Supplier Information and Risk Management
RSQS a cross-sector community which reduces the time, cost, resources and duplication needed to provide information to major buying organisations. We provide a risk management tool that objectively assesses potential vendor risks, proportionally to products and services being provided and across relevant areas of compliance. Holding common supplier information in a central system allows information to be accessed by all participating buying organisations, reducing duplication and giving wider market access.
All supplier information once validated is published for the community to search, analyse and report through a standard Internet browser, and can be exported into other applications or processes.
Supplier information is managed in stages depending on the risk of supply and therefore the type of information and extent of validation required. The level of supplier risk is determined through a configurable automated risk-based heat map defined with the client.
The Process
Initial stage
All suppliers complete a basic registration questionnaire on-line through the RSQS branded portal. This allows the system to develop a risk profile of suppliers determining whether the supplier needs to provide any further information.
Second stage
The second information stages are completed by supplier operating in higher risk areas. Suppliers complete a more detailed questionnaire including uploading supporting documentation where applicable. Our expert team quality check and validate all information which the supplier submits to ensure the information received comply to the highest quality, currency and accuracy.
Risk & Compliance
Hellios’ supplier information and risk management services support the growing and diverse nature of supply chain risk in today’s economy.
Demonstrating supply chain compliance and continual improvement is essential for legal, regulatory and corporate governance standards and as part of effective reputation management.
Supply chains across all industries have become increasingly complex, requiring procurement and supply chain management teams to manage a wide range of risks.
Our supplier information and risk management services provide systematic and consistent approaches to managing corporate-wide supplier compliance and reporting.
The extent of validation can be configured from supplier self-assessment to documentation checks.
To find out more about how we can support and enhance your third party due diligence, compliance and risk management requirements please contact us today.