Improve Supplier Risk Management with Software
Organisations have a responsibility to complete any required due diligence when assessing suppliers, to ensure they are compliant with required legislation, have improvement targets, and are aligned with company policy. Therefore, supplier risk management is of the utmost importance.
By having robust processes for to manage supplier data in place, including the use of smart technologies, you can significantly mitigate supplier risk.
With ARCUS® Supplier Management Software, you can have confidence that suppliers are compliant with all relevant legislation and policies.
How can ARCUS® help with Supplier Risk Management?
- Automated reminders are sent to suppliers to update their data
- Reduced information silos
- Full audit trail
- Integrated information from trusted data sources
- Artificial Intelligence verifies documentation
- Suppliers input information directly using configurable questionnaires
The Modules
Comprehensively onboard your suppliers directly into a centralised system, eliminating re-keying risk. AI and API integrations increase opportunities for data verification.
Maintain a centralised database of product specifications on vital details, from nutrition to allergen information, which can then be seamlessly pushed into downstream systems.
Assess supplier risk straight from initial selection through tailored questions, artificial intelligence and API integrations.