Supplier Risk Management
Business, Financial and Sustainability (BFS) Assessments and Supply Market Intelligence for Critical Suppliers
With critical suppliers playing a key role in organisations, any potential risks could cause major disruptions. Because of this, it is imperative for organisations to stay well-informed about the state of their supply chains, namely through frequent risk assessments. Avoiding unilateral assessments that simply review financial performance is important as that only highlights financial health indicators and does not reveal underlying issues within the business that could be cause of true deterioration. To ensure organisations are assessing their supply chains thoroughly, Able Research have formulated a proprietary risk assessment framework that monitors possible risks over 250+ Business, Financial & Sustainability (BFS) indicators. Additionally, our supplier monitoring framework assesses important developments related to suppliers.
With critical suppliers playing a key role in organisations, any potential risks could cause major disruptions. Because of this, it is imperative for organisations to stay well-informed about the state of their supply chains, namely through frequent risk assessments. Avoiding unilateral assessments that simply review financial performance is important as that only highlights financial health indicators and does not reveal underlying issues within the business that could be cause of true deterioration. To ensure organisations are assessing their supply chains thoroughly, Able Research have formulated a proprietary risk assessment framework that monitors possible risks over 250+ Business, Financial & Sustainability (BFS) indicators. Additionally, our supplier monitoring framework assesses important developments related to suppliers.
BFS – Our Extensive Risk Assessment Framework
Our BFS framework takes into account a supplier’s financial health as well as the overall business ecosystem and sustainability performance, with the objective to uncover all potential risks. Suppliers are measured against 250 risk indicators, with each facet including industry, geography and scale analysed in order to gauge vulnerability to risks. All findings are presented to the client in a comprehensive, solution-based manner in order to tackle problems that may arise. Our clients have positively responded to BFS and view it as a key component in enhancing their strategic sourcing ventures.
Parameters used for BFS assessments:
Supplier Intelligence Solution
CPOs now more than ever are in urgent need of solutions to effectively monitor possible risks their critical suppliers may face. Our multi-layered approach, which compliments BFS assessments, tracks supplier developments, real-time updates, quarterly and bi-annual earnings updates and newsletters outlining supply market trends. Category managers have found our solutions to be useful and an efficient way to keep track of their suppliers, whilst actively planning supplier engagement.
The solution is delivered through different channels, including:
Our BFS framework takes into account a supplier’s financial health as well as the overall business ecosystem and sustainability performance, with the objective to uncover all potential risks. Suppliers are measured against 250 risk indicators, with each facet including industry, geography and scale analysed in order to gauge vulnerability to risks. All findings are presented to the client in a comprehensive, solution-based manner in order to tackle problems that may arise. Our clients have positively responded to BFS and view it as a key component in enhancing their strategic sourcing ventures.
Parameters used for BFS assessments:
Supplier Intelligence Solution
CPOs now more than ever are in urgent need of solutions to effectively monitor possible risks their critical suppliers may face. Our multi-layered approach, which compliments BFS assessments, tracks supplier developments, real-time updates, quarterly and bi-annual earnings updates and newsletters outlining supply market trends. Category managers have found our solutions to be useful and an efficient way to keep track of their suppliers, whilst actively planning supplier engagement.
The solution is delivered through different channels, including:
- Real-time updates on developments
- Newsletters on suppliers and supply markets
- Reports on major risk indicators
- Quarterly financial performance review