RiskWatch

Supplier Performance

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The Challenge

Within the scope of managing supplier performance, organizations face many challenges often stemming from limited visibility. These challenges include miscommunication errorsunreliable deliveryquality change, and a general failure to meet contractual obligations.

Executing effective supplier performance assessments requires a process that the supplier is able to adhere to without training and grants visibility to your organization. Otherwise, organizations’ struggle to assemble an action plan with missing data. They need to actively monitor trends to anticipate and address potential issues, and proactively prepare contingency plans.

Quality frameworks are also a challenge as suppliers need to meet custom and industry standards, and comply with applicable regulations to avoid risk and maintain high performance.

The Impact

Supplier assessments are typically overlooked in organizations with limited resources or an unorganized risk management process, which ultimately leaves them exposed and vulnerable to risks that will carry price tags much higher than initial risk management efforts.

Without a reliable platform to streamline assessments and automate key functions such as report writing and data analysis, companies struggle to complete their supplier assessments. This reduces the ability to select the best supplier for your organization and ensure they continue high performance.

Poor supplier performance ultimately impacts your company by causing your own quality of product or service to drop and delaying your shipments, therefore causing public perception to fall. In the end, company growth is severely stunted due to either reduced income or reduced funds able to be spent towards risk mitigation.

 

Achieve your Supplier Performance Management Goals with RiskWatch

Automated Communication

The RiskWatch platform automates communication, reducing manual labor and ensuring completion. The platform handles introducing new members to the platform and explains the tasks that are required of them. Automatic reminders occur as deadlines approach and escalation to administration occurs when progress does not occur as expected.
Streamlined Security Risk Assessments
Automated Compliance Management

Prebuilt Content Libraries

RiskWatch offers over 50 prebuilt content libraries that are ready for use in our platform. These libraries contain industry standards and regulations, lending subject matter expertise and guidance for organizations. Achieving compliance with these libraries ensures risk is minimized.

Data Collection Portal

The RiskWatch platform contains a data collection portal, which grants the ability to effortlessly collect data in assessments by eliminating the need to create login profiles for each participant. Need to collect information from a vendor or supplier? Just send them a link to your data collection portal to collect what you need – no training required!
Pre-built Content Libraries for Compliance Automation

Product Overview

An Intelligent Physical Security Risk Assessment Platform

SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.

An Information Security Risk Management Platform

CyberWatch is a modern assessment solution that can be utilized by various industries for cybersecurity and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cybersecurity, and track continuous improvement.

A Compliance Assessment and Management Platform

ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.

A Supplier Security Risk Assessment Platform

SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.

A Vendor Security Risk Assessment Platform

VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.

Reduce exposure to liability. Manage risk. Monitor and maintain security. Track continuous improvement. Sign up for instant access to a free trial.