Challenge: A large manufacturer was spending countless hours updating spreadsheets, reviewing supplier assessments, issuing corrective actions, and trying to track their suppliers' compliance, risk and performance ratings manually. They realized this manual approach wasn't sustainable as they continue to grow and vet additional suppliers. They began looking for a service provider that provided a single solution to help automate their assessment process, and improve their supply chain visibility.
Solution: They turned to BSI’s Supplier Compliance Manager-SCM solution to help streamline their trade compliance program and manage their suppliers. SCM allowed the organization to gain complete visibility into the assessment process, automatically push corrective actions, review and approve assessment completions online and prioritize their suppliers based on risk.
Results: By utilizing SCM, the organization was able to fully automate their assessment process, achieve supply chain transparency, effectively evaluate and track supplier compliance, and identify and prioritize high risk suppliers.
About the Solution Provider: BSI is the leading provider of supply chain intelligence, supplier assessment solutions, and auditing and advisory services. Our risk management suite is designed to help organizations predict and visualize risk to protect their supply chain, brand, and reputation. Our proactive approach, and global network empower clients to understand global security, corporate social responsibility, and business continuity risks with unequaled precision.