Supplier management enabled by risk intelligence

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This presentation looks at financial risk, reputational risk and how you can integrate risk intelligence into your supplier management.

Bureau van Dijk is the leading publisher of company information and business intelligence

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Supplier management enabled by risk intelligence

  1. 1. Supplier management enabled by risk intelligence Ted Datta Strategic Account Director BvD UK & Ireland
  2. 2. What is supplier management? “The commercial business discipline that involves the pro-active, holistic, management, and monitoring, of suppliers and partners, with the primary goal of optimising efficiency and competiveness, whilst mitigating risk.” 360 Supplier View
  3. 3. What is risk? “The effect of uncertainty on objectives” How many European companies placed into receivership in the last two weeks? - 30,719 - 11,260 - manufacturing, construction, logistics or telecoms - 520 > 50 employees
  4. 4. Supplier risk management in practice “Nearly half of senior executives say their supply chain management programmes are insufficient or ineffective” Deloitte, Feb 2013
  5. 5. 1. Financial risk 2. Reputational risk 3. Integrating risk into supplier management
  6. 6. Risk: If I do this is it going to hurt?
  7. 7. Supply chains are vital to business performance... ...and they’re becoming increasingly complex
  8. 8. So where do I go to assess supplier risk?
  9. 9. Data from the right provider can help…
  10. 10. Hallmarks of good external content providers... - Global perspective - Reliability, quality and variety of content - Easy to interpret - Innovative, intuitive technology
  11. 11. Hallmarks of successful procurement teams… Agile StrategicInquisitive Collaborative
  12. 12. The world changed and it’s still changing….
  13. 13. 1. Financial risk: traditionally boiled down to…
  14. 14. 1. Lets take a wider view…
  15. 15. 1. And lets focus on financial strength...
  16. 16. 1. If we view the same supplier… John Doyle Construction
  17. 17. 1. Detailed insight into long-term financial stability
  18. 18. 2. Reputational risk: Know Your Supplier/Partner
  19. 19. 2. Who am I actually buying from?
  20. 20. 2. And who’s actually behind that company?
  21. 21. 3. Integrating risk into supplier management
  22. 22. 3. Take control of your supplier data Internal data External data Common identifier
  23. 23. 3. Make it part of your segmentation strategy
  24. 24. 3. Understand where it can add value?
  25. 25. 3. Enhanced evaluation and on-boarding capability
  26. 26. 3. Source and benchmark alternatives
  27. 27. 3. Deliver risk management updates to your senior leadership team
  28. 28. 3. Take the lead on corporate & social responsibility reporting SME Adverse Press Environmental Risk
  29. 29. 3. Leverage your corporate spending power
  30. 30. 3. Understand your impact on supplier health
  31. 31. 3. Dashboard environment to monitor risk intelligence on your strategic suppliers
  32. 32. Best practice supplier management - employs risk intelligence to: 1. Conduct robust selection, evaluation and on-boarding of key suppliers 2. Monitor, and report on, the financial health of all strategic partners 3. Mitigate reputational risk by knowing who your suppliers are 4. Capitalise on opportunities to leverage corporate spending power 5. Shape on-going business planning and relationship management strategy
  33. 33. Stand 12

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