Risk

Supplier Risk Management

Configure the risk factors that matter to your business, collect the data directly from suppliers, and roll it up into quantitative risk metrics that prioritize where to act.

Business Challenge Key Features Business Benefits

Business Challenge

Growing outsourcing means growing supplier risk

As outsourcing increases, manufacturers depend on their suppliers more than ever for customer success. That has reduced cost, but at the price of greater supplier risk and less visibility into supplier operations, finances and location-based exposure.

Risk data is typically scattered across spreadsheets, emails and individual buyers' knowledge, making it hard to see concentrations, compare suppliers consistently, or respond quickly when conditions change. Manual risk reviews and delayed onboarding let issues slip through the cracks.

To manage risk proactively, companies need a single, consistent way to define risk, gather it from suppliers, and quantify it across the supply base.

Key Features

Define risk your way, then quantify it across every supplier

The solution turns scattered risk information into consistent, comparable metrics.

Configurable risk profileConfigure the risk factors that matter — financial information, geo-political location, and business-criticality factors such as direct versus indirect procurement or the product lines involved.
Risk-assessment surveys with no supplier loginMass-email a configurable risk-assessment survey with a link. Suppliers click and respond without logging into the system, reducing the need for supplier training.
Automated response trackingThe system automatically tracks which suppliers have responded, with reminders, and provides comprehensive scoring and reporting on the collected data.
Configurable risk metricsRoll components of the risk profile up into one or more configurable quantitative supplier-risk metrics, which you can use to prioritize risk-mitigation strategies.
Prioritized mitigationRank and segment suppliers by risk so your team focuses effort where exposure is highest.
One consolidated supplier viewRisk sits alongside quality, compliance and performance data on the same platform, for a 360° view of each supplier.

Business Benefits

Business benefits

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Reduced supplier riskIdentify and prioritize exposure before it becomes disruption.

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Consistent comparisonsQuantitative metrics let you compare suppliers on the same basis.

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Higher survey responseNo-login surveys make it easy for suppliers to respond.

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Faster response to changeRefreshable data keeps your risk view current.

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Cross-functional visibilityProcurement, quality and compliance work from one source.

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Better decisionsRoll-up metrics support clear, data-driven mitigation.

See supplier risk scoring on your supply base

We'll configure a risk profile, run a no-login risk survey, and show roll-up risk metrics.

Schedule a live demo