4Risk

Takes Supplier Management beyond Risk, to include the Environmental, Social Value and Corporate Governance objectives

Key features

A single consistent source of Policy, Accreditation, Training and Measurement
Embedded methodology & standards
Integration to your third-party data sources

Request our demonstration suite

In the age of information, ignorance is a choice.

- Donny Miller

4Risk is 4C’s always on Risk Management service, designed to allow our clients to manage and monitor their supplier base effectively. Embedded with multiple procurement expertise, users can segment suppliers and monitor a diverse range of risk indicators, during the onboarding process and throughout the contract lifecycle.

Mitigating risk is essential to prevent major disruption to your organisation.

Understanding the key themes and characteristics of high-risk supply chains will ensure your organisation avoids exposure to this threat.

Integrated within the 4Dimensions suite, 4Risk supplier assessment partner Helios, has over 20 years’ experience in supplier management and procurement, ensuring your organisation is in safe hands.

Broadly, there are four main types of risk susceptible to your supply chain.

Regulatory
Reputational
Financial
Operational

Depending on your organisation’s priorities, potential suppliers will be required to complete a questionnaire, and share both corporate and compliance documentation required by the standards of your organisation. Suppliers are ranked as Bronze, Silver, Gold depending on criteria of your choice, such as environment, diversity, modern slavery etc. This data is automatically visualised in the 4Dimensional tool and accessible to users of your choice.

Integrated with 4Spend, this tool allows you to understand the stability of suppliers based on spend, ensuring forthcoming decisions are accredited and strategically led.

Testimonials

“We have been very impressed with 4C’s insights and analytics during a 10 month GNFR and GFR opportunity diagnostic and savings delivery programme. Following the initial diagnostic and execution, the team identified further 50% savings, resulting in the programme extension and the total savings of 2.5times the initial savings identified across Majestics UK, as well as its sister companies Naked Wines UK and Naked Wines US.”

“4C hit the ground running, bringing benchmarks and insight to our spend which helped us to identify significant savings opportunities. A sound savings methodology and excellent visibility allowed me to keep track of progress of the programme. In addition, good engagement with the business helped to drive through the changes”