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Supplier and Contractor Risk Management Software
A web-based solution to manage and mitigate supplier and contractor risk across complex business operations. As your supplier and contractor chains grows in size and complexity, so do the risks associated with them. Added to this comes extended areas of risk that you need to manage. This often involves auditing and evaluating suppliers against multiple facets, including safety, environment, quality, social accountability, security and business continuity – essentially, any aspect that can threaten your ability to continue to operate or cause reputational damage.
Continually assessing thousands of suppliers across many geographies against your own internal criteria or international standards is an almost impossible task, unless you are able to prioritise those that present significant risk and empower them to conform to your standards. That’s where Info Exchange comes in.
Info Exchange equips you with the ability to analyse supplier and contractor risk and thus make informed decisions on mitigating those risks with the following capabilities:
Third party access: with strong security/permission controls, your suppliers and contractors can be given access to Info Exchange to complete assessments and questionnaires, and upload associated documents (certificates, qualifications, licences etc), as well as submit statutory compliance evidence of works carried out
Contract award and renewal management: purchasing processes can be automated, freeing up time for your procurement teams to concentrate on more strategic commercial projects
Risk analysis and audit: your internal audit teams (or outsourced audit resource) will have complete visibility of supplier and contractor risk ratings and profiles. Sophisticated workflows and email notifications will also enable you to systemise corrective action management
A web-based solution to manage and mitigate supplier and contractor risk across complex business operations