Supplier risk management
Managing relationships and building partnerships to last is the key to successful procurement functions.
Our supplier risk solutions help companies to optimise their operations and achieve greater efficiency.
How well do you KYS?
We’ve all heard of Know Your Customer, which is increasingly important in a world of Anti-Money Laundering regulations and to help protect your business against fraud. But Know Your Supplier is a much less understood discipline.
At Company Watch we work with some of the biggest procurement departments in the country to help them actively manage their critical suppliers and reduce supplier risk.
Monitor your key suppliers
Active risk management of suppliers doesn’t stop when the contract is signed.
The ongoing monitoring of your key suppliers is a critical part of business continuity and growth planning.
Receive daily email alerts on the changes that matter to you. Stay on top of your supply chain management with a crucial financial overview of different categories of suppliers.
Contract delivery
Supplier failure and the domino impact on other companies can bring your business to a standstill. Supply chain management isn’t just about finding the best price for a contract, it is ensuring that a contract can be delivered in time and on budget.
With our focus on medium-term risk and modelling tools to help you forecast further into the future, we enable you to spot problems early and give you the evidence you need to have relevant conversations with your suppliers.
Identify alternative suppliers
It takes valuable resources to locate and build a productive supplier base: our platform allows you to manage your current suppliers and gives you the tools to build up a contingency list of alternative suppliers.
The Company Watch Data Search and SearCHeD tools allow our clients to build a picture of potential alternative suppliers. These can be added to separate monitoring portfolios and provides a ready-made list for RFI processes or if risks are identified with current suppliers.
Supply chain risk solutions
Accurate, consistent and trustworthy information for people who need to understand the financial risks of doing business. Explore the different ways in which you can access our analytics.
Why Company Watch?
Our financial risk solutions provide intelligent and actionable insights, giving you an unbeatable edge when it comes to financial risk management.
Unlike other providers, we have the ability to map medium to long-term risk as well as short-term risk. As a result, you can accurately predict financial risks before they become financial losses.
Our Service
We help our clients manage their exposure to financial risk, giving them scores that look at a medium-term forecast, and the tools to allow them to look even further into the future.
Explainable
We provide ‘white box’ scores, which allow you to make evidence-based decisions and justify these to key stakeholders in your organisation.
Interactive
Being able to model scenarios and understand ever-changing risk has never been more important. We give you the tools to do that.
Time-Saving
With tools like our Director Matching and SearCHeD, we speed up your current risk management process and allow you to investigate risks in minutes.
Frequently asked questions
Supply chain management is the process of identifying risks associated with purchasing goods and services from suppliers. The goal is to reduce the risk of non-performance or poor performance by managing the contract terms and conditions. This includes identifying potential hazards, such as price increases, late delivery, quality issues, etc.
Supply chain management software, when used correctly, can lead to reduced costs and efficiency, improved quality and increased profitability. It can also help a company to gain a competitive advantage by improving its supply chain performance.
Learn how our supply chain risk management software can help build resilience too.
The most common supply chain risks include fraud, theft, waste, and supplier failure (either a direct supplier or a company further up the supply chain).
However, these risks can be mitigated by using appropriate controls, monitoring processes, and training staff to implement these things correctly.
Start by identifying critical suppliers – and then take a long view of risks within these supply chains. Once these risks have been surfaced and understood, the task of mitigating, communicating, and monitoring those risks can begin.
Read our 8-step guide to identifying supply chain risk here.
Supply chain visibility is the ability to track goods and information throughout the supply chain in real time.
Doing so enables companies to identify and resolve issues quickly and improve their overall supply chain performance.
"Company Watch has been integral to our ratings methodology since we first began. They are professional, helpful and supportive and look beyond the commercial angle to understand the issues we are looking to solve."
"All the way through our journey with Company Watch the training and support has been first class. I am such a firm advocate of the system that I have been recommending it to colleagues in other authorities.”
"Company Watch is integral to our credit review process and provides a service beyond everyone in the market. Their services are indispensable in delivering the financial information and analytics we need in a totally customised format."
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Discover how Company Watch can help you minimise your risk by using financial analytics to accurately predict company failures.