Supply Chain Risk Management

Overall Supply Chain Risk Score Component: This gauge provides a comprehensive view of the total risk score associated with your current vendors, offering insight into the overall risk exposure within your supply chain.

New Vendors Component: Two-line graphs track the influx of new vendors. The blue line depicts the number of newly onboarded vendors for the current week, while the gray line reflects data from the previous week, aiding in trend analysis and risk assessment.

Critical Vendors and Most Spent Vendors: This section highlights the vendors deemed most critical based on their risk score and ranks the vendors by expenditure, allowing you to prioritize risk mitigation efforts and expenditure management effectively.

Overall Supply Chain Classification: Representing four classifications—Commodity, Operational, Tactical, and Strategic—this feature is color-coded to denote criticality, risk level, and expenditure, providing a holistic understanding of vendor classification dynamics.

Risk by Each Vendor: Vendor risk is ranked from high to low, enabling you to identify and prioritize risk management strategies for individual vendors based on their risk profile.

Overall Vendors Classification Quad: This component visualizes vendors across four classification quadrants—Operational, Strategic, Commodity, and Tactical—providing a comprehensive view of vendor distribution and classification, aiding in strategic decision-making.

Vendors: This section includes three tabs—Onboarded Vendors, To Be Classified, and To Be Assessed—facilitating organized vendor management. While only three vendor cards are displayed due to space constraints, a carousel button allows for seamless navigation and access to additional vendor information.

Current Vendors:

Onboarded Vendors: This tab displays vendors that are currently integrated into your supply chain, providing crucial details such as vendor name, classification, risk score, and expenditure. Organized and classified, this information enables efficient monitoring and management of existing vendor relationships.
To Be Classified: Vendors in this tab are awaiting classification based on their criticality, risk level, and strategic importance. By prioritizing classification efforts, you can ensure that vendors receive appropriate risk management measures and strategic alignment within your supply chain.
To Be Assessed: This tab identifies vendors that require thorough assessment to evaluate their risk profile and compliance with organizational standards and requirements. Assessing these vendors enables you to mitigate potential risks and ensure regulatory compliance across your supply chain network.

With these tabs, you can systematically manage your vendor ecosystem, from onboarding and classification to ongoing assessment and risk mitigation, fostering resilience and integrity within your supply chain operations.

Supply Chain Classification: Upon clicking the start button in the "To be classified" tab, a form will appear designed to gather information about a vendor. The form is designed to gather information about a vendor to classify them based on their criticality and spend within the supply chain. This classification will help determine the appropriate level of management and oversight for the vendor relationship.

Vendor Profile : Upon clicking the view profile button in the Onboarded Vendors tab, a page will pop-up and provides a summary of a vendor's classification and assessment within your organization. It helps visualize the vendor's strategic importance and potential risks, guiding appropriate management and oversight.

Supply Chain Assessment: Upon clicking the start button in the "To be assessed" tab, you will be prompted to choose one of the "7 Pillars of Assessment" to start evaluating. As you complete the assessment for each pillar, you can expect the progress bars to update, visually indicating how much of the overall assessment is done.

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