Target Subscription Level

Supplier Identification Knowing who your suppliers are is the first step in risk management. It allows you to understand the key players in your supply chain, their roles, and their contributions to your projects.

Legal Identity Verification Confirming the legal identity of a supplier ensures that you are dealing with legitimate entities. This reduces the risk of engaging with fraudulent or unregistered businesses that may cause disruptions or legal issues.

Tax Compliance Verification Verifying a supplier’s tax compliance and legality is crucial. Non-compliant suppliers can pose significant financial and legal risks. Ensuring tax compliance can also help avoid potential tax-related penalties for your company.

Compliance Level Understanding a supplier’s adherence to compliance standards is essential for assessing their reliability. Suppliers with a strong compliance record are generally less likely to cause regulatory issues or project delays.

Membership Renewal Tracking Knowing when a supplier’s membership is up for renewal allows you to anticipate any potential disruptions in the supply chain. It ensures that you can proactively address any issues that may arise during the renewal process.

Turnover Insights Supplier turnover provides insights into their financial stability and capacity. Suppliers with a healthy turnover are more likely to meet your demand consistently. Monitoring their turnover helps you assess their ability to weather financial challenges.

Supplier Diversity Understanding the diversity of supplier types in your supply chain is essential for risk diversification. Relying on a single type of supplier can be risky, as issues affecting that specific type could have a cascading impact on your projects. A diverse supplier base can mitigate such risks.

Subscription Verification Status Assessing the verification status of suppliers helps you identify potential risks related to their reliability. Suppliers who have completed verification are likely to be more trustworthy than those who are not yet verified.

Supplier Turnover Distribution Categorising suppliers based on turnover gives you an overview of the financial scale of your suppliers. This information is crucial for assessing their capacity to meet your demand.

In summary, the supplier profile information provides valuable insights into the reliability, financial stability, compliance and diversity of your supply chain. By using this data, you can make informed decisions, mitigate risks, and ensure smoother project execution. It also helps in identifying potential weak points in the supply chain and allows you to take proactive steps to address them before they become significant issues.