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Avetta
Avetta is a supply chain risk management (SCRM) software company that helps businesses manage the risks associated with their contractors and suppliers. Their platform provides a centralized system for prequalifying suppliers, verifying their credentials (like insurance, safety records, and financial stability), and monitoring their ongoing performance.
Avetta’s goal is to improve safety, reduce liability, and ensure compliance within supply chains by providing businesses with the tools and data they need to make informed decisions about their contractors. They offer a range of solutions, including contractor prequalification, safety management, compliance tracking, and supply chain mapping, catering to various industries and company sizes.
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Key Information
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DocuSign ,Oracle ,Salesforce ,ServiceNow ,Workday |
What is Avetta used for?
Avetta's platform is used by businesses to manage and mitigate risks associated with their supply chains, specifically focusing on contractors and suppliers. Here's a breakdown of its key uses:
Contractor Prequalification:
Avetta helps businesses prequalify contractors by collecting and verifying their credentials, such as insurance certificates, safety records, financial stability information, and other relevant documentation. This ensures that only qualified and reputable contractors are hired for projects.
Compliance Management:
The platform helps businesses track and manage contractor compliance with various regulations, industry standards, and internal policies. This includes monitoring safety performance, ensuring adherence to environmental regulations, and verifying compliance with labor laws.
Safety Management:
Avetta provides tools for assessing and improving contractor safety performance. This includes collecting safety data, tracking incident rates, and providing safety training resources. The goal is to reduce workplace accidents and create a safer working environment.
Supply Chain Visibility:
Avetta offers supply chain mapping tools that provide businesses with a clear view of their entire supply chain, including all contractors and suppliers involved. This visibility helps identify potential risks and vulnerabilities within the supply chain.
Risk Mitigation:
By providing businesses with the data and insights they need, Avetta helps mitigate various risks associated with their supply chains. This includes reducing the risk of accidents, legal liabilities, reputational damage, and financial losses.
Performance Monitoring:
Avetta allows businesses to monitor the ongoing performance of their contractors and suppliers. This includes tracking key metrics, such as safety performance, project completion rates, and customer satisfaction.
Data-Driven Decision Making:
The platform provides businesses with data and analytics that enable them to make informed decisions about their contractors and suppliers. This includes identifying high-performing contractors, addressing areas of concern, and optimizing their supply chain relationships.
Avetta is used to improve supply chain safety, ensure regulatory compliance, reduce risk, and enhance overall supply chain performance. It empowers businesses to make informed decisions about their contractors and suppliers, leading to a more resilient and sustainable supply chain.
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