The Supply Chain Revolution

Microsoft has once again positioned itself as a leader in technological innovation, this time unveiling an AI tool aimed at enhancing supply chain risk management. The tool, named Dynamics 365 Copilot, allows supply chain managers to anticipate and respond to potential disruptions. It’s a glimpse into the future of supply chain management where AI plays a pivotal role.

For firms in the wealth and asset management sector, managing vendors effectively has always been critical. While these firms might not deal with physical supply chains, their dependency on a range of vendors for data analytics, software, and market insights makes the lessons from Microsoft’s Copilot universally applicable.

Managing large volumes of data is a struggle in any industry, but this challenge is especially acute for supply chain managers. Copilot uses AI to sift through massive amounts of data, identify potential risks like geopolitical shifts or inclement weather, and enables rapid communication with suppliers.

The need for such predictive capabilities isn’t limited to traditional supply chains; it’s incredibly relevant in the world of financial services, where wealth and asset management firms often juggle complex relationships with numerous vendors.

VENDOR iQ, a platform designed to empower the vendor management lifecycle in wealth and asset management, aims to apply similar AI-driven capabilities to manage, scrutinise, and optimise vendor relationships effectively.

Whether it’s sourcing new vendors, tracking performance metrics, or maintaining governance and compliance, VENDOR iQ acts as the intuitive co-pilot for firms navigating the increasingly complex vendor landscape.

VENDOR iQ brings a unified data view, assimilating data across various platforms and third-party solutions—much like Microsoft’s Supply Chain Center.

This unified data environment empowers wealth and asset managers to make more informed decisions, quicker.

Technological advancements continue to redefine the contours of supply chain management. As Oracle and Amazon Web Services also ramp up their supply chain capabilities, VENDOR iQ is being developed to offer the same advantages in wealth and asset management.

The introduction of AI tools like Microsoft’s Copilot represents a paradigm shift in how we manage and mitigate risk across supply chains. Vendor iQ is at the forefront of translating these advancements to the wealth and asset management world, offering a robust platform for a more efficient, data-driven, and risk-averse future.