Uncovering, assessing and addressing risk through the entire product lifecycle.
Plexus created DRIVE to give you one thing: confidence. For the OEM racing to get a product to market — where supply chain issues can cause delays, allowing the competition to leapfrog your launch and beat you to the marketplace. For an existing product when demand is ramping up and you need your supply chain to meet the challenge, or the startup that needs to prove to shareholders that they’ll be able to deliver what they’re promising. DRIVE means confidence for any company looking to keep or grow market share, innovate and iterate, where spending time putting out supply chain fires takes focus away from building your business.
We can deliver that confidence because we’ve thought through the entire process. DRIVE brings together a spectrum of tools all working in harmony to give you visibility into your supply chain and the required insight to strategically address any issues. So you can be informed, empowered and ready to mitigate risk at every turn.
Step 1: Predictive Analytics
It starts with gathering data, using Plexus’s proprietary system for predictive analytics, ALARM (Assembly Level Analytics of Risk Management). Powered by a proprietary Plexus algorithm, ALARM analyzes and quantifies multiple factors of risk for every component within your supply chain, from market conditions to sourcing strategies, lifecycle management and supplier performance. ALARM identifies and prioritizes high risk parts, which enables us to develop strategic mitigation plans to address these high areas of risk.
Step 2: Risk Assessment
The next tool in our analytics driven platform is SCAN (Supply Chain Assessment Navigator). With SCAN, we take the predictive analytics from ALARM to generate a comprehensive findings review. The report provides key insights at the component and product level, and supplies the foundation for our risk mitigation strategy. With SCAN, you have a starting point for identifying immediate risks and the information to take immediate action.