Supply chain and vendor risk
Know which suppliers matter, then keep watch
Supply chain risk starts with knowing who your suppliers are and how much you depend on each. This page covers the supplier register and the record it builds.
See where you stand
Most businesses cannot list their suppliers.
No complete list
Software, hosting, payroll and advisers each hold some of your data. Few businesses have all of them in one place.
No sense of what matters most
A tool used by one person is not the same as the system that runs every invoice. Without a ranking, everything gets equal attention, or none.
Nothing to show when asked
When a client or insurer asks how you manage suppliers, there is no dated record to hand over.
What changes
From a guess to a record.
First
Every supplier is listed once, with what it does for you and what data it holds.
Then
Suppliers are ranked by how much you depend on them, and the ones that matter are monitored.
Ongoing
Reviews are prompted on a schedule and the record stays current.
How it works
How it works.
Build the registerOne list of suppliers, with an owner for each relationship.How this works underneath
Each supplier entry holds what the supplier does, the data it handles, the person who owns the relationship and the date of the last review. Staff in your business can be reminded when reviews are due.Rank and monitorSpend attention where the dependence is greatest.How this works underneath
Critical suppliers can be monitored through Black Kite for outside-in ratings and change alerts. The supplier risk page explains how monitoring works.Keep the recordReviews, ratings and follow-ups are kept with dates.How this works underneath
The supplier register can be exported. Findings can feed the risk register, and supplier information appears in your when a client or insurer asks.
What it connects to
Monitoring with Black Kite.
Critical suppliers can be rated from the outside, with no forms for the supplier to complete.
A small example
What this can look like.
- Situation
- The studio has eleven suppliers in people's heads and in old emails.
- What changes
- All eleven go into the register. Three are marked critical because they hold client files or run payments.
- What happens next
- The three critical suppliers are monitored and reviews are scheduled.
- What the owner can say
- "Here is every supplier, how much we depend on it and when we last checked."
This is an invented example to show how the module works. The names and figures are not a real customer's.
What is in it
What is in the module.
Supplier register
Suppliers, what they do for you, the data they hold and who owns each relationship.
Review reminders
Prompts so supplier reviews happen on a schedule.
Supplier ratings
Outside-in ratings for the suppliers you choose to monitor, from Black Kite.
Export
The register can be exported when a client, insurer or auditor asks for it.
Questions
Common questions.
This page is about the register: knowing who your suppliers are and how much you depend on them. The supplier risk page covers outside-in ratings and alerts for the suppliers you monitor.
Start with the ones that hold your data or that your business would stop without. You can add more later.
Yes. The register can be exported, and the dated reviews give you something concrete to share.
Related
Works with.
Start with your supplier list.
The free readiness assessment shows you where you stand and what to fix first. If we are not the right fit, we will tell you that too.