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September - 2013 - issue > Company of the Month

Razient: Helping Companies Manage Supply Chain Risk

Rachita Sharma
Thursday, September 5, 2013
Rachita Sharma
The world today is not a very safe place to be. With natural and manmade disasters becoming widespread, it becomes increasingly important for global businesses to have more insights into such incidents in order to mitigate supply chain risk. Irrespective of the industry a company is in, they have offices and vendors spread across the globe. With a global manufacturing base, it is difficult for any company with multiple locations and multiple suppliers to track potential disruptions to their supply chain on a daily basis. In order to track the incidents that might affect a company's business, the need of the hour is an all encompassing software solution for supply chain risk management.


However, most companies in U.S. put emphasis on supply chain management or logistics and do not focus on the physical risks. Risk management in supply chain today is about logistics, financial risk, physical risk and operational risk. Current solutions in the arena or physical risk are largely based upon home grown manual processes of collecting emails, spreadsheets, and databases. These ad-hoc, inconsistent solutions do not provide viable and sustainable systems to manage the supply chain risk as global networks expand. Razient combines all these features and answers the need of global companies by providing a process for managing supply chain risk.


Miami, Florida based Razient is a SaaS solution for compliance and physical risk management. It allows companies to gain insight into the risks that could adversely impact their local or global locations. By tracking all data about global disasters and incidents daily, Razient can automatically geo-locate company suppliers, customers, and partners to incidents, provide assessment of compliance risk, and provide crisis management mitigation steps.


At the helm of this revolutionary company is Gary Bahadur, Founder and CEO, who is an information security and technology industry veteran. His prior experiences in the field of security laid the ground work for building Razient. Bahadur assimilated the industry during his time as the co-founder and CIO of Foundstone, Inc, a $20 million security vulnerability risk management firm which was sold to McAfee for $86 million in 2004 and as an SVP of Bank of America. "From my experience in helping particular companies, we thought this would be a great way to launch a new service and a new product in an industry that does not have very good tools for disaster tracking and mitigation," explains Bahadur.

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