our methodologies include identification and assessment of different Risk Types for business critical tiered vendors. We make certain that business continuity is maintained during major supply chain interferences by continuous monitoring of risk events and helping organizations through quick & prescriptive remedial actions



  • Discover Risk through heat maps
  • Region based Risk Views
  • Near-Real time alerting of Risk Events
  • Identify alternates. Supply Routes, Vendors, Strategies and Opportunities





Value through Data-Driven Intelligence



  • Save on Bottomline Expenses through Data Insights
  • Improve your Risk Clarity through Organizational and External risks for business continuity
  • Preemptive actioning for Risk Mitigations through cataloging & insights
  • Higher organizational Productivity through data-driven suggestive actions


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Contact us: info@BLOCKnit.com


BLOCKnit LLC is a digital partner in helping clients transform ideas into solutions to take advantage of a new world of opportunity.



1400 112th Ave SE, Suite 100, Bellevue, Washington, 98004 USA


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