Supplier Lifecycle Management software released by Aravo

Aravo, a provider of on-demand Supplier Information Management (SIM) software and services for Supplier Lifecycle Management (SLM), has announced the Winter 2011 release of “Evaluate.”

According to spokesmen, Evaluate delivers a configurable combination of supplier risk, compliance, and performance indicators in a single dashboard allowing companies to immediately focus on key supplier information from a variety of internal and external sources.

“With the economy showing clear signs of improvement, companies are accelerating their investments in new markets and new global sources of supply,” said spokesmen. “However, poorly managed supplier relationships put those investments at serious risk.”

For example, a single supply chain disruption can have grave impact on EPS and the bottom line. Whether from suppliers failing to comply with regulations, global supply chain interruptions due to natural disasters or geopolitical factors, questionable supplier financial health, or poor supplier quality or delivery performance, supply failures have real and immediate consequences. “Evaluate,” said spokesmen, provides features and functionality specifically built to ensure that such risks are minimized and supplier failures or disruptions are avoided.”

In an interview with SCMR, Aravo’s Robert Shecterle, Vice President of Marketing, said shippers are now looking for “a single source of truth.”

“The tragic episode in Japan recently alerted shippers to the need for more risk-mitigating services,” he said.

Aravo CEO Tim Albinson added that “looking in the rearview mirror” at historical supplier metrics is no longer enough to protect your business.

Shecterle, who formerly managed research practices at the Aberdeen Group for Supply Chain Management, told SCMR that the software release coincides with world events that have left many shippers questioning the “Just-in-Time” model.

“We may see the pendulum swing to the other extreme, where it is ‘just-in-case,’” he said. “But that, too would be a mistake. We feel that having the right risk strategy in place is the answer.”

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