Enterprise Risk Management for Retail

Enterprise Risk Management for Retail

Retail companies manage many different risks, such as natural disasters that can affect a critical supply chain, changing labor laws and regulations, or even lack of control over a supplier’s activities. Constant market changes, internal forces, and regulatory demand make it difficult to determine what risks are the most critical. Quantivate ERM software enables retailers to closely analyze their risks and opportunities to better align risks and opportunities with their strategic planning efforts. In addition, retailers can define their strategic objectives and track their performance through KPIs, and monitor potential hazards through KRIs.

The Quantivate ERM Solution for retail companies includes:

• Risk heat maps
• Risk and control assessments
• Automated alerts
• Risk analytics
• Key performance indicators (KPIs)
• Key risk indicators (KRIs)
• What-if Scenario analysis
• Loss Event Management