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Avetta and Hound Labs Partner to Bring the World’s First On-Site Test for Recent Marijuana Use to the Supply Chain Industry

Submitted by l.faulkner on Tue, 01/12/2021 - 13:13

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Avetta and Hound Labs Partner to Bring the World’s First On-Site Test for Recent Marijuana Use to the Supply Chain Industry

Avetta and Hound Labs Partner to Bring the World’s First On-Site Test for Recent Marijuana Use to the Supply Chain Industry

 Avetta Marketplace companies can now receive quotes for the HOUND® MARIJUANA BREATHALYZER to ensure workplace safety and productivity by determining recent marijuana use

Orem, Utah, Jan. 13, 2021—Avetta®, the leading provider of supply chain risk management, and Hound Labs, Inc. have partnered to provide supply chain companies in the Avetta Marketplace with the HOUND® MARIJUANA BREATHALYZER. The breathalyzer is the world’s first ultra-sensitive solution for detecting and measuring recent marijuana use in breath. The solution will reach general availability this spring, and quotes are now available for Avetta Marketplace members to secure a system at a discounted rate.

“Hound Labs’ solution is a key method to help both employees and companies maintain safety in all areas of the supply chain,” said Richard Parke, SVP Supplier Services at Avetta. “Companies now have an accurate way to determine whether or not employees recently used marijuana prior to coming to the job site. This process is especially critical in states where recreational marijuana use is legal.”

Drug tests that analyze oral fluid, hair, blood and urine can tell only whether someone used marijuana at some point in the past—up to hours, days, weeks or months ago—long after impairment subsides. The HOUND MARIJUANA BREATHALYZER is a fairer test because it measures THC in breath for the few hours that correlate with peak impairment. Testing only recent marijuana use within the peak impairment window[1] avoids basing employment decisions on irrelevant information about past use. Using the Hound Labs breathalyzer maintains workplaces as impairment-free environments, promoting safety and productivity of employees.

The HOUND MARIJUANA BREATHALYZER provides Avetta member companies with a critical tool to help ensure their workplaces are safe without having to base employment decisions on positive tests for past marijuana use that may have legally occurred after work hours,” said Mike Lynn, CEO and Co-Founder of Hound Labs.

Avetta’s Marketplace also allows suppliers to purchase discounted safety products and other safety-related services. Marketplace enhances membership value by reducing costs, saving time, improving performance and growing the businesses of contractors and suppliers who participate. Avetta was the first in the industry to offer a “Marketplace” of these kinds of value-added services.

For more information about the HOUND MARIJUANA BREATHALYZER, visit the Avetta Marketplace.

 

About Avetta

Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 100K suppliers across 100+ countries. Visit www.avetta.com for more information.

 

About Hound Labs, Inc.

Hound Labs is a point-of-care health technology company that combines science and technology in novel ways to improve health and wellness. The Company believes its ultra-sensitive and portable technologies will pave the way to practical and fair solutions for some of the leading public health and safety issues. Hound Labs’ point-of-care solutions include the HOUND® MARIJUANA BREATHALYZER[2], which allows employers and law enforcement to identify recent marijuana use rapidly and accurately by testing breath on-site, and the HOUND® COVID-19 BREATHALYZER, which captures breath samples on-location for laboratory identification of COVID-19. The Oakland-based company was founded in 2014 by a team, including CEO Dr. Mike Lynn, an ER physician, reserve deputy sheriff, and former venture capitalist. BenchmarkIcon VenturesIntrinsic Capital Partners, Main Street Advisors, NFP Ventures, and individual investors have funded the Company.

 

The HOUND® MARIJUANA BREATHALYZER is intended to detect recent marijuana use. It does not measure whether, or how much, a person is impaired. It is intended solely for use in law enforcement, employment, and insurance settings. It should not be used for any medical or therapeutic purposes, or for any Federal drug testing programs, such as programs run by the Substance Abuse and Mental Health Services Administration (SAMHSA), the Department of Transportation (DOT), and the U.S. military.

 

PR Contact:

SnappConner PR

Mark Fredrickson, +1 801-806-0161

[email protected]
 

Avetta

Scott Nelson, +1 801-850-3363

[email protected]

 

[1] https://www.nhtsa.gov/sites/nhtsa.dot.gov/files/809725-drugshumanperformfs.pdf

[2] The HOUND® MARIJUANA BREATHALYZER is intended to detect recent marijuana use. It does not measure whether, or how much, a person is impaired. It is intended solely for use in law enforcement, employment, and insurance settings. It should not be used for any medical or therapeutic purposes, or for any Federal drug testing programs, such as programs run by the Substance Abuse and Mental Health Services Administration (SAMHSA), the Department of Transportation (DOT), and the U.S. military.

 

5 minutes
Avetta Marketing

Avetta Teams with Mulligan Funding to Help Supply Chain Companies Receive Funding for Their Businesses

Submitted by s.nelson on Wed, 12/02/2020 - 22:23

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Avetta Teams with Mulligan Funding to Help Supply Chain Companies Receive Funding for Their Businesses

Orem, Utah, Dec. 2, 2020—Avetta®, the leading provider of supply chain risk management, has partnered with Mulligan Funding to provide U.S. supply chain companies with options to secure loans for their businesses. Avetta clients and suppliers can now take advantage of Mulligan Funding’s services through the Avetta Marketplace. This partnership allows suppliers to lock-in significant cost savings compared to other funding options and secure capital at a time when most banks are tightening the availability of credit.

In the Avetta Marketplace, U.S. suppliers and contractors can apply through Mulligan Funding to finance large-scale projects, increase working capacity, grow their businesses or manage cashflows through the following loans: working capital, term loans, SBA Bridge loans, Recovery Assistance Programs, among others. Mulligan Funding provides businesses nationwide with access to loan amounts of up to $1 million for terms of up to 36 months. Most companies receive approval in just a few hours and funding of the loan typically occurs the business day after approval.

“The partnership with Mulligan Funding comes at a critical moment in the economic cycle when companies might need it the most,” said Richard Parke, SVP Supplier Services at Avetta. “Access to additional capital is always important, but so many small- and mid-sized businesses need it particularly to recover from the impacts of the pandemic. We encourage Avetta suppliers and contractors to take advantage of this unique partnership.” 

Mulligan’s priority is to build relationships with each client to create a customized lending program. Dedicated loan advisors provide personal attention to each and every business to meet their specific funding needs, walking customers through every step of the application process with a dedicated loan advisor.

 “Our joining the Avetta Marketplace gives small businesses in supply chain industries the options they need to grow—or save—their businesses during the pandemic,” said Jason Fleming, EVP Partner Channel Sales at Mulligan Funding. “We have many options to help businesses obtain the funding they need, and we know that they are more qualified because of the Avetta prequalification system. We look forward to helping these businesses achieve their organizational goals.”  

 Avetta’s Marketplace also allows suppliers to purchase discounted safety products and other safety-related services. Marketplace enhances membership value by reducing costs, saving time, improving performance and growing the businesses of contractors and suppliers who participate. Avetta was the first in the industry to offer a “Marketplace” of these kinds of value-added services.

 For more information about Mulligan Funding’s loan products, visit the Avetta Marketplace.

About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 100K suppliers across 100+ countries. Visit www.avetta.com for more information.

About Mulligan Funding
Mulligan Funding offers access to working capital loans throughout the country to companies who have been in business for at least nine months and meet our simple lending requirements. We’re pleased to offer easy access to working capital and a funding experience that won’t be found anywhere else. We established our company in 2008 in response to banks pulling back from the small and medium-sized lending market…just when businesses needed working capital more than ever to survive and grow. Mulligan Funding was created specifically to serve the unique financial needs of America’s small to medium-sized businesses. Our approach is rooted in our personal understanding that accessing working capital plays an important role in helping you compete in a demanding marketplace. We also understand the frustration of being denied access to financing or being subjected to an unnecessarily complicated or confusing process.

PR Contact:
SnappConner PR

Mark Fredrickson, +1 801-806-0161
[email protected]

Avetta
Scott Nelson, +1 801-850-3363
[email protected]

5 minutes
Avetta Marketing

Avetta Clients and Suppliers who use the Avetta Connect™ Platform Experience Fewer Workplace Safety Incidents

Submitted by s.nelson on Wed, 11/11/2020 - 01:45

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Avetta Clients and Suppliers who use the Avetta Connect™ Platform Experience Fewer Workplace Safety Incidents

Data analysis of 87,000 suppliers shows safety incidents reduced from 21% to 55% and safety performance increased 7% to 12% yearly. The longer companies are in the Avetta network, the safer they become

Nov. 11, 2020—Orem, UtahAnalysis by Avetta® (www.avetta.com) of 87,000 suppliers worldwide shows clients and suppliers that use the Avetta Connect™ Platform reduce the number of safety incidents and lost work days by as much as 55% compared to industry averages. The longer these companies use Avetta’s supply chain risk management technology, the safer they become—with some yielding a 7% to 12% reduction in workplace safety incidents year over year for as many as 10 years.

Avetta examined hundreds of thousands of safety data points and supplier performance reports over multiple years in 20-plus industries over a 10-year period.

“We improve what we can measure. When clients and suppliers are held to a higher safety standard and have the right technology to track performance, they achieve those outcomes across the supply chain,” said Arshad Matin, Avetta President and Chief Executive Officer. “Making those corrections decreases expenses, reduces accidents and protects brands, leading to lives saved.”

The report shows these suppliers improved safety performance even more over time, accelerating improvement the longer they used supply chain risk management technology.

United States
In the United States, suppliers who participate in prequalification measurements see about a 20% reduction in Total Recordable Incidents Rate (TRIR), Days Away, Restricted or Transferred (DART) and Lost Workday Case Rate (LWCR) compared to the Bureau of Labor Statistics (BLS) averages. Those companies that utilize supplier audits as part of safety programs see as much as a 52% reduction in those measures.

The longer companies use Avetta’s supply chain risk management system, the more workplace safety incidents are reduced. Over the past 10 years, suppliers have reduced TRIR, DART and LWCR an average of 7% to 8% year over year.

DART is a safety metric used by the U.S. Occupational Safety and Health Administration (OSHA) to track workplace injuries and illnesses that cause the affected employees to remain away from work, restrict their work activities or transfer to another job for safety reasons. LWCR is a similar calculation, but it uses the number of cases with lost workdays.

Canada
In Canada, suppliers participating in prequalification experience a 16% reduction in Total Recordable Incident Frequency (TRIF) and a 30% reduction in LWCR. When these companies included supplier audits, TRIF reduced by 26% and LWCR by 51% compared to industry averages.

Longevity with Avetta’s Connect™ Platform yields increasing safety improvements. Suppliers have reduced TRIF and LWCR an average of 6% to 7% year over year for up to eight years. TRIF calculates recordable incidents per 100 full-time workers over a year.

“Avetta-vetted suppliers are significantly safer than the industry averages—ensuring workers get home safely,” Matin said. “Companies that digitize safety information with Avetta solutions are able to evaluate the ability of contractors or suppliers to operate safely. When clients implement these tools, the propensity to have a safer workplace goes up dramatically worldwide.”

Avetta Connect™ helps companies build resilience and continuity in their supply chains — from increasing visibility within the network and ensuring safety to managing risk and improving sustainability. Companies can easily customize the platform to track specific compliance requirements, financial stability, safety ratings and records.

European Union
In the European Union, clients utilizing technology for prequalification for their suppliers reduced Accident Frequency Rate (AFR) by 21% and reduced the Incidence Rate (IR) by 50%.

Accident Frequency Rate (AFR) is the number of accidents per 1 million total hours. Incidence Rate (IR) is the number of fatal accidents and more than 3 days' absence per 100,000 employees (ESAW).

Australia
In Australia, supply chain risk management technology reduced their Total Recordable Injury Frequency Rate (TRIFR) by 17% and the Lost Time Injury Frequency Rate (LTIFR) by 19%.

In addition to immediate impacts to safety, Australian suppliers have seen a reduction of an average of 12% year over year in TRIFR for as much as five years.

Total Recordable Injury Frequency Rate (TRIFR) is the number of total recordable injuries per 1 million hours while Lost Time Injury Frequency Rate (LTIFR) is the number of fatalities and lost time injuries per 1 million hours.

Latin America
In Latin American countries, companies can see significant reductions in safety problems by implementing technology for supply chain risk management. Here are the reductions discovered for Lost Time Frequency Rate (LTFR), the measure for number of fatalities, permanent and temporary disabilities per 1 million total hours.

  • Brazil: -51%
  • Argentina: -25%


Mexico
In Mexico, suppliers see reductions of 24% of TRIR, and LWCR is reduced by 38% through supply chain risk management.

Avetta Connect™
Avetta’s platform, Avetta Connect™, helps companies worldwide with supply chain risk management, enterprise and workplace safety through contractor management and prequalification with a SaaS-based system that is the most configurable in the industry. Avetta Connect™ enables clients to configure goals, create and customize analytic dashboards, identify trends, modify processes, and produce reports that will improve safety and compliance for their supply chain operations as verified by the data analysis. Avetta Connect™ also supports companies’ efforts regarding sustainability and environmental, social and governance (ESG) priorities.

About Avetta
Avetta leads the world in connecting leading global organizations across several industries including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 100K suppliers across 100+ countries. Visit www.avetta.com  for more information.

7 minutes
Avetta Marketing

Avetta Financial Risk™ Launches, Enabling Organizations to Assess the Health of Their Supply Chain

Submitted by s.nelson on Tue, 10/27/2020 - 01:55

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Avetta Financial Risk™ Launches, Enabling Organizations to Assess the Health of Their Supply Chain

New offering, integrated with Experian, adds another piece to complete Avetta’s end-to-end supply chain risk management solution

Oct. 27, 2020—Orem, UtahAvetta®, the leading provider of supply chain risk management, a tool for evaluating and monitoring the financial health of your supply chain, providing detailed financial metrics and ratings for accurate supplier evaluation. Using these scores, organizations can build compliance standards to manage potential risks better.

Integrated with the global information services company Experian®, Avetta Financial Risk™ provides a supplier risk rating using these Experian-generated metrics: Intelliscore PlusSM and Financial Stability Risk ScoreSM. These tools can provide insight into a company’s overall financial health so businesses can effectively evaluate business risk for using specific suppliers on projects. Financial insights can be displayed in the customized Avetta dashboard so customers can view their supply chain’s financial stability at a glance.

“In order to build a more resilient supply chain, our customers can now determine contractor and supplier reliability,” said Taylor Allis, chief product officer of Avetta. “Assessing financial stability — locally or globally — is critical in evaluating project risk. With Avetta Financial Risk™, companies can better ensure continual operations by intelligently managing the safety, sustainability, and financial health of their supply chain network.”

Intelliscore Plus is Experian’s premier business credit score model, providing an easy-to-use 1 to 100 risk score. The score considers more than 800 variables, resulting in an unparalleled view of a supplier’s financial status. Using the score, companies can assess risk quickly and reduce slow-pay and write-offs. The Financial Stability Risk Score also uses a risk rating of 1–100 to indicate a supplier’s potential likelihood of going bankrupt or defaulting on their financial obligations.

“Experian is committed to continuing to help businesses manage risk and navigate their financial health amid the impact of the COVID-19 pandemic,” said Hiq Lee, President of Experian’s Business Information Services. “Through our innovative tools and advanced analytics delivered through the Avetta Connect™ Platform, businesses can better evaluate risk and make better decisions for their supply chains in real time.”

When there are questions about supplier stability, the Avetta Platform offers more detailed credit reports through Experian’s Business IQ portal. Companies can place certain suppliers on watchlists to monitor financial activities more closely. Financial numbers can also be compared to industry standards.

To learn more about Avetta Financial Risk™, visit https://www.avetta.com/financial-risk. Client companies can add the tool to their client account by contacting their Avetta representative.

Avetta Connect™ helps companies build resilience and continuity in their supply chains — from increasing visibility within the network and ensuring safety to managing risk and improving sustainability. Companies can easily customize the platform to track specific compliance requirements, financial stability, safety ratings and records.


About Avetta
Avetta leads the world in connecting leading global organizations across several industries including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

About Experian
Experian is the world’s leading global information services company. During life’s big moments — from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 17,800 people operating across 45 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

 

5 minutes
Avetta Marketing

Avetta Adds Key Executives to Deliver on Next Generation Supply Chain Risk Platform

Submitted by s.nelson on Tue, 10/06/2020 - 01:59

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Avetta Adds Key Executives to Deliver on Next Generation Supply Chain Risk Platform

Avetta Adds Chief Product Officer, Chief Technology Officer and Senior Vice President of Partnerships to Rapidly Execute Avetta’s Supply Chain Risk Management Vision

Oct. 6, 2020—Orem, UtahAvetta®, the leading provider of supply chain risk management, announced three new executives have joined the Avetta leadership team. Taylor Allis joins as chief product officer, Christopher Lewis has been promoted to chief technology officer and Jitesh Chanchani has joined as senior vice president of partnerships. The additions help Avetta continue to accelerate its Supply Chain Risk Management vision with technology, products and solutions for clients and suppliers worldwide.

“Supply chain risk management requires having the data to make the right decisions across the entire network,” said Arshad Matin, Avetta President and Chief Executive Officer. “Our Connect platform helps clients and suppliers work together to manage safety, sustainability and financial risks. It monitors compliance with critical standards and provides the analytics to evaluate performance. The talented and experienced executives joining our team will help us deliver more capabilities and deepen the analytical insights.”

In his role as Chief Product Officer, Taylor Allis strengthens Avetta through strategic innovation, feature enhancement, and global expansion. His unique experience combined with an innate vision drives safety, sustainability and efficiency across global supply chains. Prior to joining Avetta, Allis led the product strategy and vision at Enablon, a Wolters Kluwer business, and a leader in Operational and Sustainability Software. As Global Vice President of Product & Marketing there, Allis led programs that inspired explosive growth, including $2.5 billion in new capital investment in the EHS industry.

Allis also has served in leadership positions for Sun Microsystems/Oracle, TTEC, IQNavigator/Beeline and three start-ups. His efforts have led to strong results. Allis doubled and tripled the size of three businesses he has worked in, developed the first AI products for two businesses, and co-invented a cloud solution that has secured eight issued and 17 pending patents.

“With both Avetta’s technology and large network of supply chain companies, we can elevate supply chain risk management to deliver more value throughout more areas and more solutions in the value chain,” said Allis. “It’s great to be part of this tremendous company, and I look forward to executing on and adding to the vision of how Avetta can help companies thrive in safety and ESG.”

Christopher Lewis, promoted to the position of CTO, started at Avetta as a vice president of data analytics in March of this year. Lewis has more than 25 years of experience in product development and delivery of analytical solutions. He spent the last few years at IHS Markit working across the organization (financial markets, automotive, maritime, energy, chemicals, global trade etc.) to set up an enterprise data lake and enable data science and analytics.

Prior to that, he was CTO at Seismic Micro-Technology for more than 18 years before it was acquired by IHS, where he and his team successfully delivered multiple analytical products (geophysical, geological, engineering) to the oil and gas industry.

As CTO, Lewis is responsible for product development, helping achieve the product solution that matches Avetta’s future vision. He will complete Avetta’s transformation toward fully agile development, high scalability solutions and automated testing capabilities.

“Technology is a critical part of delivering the Avetta vision,” said Lewis. “This is a great opportunity to innovate and develop leading-edge analytics, technologies and solutions to bring more data and more value to the Avetta network and its clients.”

After consulting for Avetta since February 2020, Jitesh Chanchani joins Avetta full time as Senior Vice-President. Chanchani will drive the new Worker Management strategy, adding it as a solution and revenue engine for the company. Chanchani will build Avetta’s Partner ecosystem. With Avetta’s network of almost 500 clients and 100,000 suppliers, Chanchani will develop strategic partnerships that deliver additional value to that network, contributing toward a safer, more efficient supply chain.

Chanchani brings 25 years of experience in the enterprise software space, across many functions including product management, business development and M&A. Prior to joining Avetta, Chanchani served as the CEO of a venture-backed SaaS software company, Accend Inc. He also held leadership roles at IHS Markit, VMware, and Symantec where he had responsibility for the company’s market-leading GRC product line.

“I’m excited to lead Avetta’s worker management initiatives and develop the strategic partnerships to help both clients and suppliers build the best, most resilient supply chains in their industries,” said Chanchani. “Even though Avetta is a successful, fast growing company, its potential is just beginning to be realized.”

Avetta’s technology platform, Avetta Connect™, helps companies worldwide build resilience and continuity in their supply chains – from increasing visibility within the network to ensuring safety and sustainability. The Avetta Marketplace provides suppliers and contractors deep discounts on insurance and safety-related products and services. The company now has 450+ clients, 95,000 suppliers with more than 350,000 connections in more than 100 countries.


About Avetta
Avetta leads the world in connecting leading global organizations across several industries including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

6 minutes
Avetta Marketing

Avetta Suppliers Working with Towergate Insurance Brokers to Offer the Best Advice Backed by Quality Insurance Programmes at a Competitive Price

Submitted by s.nelson on Thu, 09/24/2020 - 02:01

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Avetta Suppliers Working with Towergate Insurance Brokers to Offer the Best Advice Backed by Quality Insurance Programmes at a Competitive Price

Avetta Marketplace provides members with access to Towergate Insurance Brokers to help companies find the right insurance cover risk management specific to their needs. They aim to achieve the best value for vetted Avetta suppliers.

Orem, Utah, and London, Sept. 24, 2020— Avetta®, the leading provider of supply chain risk management, can now provide access to suppliers insurance cover from Towergate Insurance Brokers in the Avetta Marketplace™. Towergate offers more than 80 insurance programmes—from care and medical to liability and trade—to meet almost any insurance need. Towergate employs 1,800 staff members to provide premium advice, service and support nationwide.

“UK suppliers serving the supply chain industry now have one place to get all of their insurance needs at a competitive price for the risk,” said Richard Parke, SVP Supplier Services at Avetta. “The Avetta Marketplace provides both value and convenience. Suppliers using the Marketplace know they are getting services matched to their needs at significant savings. And, clients using companies in their supply chains know they are receiving the best risk management and insurance-related services to protect them.”

Towergate works with the UK’s leading insurers so suppliers can receive cover specific to their needs rather than providing “off-the-shelf” plans. Advisers provide expert advice and guidance, so suppliers receive the most suitable protection for their companies. Towergate Insurance Brokers programmes protect the supplier workforce, assets, brand and reputation through strong relationships with insurers. The broker has more than 50 offices nationwide to give a personal service to every customer.

“Partnering with Avetta’s Marketplace helps us serve the safest and most reliable companies in the UK,” said Joe Thelwell, CEO of Towergate. “Because we know these companies have been vetted by Avetta in their industries, we can provide the most compelling service with the proper risk management and ensure the right insurance is in place. We look forward to delivering the best outcomes for Avetta suppliers.”

Avetta’s Marketplace provides savings on safety products and other related services. Marketplace enhances membership value by reducing costs, saving time, improving performance and growing the businesses of contractors and suppliers who participate. Avetta launched Marketplace a year ago and has generated many more value-added services for suppliers worldwide.

“Partnering with Avetta’s Marketplace helps us serve the safest and most reliable companies in the UK,” said Joe Thelwell, CEO of Towergate. “Because we know these companies have been vetted by Avetta in their industries, we can provide the most compelling service with the proper risk management and ensure the right insurance is in place. We look forward to delivering the best outcomes for Avetta suppliers.”

For more information about Towergate and other supplier services and products, visit the Avetta Marketplace.


 About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

About Towergate Insurance Brokers
Towergate have a UK-wide teams of specialists who have built a solid reputation for understanding a vast array of business sectors and industries, and the everyday risks they face.

Aside from advising on all aspects of insurance and risk management for key sectors such as Construction, Fleet and Commercial Vehicles, Manufacturing, and Property Owners, they offer cover for specialist markets such as Energy and Offshore, Education and even Skydiving. They actively trade in over 150 core markets.

Towergate have strategic relationships with a number of preferred partners, many of whom are the UK’s leading insurers, Lloyds of London or insurers operating in a specialist field. These consist of Allianz, Arch, Aviva, AXA, Geo, NIG, QBE, and Zurich, though this is not an exhaustive list. They have agreed bespoke covers and enhanced limits with the majority of the insurers they use.

Towergate’s structured interaction with insurers means they can secure unique and differentiated products, prices and service, so they can deliver the best outcomes for their clients.

Visit towergate.com for more information.

5 minutes
Avetta Marketing

Avetta Publishes E-book to Help Supply Chains Navigate Future COVID-19 Environment

Submitted by s.nelson on Thu, 09/03/2020 - 02:05

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Avetta Publishes E-book to Help Supply Chains Navigate Future COVID-19 Environment

Resources, including business continuity planning, supplier sourcing and more, help companies build supply chain resiliency in an unstable world

Orem, Utah, Sept. 3, 2020— Avetta®, the leading provider of supply chain risk management, published an e-book to help supply chain companies build resiliency during and after the COVID-19 pandemic. The book, “COVID-19 & Supply Chains: A Comprehensive Guide,” compiles more than 20 different resources, covering numerous topics, including business continuity planning, supplier sourcing, workplace risks, emergency planning, adapting to location regulations and returning to work safely.

“Our technology platform and supplier services help ensure workers arrive home safely each night,” said Arshad Matin, President & CEO of Avetta. “The current pandemic creates an additional level of complexity to those safety efforts. Avetta’s technology platform and expertise helps companies traverse the numerous issues of this new business environment. Our e-book provides a wide-ranging, COVID playbook. Avetta is committed to supporting our employees and customers throughout every phase of this pandemic and beyond.”

The Avetta e-book covers the entire expanse of a supply chain company’s needs, from preventing supply chain disruptions and protecting employees with personal protective equipment to helping organizations envision and plan for the future in a post-COVID world. Additional areas include keeping employees connected while they are socially distant, managing worker concerns and rethinking supply chains. Free templates about business continuity planning and safety moments are also included.

Avetta’s technology platform, Avetta Connect™, helps companies build resilience and continuity in their supply chains – from increasing visibility within the network to ensuring safety and sustainability. Companies can customize the platform easily to include new requirements of social distancing, sanitation practices and building configuration as companies reopen their businesses.

Download the e-book here. In addition to the e-book, Avetta has created a COVID-19 Resource Library containing templates, white papers, webinars, blog posts, infographics and more. The library includes tools for supply chain companies and their contractors/suppliers, including small business assistance resources. Visit avetta.com to access these free materials.

 
About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor , safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

3 minutes
Avetta Marketing

Avetta Receives Canadian Occupational Safety Readers’ Choice Award for Third Year in a Row

Submitted by s.nelson on Thu, 07/30/2020 - 02:14

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Avetta Receives Canadian Occupational Safety Readers’ Choice Award for Third Year in a Row

Orem, Utah, and Calgary, Alberta, July 30, 2020— Avetta,® the leading provider of supply chain risk management, received a Readers’ Choice Award from Canadian Occupational Safety in the contractor management solutions category. This is the third year the company is being honored by readers of the magazine.

The awards showcase the occupational health and safety companies and suppliers preferred by readers of Canadian Occupational Safety. More than 20,000 votes were cast to determine the top three companies in each category.

“The best awards to receive are the ones given by the workers we protect,” said Arshad Matin, President & CEO of Avetta. “Our focus each day is to protect employees in the factory, the plant, the office, in the field—or anywhere—with supply chain risk management solutions that improves safety, increases efficiency, saves money and helps bring them home each night to their families. We’re grateful to be named as a preferred supplier of contractor management solutions.”

Data from the thousands of companies connected to Avetta’s supply chain risk management platform shows an average 50% reduction in the number of safety incidents and lost workdays compared to the industry average.

Avetta’s technology platform, Avetta Connect™ is one of the most awarded supply chain risk management solutions in the industry. Connect offers a state-of-the-art user experience, enabling clients to configure requirements, create and customize dashboards, modify processes, and produce reports to reduce administrative costs, improve compliance, increase safety and enhance sustainability for their supply chain operations.

 Avetta Connect™ helps companies build resilience and continuity in their supply chains – from increasing visibility within the network to ensuring safety and sustainability. The platform is also customizable for new requirements of social distancing, sanitation practices and building configuration as companies reopen their businesses.

Avetta will be highlighted in the September/October issue of Canadian Occupational Safety.

About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor , safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

3 minutes
Avetta Marketing

Avetta Named to Supply & Demand Chain Executive’s SDCE 100 Top Supply Chain Projects for 2020

Submitted by s.nelson on Thu, 06/25/2020 - 02:21

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Avetta Named to Supply & Demand Chain Executive’s SDCE 100 Top Supply Chain Projects for 2020

To launch National Safety Month, Arshad Matin and Avetta are educating companies on health, safety and sustainability protocols for going back to work safely

Orem, Utah, June 25, 2020— Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, selected Avetta® as a recipient of the SDCE 100 Award for 2020. The award recognizes Avetta’s implementation of its supply chain risk management tools for a global building solutions client that is a leading supplier of cement, ready-mixed concrete and aggregates.

Avetta moved the client from an existing paper-based supplier performance system to Avetta Connect™, a highly configurable, cloud-based supply chain risk management system. The platform is the most customizable in the industry, enabling clients to configure the goals, analytics, processes and reports that improve safety and compliance for their supply chain operations. The total solution is one part technology (SaaS platform) and one part service (supply chain enhancement)—both complementing the client’s current procurement processes and systems.

The Avetta solution helped the client in many areas, including:

  • Simplifying the engagement and evaluation of suppliers and ensuring alignment with the unique operating principles and regulatory requirements that already exist.
  • Improving the client’s ability to oversee the compliance and capabilities of suppliers and contractors.
  • Boosting the client’s interaction with suppliers in three main areas: monitoring, measuring and evaluation. The improved reporting continues to drive better performance across multiple business units.
  • Providing a two-way feedback mechanism that enables site managers to easily evaluate supplier performance on procurement as well as health and safety, yielding more than 6,000 reports that identify high-performing contractors.
     

“Innovation is essential in driving the supply chain industry forward, and thanks to these valuable partnerships, companies of all sizes are able to achieve success in projects that matter,” says Marina Mayer, editor for Supply & Demand Chain Executive. “From business intelligence systems and supply and demand planning to inventory reduction and procurement solutions, the SDCE 100 offers proof-of-concept that with the right planning and execution, anything is possible."

The SDCE 100 spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to improve their own operations. These projects also show how a supply chain solution and service providers help their customers and clients achieve excellence and prepare their supply chains for success.


About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor , safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

4 minutes
Avetta Marketing

Avetta CEO: Rethinking supply chain networks and reviewing business continuity plans are key parts of an effective post pandemic program

Submitted by s.nelson on Mon, 06/08/2020 - 02:46

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Avetta CEO: Rethinking supply chain networks and reviewing business continuity plans are key parts of an effective post pandemic program

To launch National Safety Month, Arshad Matin and Avetta are educating companies on health, safety and sustainability protocols for going back to work safely

Orem, Utah, June 8, 2020—Avetta® President and CEO Arshad Matin, and the company’s entire health and safety team, are instructing companies and safety leaders regarding how they prepare for increased productivity and reopening operations. These initiatives come into focus especially as National Safety Month begins.

“This unprecedented pandemic has tested a lot of companies’ preparedness, and it’s clear that many were not ready,” said Matin. “Reopening companies and factories worldwide give us a second chance to learn and better prepare for the future.”

Here are some areas of consideration to ensure your company is prepared:

  • Safe Return Protocols – For the short term, it’s critical that companies create and communicate their Safe Return to Work Protocols for worker protection. These protocols can be unique for each company’s circumstances but should be based on a foundation of essential social distancing and hygiene principles.
  • Review & Plan – Next, business continuity reviews and planning are essential to adjusting to post-pandemic conditions. Having a well thought out playbook to react to potentially unplanned events provides well-defined actions for companies to quickly activate and follow. Now is the time to update those plans so those who are accountable know their responsibilities and can act in real time with the necessary functional leadership involvement.
  • Rethink Supply Chains – Companies should rethink their supply chains. Over the next few months, they should be evaluating critical suppliers for post pandemic resiliency, which includes items such as financial health, quality controls, health and safety risks, and sustainability, among others. Begin sourcing new business opportunities, and new supplier and vendor relationships to grow the value chain. Leverage the right technology and data to provide real time insights and mitigate potential future negative impacts.


“As companies emerge from this pandemic, we’ll see a deglobalization of the supply chain,” said Matin. “For years, companies have been focused on cost efficiency, and in just a few weeks, much of the savings generated by focusing on costs have been wiped out. For the long term, companies should diversify and shorten the distance of their supply chain options.”

Post pandemic, strategies include reviewing the entire supply chain in a risk-based supplier evaluation process. Identify mutual dependency fears and understand supplier dependencies a level down—how ready are the suppliers of my suppliers? Real-time dashboards with technology can help companies understand both the challenges and the opportunities.

Avetta has created a number of resources to educate supply chain companies, vendors and suppliers worldwide to help them react to and recover from impacts of the pandemic and, as employees return to work, provide ways companies can maintain and improve sustainability going forward. Resources include business continuity planning tips and examples; white papers; webinars on topics such as accessing small business assistance programs, preparing for OSHA inspections post pandemic, and best practices for returning to work safely and effectively; safety & sustainability moment slides; and infographics. A considerable amount of materials focus on small businesses, which are a significant portion of supply chain suppliers and vendors.

National Safety Month is observed annually by the National Safety Council, the nation’s leading nonprofit safety advocate, National Safety Month focuses on saving lives and preventing injuries, from the workplace to anyplace.


About Avetta
Avetta leads the world in connecting leading global organizations across several industries, including oil/gas, telecom, construction materials, facilities management and many others, with qualified and vetted suppliers, contractors and vendors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology, coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor , safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta currently serves more than 450 enterprise companies and 95K suppliers across 100+ countries. Visit www.avetta.com for more information.

5 minutes
Avetta Marketing