CHICAGO, November 18, 2016 - Prime Advantage, the leading buying consortium for midsized manufacturers, announced that riskmethods has joined the group as its newest Endorsed Supplier.
GPOs or Buying Groups bring Members and Endorsed Suppliers together. By aggregating the purchasing power of individual manufacturing companies to a network of elite Endorsed Suppliers, Members and Suppliers take advantage of greater cost savings, stronger business relationships, and an environment where partners flourish.
Riskmethods, Prime Advantage's newest Endorsed Supplier, is a supply chain risk management software provider, which helps to identify risks along global supply chains, assess risk impact and implement appropriate action plans. Potential risks are detected at an early stage, which assures delivery, maintains compliance and protects the corporate image.
Bill DeMartino General Manager of riskmethods North America commented, "Riskmethods is pleased to announce a strategic partnership with Prime Advantage. One of Prime Advantage's key missions is to help Members reduce risk in the supply chain. Utilizing riskmethods, Members can increase visibility into the risk profile of the supply chain and leverage expertise to provide the added protection of active monitoring of all threats."
About Prime Advantage
Founded in 1997, Prime Advantage is dedicated to bringing its clients reduced costs on raw materials, components, and supplies thorough leveraged sourcing agreements, and strategic services. By combining the purchasing power of more than 750 industrial manufacturers, Prime Advantage negotiates volume rebates and discounts with an exclusive group of world-class global Endorsed Suppliers. For more information, visit www.primeadvantage.com.
Riskmethods provides companies with a comprehensive supply chain risk management solution for identification of risks in the supply chain, assessment of the impact and implementation of appropriate action plans. Potential risks are detected at an early stage, which means that delivery capability is not compromised, compliance is maintained, and the corporate image is not jeopardized. The SaaS solution, which was developed in Germany, combines state-of-the-art technology and innovative provision of risk intelligence into a leading standard for supply chain risk management. Visit www.riskmethods.net for more information.