Vivecon Corp., a provider of supply chain risk management solutions, announced two new offerings that enable automakers to optimize tooling, capacity and sourcing decisions. The Strategic Component Manager and Tooling & Capacity Manager software apply financial engineering techniques to deliver business intelligence that factors demand uncertainty and supply risk into automakers' decisions.

Unlike traditional supply chain analysis software that uses historical data to describe transactions and events that have already happened, the software provides risk monitoring and hedging capabilities. Using the software, auto manufacturers and their suppliers can, for the first time, anticipate the effects of changing demand and market uncertainty to minimize the disruptive effects of supply-demand mismatches.

The software enables automakers to structure more flexible and responsive supply contracts for components and raw materials without increasing liability risk to themselves or their suppliers.