Minimize vendor risk

Problem

In today’s complex world, vendor risk management is just as critical to your organization’s financial health and competitive performance as your efforts to produce cost savings. The negative impact of a single event on your organization’s financial position or reputation is potentially huge, even devastating. Risk simply cannot be ignored, even whilst you work to reduce costs.

Solution

You can now maintain a high level of visibility of the information behind the key indicators of each supplier’s ability to perform and the likelihood of a problem, such as demonstrated qualifications and capabilities, quality and safety assurance processes, certifications and regulatory compliances and more. True visibility of supplier risk can be maintained through consistent, consolidated, and ongoing management of supplier information throughout the supplier relationship lifecycle.

Proactis capabilities:



  • Central supplier directory, contract register and information repository.
  • Supplier qualification tools to gain a thorough understanding of supplier capabilities, certifications, policies and procedures.
  • Sourcing and supplier selection tools to evaluate suppliers for their ability to deliver a particular set of products, or to perform a particular project or service.
  • Automated supplier and contract monitoring.
  • Supplier self-service profile maintenance with controls and alerts to make it easier for both you and your suppliers to manage information.
Solutions
Vendor Management Gain full control of the vendor lifecycle and improve performance
Sourcing Streamline, standardize and enhance all aspects of your strategic sourcing process
Contract Management Achieve complete contract compliance and drive maximum value from every supplier contract
Related resources
White paper
The key elements of an effective supplier risk management system
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Article
Supplier risk management: More than a one-time or periodic event
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