analysis and horizon scanning
that may arise from suppliers based on internal and external factors such as
supply chain disruptions, financial instability, regulatory compliance, and
reputational risks. Develop a risk management plan to mitigate these risks.
and nomination process:
criteria for suppliers based on their capabilities, capacity, quality, delivery,
price, and compliance. Nominate preferred suppliers based on the criteria.
& registration process:
and registration process to ensure suppliers meet the required standards and
compliance regulations. This includes verification of documentation,
certifications, and quality control processes.
profiling and mapping process:
Profile and map
suppliers based on their risk exposure to potential risks, such as geopolitical
risks, regulatory compliance, and financial risks. This process helps to
prioritize suppliers based on their risk profile.