Supplier Management Products
Do You Know Enough About Your Suppliers?
When it comes to supplier qualification and risk management, it’s what you don’t know that matters. One thing is certain: when you outsource to CVM Supplier Risk Management Services, you’ll reduce the boomerang-effect of ignoring underlying financial, operational, and compliance factors within your supply base. Use our services to prequalify your suppliers before making sourcing decisions or, in a post-award environment, to reduce supply risk and ensure compliance.
CVM Supplier Risk Management Services: Reduce Supply Risk
at the Source
CVM Supplier Risk Management Services minimize supply risk and help you bring new suppliers on board more quickly. CVM proactively collects, tracks, and manages supplier intelligence, putting it in the right hands at the right time whether you require contract-specific financial risk assessments and executive briefings and compliance monitoring, or post-contract administration services.
Benefits with CVM
Use our solution to ensure critical information is updated and available to evaluate supplier risk, while reducing cost
- Determine what information and documentation your organization needs from suppliers.
- Qualify each supplier based on any criteria established by your organization.
- Determine data review frequency.
- To lower costs, choose a customer-paid, supplier-paid, or shared-cost model.
CVM will collect, verify, and manage supplier information – and make sure it reaches the right hands
- We rely on automated e-mail and phone-based follow-up to collect and verify supplier information.
- Continually conduct auditing and proactive monitoring.
- Set up automated workflows to trigger expiration-date alerts.
Manage risk when you rely on CVM Supplier Risk Management Services
- A single repository contains all current and prospective supplier information and documentation.
- The latest supplier intelligence and documentation are shared throughout the enterprise.