Takes Supplier Management beyond Risk, to include the Environmental, Social Value and Corporate Governance objectives
- A single consistent source of Policy, Accreditation, Training and Measurement
- Embedded methodology & standards
- Integration to your third-party data sources
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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.
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.