Risk Central

CVM Risk Central technology module focuses on mitigating supplier risk through the proactive management of risk and compliance factors, relationships, and processes. Automate and streamline the capture of supplier risk and compliance data by providing current and potential suppliers with an easily accessible web portal to gather information. Suppliers can manage and maintain their information on the portal on an ongoing basis.

CVM views supplier risk and compliance management as not a one-time event but rather an on-going process throughout the supplier lifecycle. Thus, we designed CVM Risk Central with that concept in mind.

CVM Risk Central provides the following features:

• Identify risks up front – engagement and supplier risks.
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• Categorize monitoring level for each risk category – identify actionable risks.
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• Determine level of risk management required – transactional, tactical, and strategic.
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• Define monitoring plan based on risk segment.
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• Measure and take corrective action.

CVM Risk Central has five main goals:

• Automate the collecting of risk and compliance factors.
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• Create a customized consistent risk profile of your entire supply base.
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• Require suppliers to upload all necessary risk and compliance documentation.
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• Survey suppliers for specific risk and compliance programs.
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• Automatically rate and respond to changing risk and compliance factors.