“Part of what you need to do in the supply chain is to help your company anticipate events, and understand the environment you operate in – physical, political, economic – around the globe.”- Fran Townsend
Current software and practices in use today do not provide a daily view into global disasters and incidents that can impact worldwide supply chains. Companies that often operate in such circumstances with manual processes and ad-hoc approaches to track global threats take action in crisis mode – collecting data, correlating spreadsheets and databases in a manual fashion.
Founded in 2012 with offices located in Miami, FL USA, Torrance, CA USA and Cali, Colombia, Razient is a SaaS solution that allows companies to gain insight into the risks that could adversely impact their local/global locations. By tracking and managing data about global incidents daily, Razient automatically geo-locates company suppliers and provides automated alerts along with a crisis management workflow to reduce downtime.
The Razientteams across the United States, India and Colombia work continuously on developing new features each quarter to address the changing market requirements and provides a comprehensive end-to-end view of events, threats and relevant compliance data across the supply chain by supplier, by location. With timely data pertaining to threats and risks to the supply chain, the company’s client management has an unprecedented full-circle view resulting in a powerful management and information tool that enables timely identification and response to supply chain / supplier threats and risks.
Not just a brand name
Supply chain risk processes in use today by the majority of companies do not provide a 360-degree view of the supply chain and events that impact those supply chains and management often operates reactively with an unknown impact to customer relations, negative perceptions, revenues and profits. This means that companies are taking action in crisis mode by manually collecting data, correlating spreadsheets and databases, and filling in the blanks in lieu of having relevant and critical data at their fingertips and the ability to spend valuable time assessing and developing contingency plans.
With global clients in the high tech, food and telecom verticals, Razient aims to solve all these problems and is gradually penetrating into the insurance, financial services and healthcare areas to address risks for international companies.
• Timely visibility of events that disrupt the flow of goods and materials by monitoring for physical, logical and geopolitical threats. Daily updated tracking of incident types such as shootings, bombings, fires floods, power outages, riots, disease outbreaks, earthquakes, hurricanes, tornados, bridge collapses, airplane disruptions, and more, provides a wide variety of global threat data
• Centralized web application platform / dashboard for global risk management and identification of all supplier locations world-wide
• Coordination of supplier management and risk objectives
• Identity of parts and services from a supplier / vendor that may be impacted by an event – including the future option of sub-tier vendors throughout the value chain and linking suppliers to purchase orders to events
• Awareness of publicly known incidents that impact the supply chain
• Compliance tracking of every vendor
• Quickly determine response actions to risks and threats
• Mobile application to track user geo-location risk
Focus is the key to the future
Razient is releasing an updated mobile application known as ‘Razient Mobile’ which will allow users to see global events and setup mobile alerts. Its key benefits include:
• GPS tracking that locates the user and tracks surrounding incidents
• Ability to research a specific city and find incident activity for the last 5 days
• Setup alert notifications that are pushed to the user’s mobile device based on location
• Visibility into specific incident data for a city or location
• Crowd sourcing global disaster information
Further discussing their present and future focus areas, team Razient says that they are releasing a Web Service API for partners who are incorporating the Razient incident database into their own applications. “For non-profit organizations, we have a flexible free option to provide this relevant and timely disaster information to applications and we provide a cost effective solution that’s easy to access, can scale with application requirements and also provide unique and relevant data that can increase the feature set of applications” to for-profit organizations, adds Founder & CEO Gary Bahadur.
Knowing the Key Executive Gary Bahadur, CEO
The Founder and CEO of Razient, with over 17 years of experience in the information security and technology industry, Gary was the co-founder and CIO of Foundstone, Inc. a $20M security vulnerability risk management firm, prior to founding Razient. He conducted business development, corporate strategy development, client management, information systems development, consultant management, public speaking engagements and security consulting engagements for Fortune 100 companies. Foundstone was sold to McAfee for $86 Million in 2004. As a Senior VP of Bank of America, Gary has also redesigned the Global Threat Management Lifecycle strategy and Risk Forecasting strategy and was a catalyst for delivering risk mitigation strategies and solutions. He was also the President and co-founder of Ether2 Corporation managing business development, client acquisition, marketing, fund raising and strategic direction.