New Solution for Global Supply Chain Security

RiskWatch offers software to help companies comply with security-related standards and mandates

RiskWatch rolls out software to help companies comply with security-related standards and mandates

Annapolis, MD — June 17, 2004 — RiskWatch, a provider of security risk assessment and compliance software, has launched its newest software, RiskWatch for Supply Chain Security, which is designed to help companies comply with various security-related standards and mandates.

The provider said that RiskWatch for Supply Chain Security, which debuted at the National Cargo Security Council Conference (NCSC) this week in Las Vegas, includes Web-based compliance surveys to help companies comply with security-related standards and programs that go by acronyms such as C-TPAT, CSI, BASC and TAPA.

The software automates the site survey process for suppliers, importers and carriers of various modes of transportation and creates management reports based on evaluation of vulnerabilities, balanced with return on investment recommendations, according to RiskWatch.

The solution identifies security threats and vulnerabilities in air, maritime, rail and trucking facilities, and it addresses the latest homeland security standards and best practices for physical security, RiskWatch said. The software generates a 100-page security assessment report that includes guidance on controls and procedures to protect the different nodes of the supply chain.

"RiskWatch listened to our customers who needed a solution to do a risk assessment on an end-to-end supply chain, instead of just a stand alone facility," said RiskWatch President Caroline Hamilton, an expert on security risk assessment. "The NCSC conference is a perfect venue to introduce this solution and to discuss best practice risk assessment with the companies who are on the front lines of trying to secure a very complex web of transportation nodes."

"The real value of the RiskWatch software is that it allows a carrier or manufacturer to measure security throughout the total supply chain, validate compliance with a standard like BASC, ISPS, or C-TPAT, and at the same time review and evaluate the security controls they have in place, and evaluate how well they are working," said Jason Clawson, president of JBC International, a firm specializing in global trade expertise.

For more information on C-TPAT and solutions for supply chain security, see "Building the Secure Supply Chain," the Net Best Thing article in the June/July 2003 issue of iSource Business.