Verification Status by Compliance Level

Number of Suppliers by Subscription Level (Donut Charts) This visualisation helps you understand the distribution of suppliers across different subscription levels. It allows you to assess the diversity of suppliers in your supply chain, which is important for risk management and diversification. Having a diverse supplier base can reduce the risk associated with over-reliance on a single type of supplier.

Verification % by Compliance Level Focusing on each subscription level and displaying the verification percentage for suppliers within each category is crucial. It helps you quickly identify the proportion of verified suppliers within specific subscription levels. Verified suppliers are generally more trustworthy and reliable, reducing the risk of disruptions in your supply chain.

Supplier Information Table This table provides comprehensive details about each supplier, making it an invaluable resource for risk assessment.

Here’s how each component of the table contributes to risk mitigation:

• Supplier Identification: Easily identifying the suppliers being assessed is essential for tracking and managing your supplier relationships effectively.
• Legal Identity Verification: Verifying the legal identity of each supplier ensures you are dealing with legitimate entities, reducing the risk of fraudulent or unregistered suppliers causing disruptions.
• UTR Number for Tax Compliance: The Unique Taxpayer Reference (UTR) number helps assess tax compliance and legality. Non-compliant suppliers can pose financial and legal risks, so verifying their tax compliance is crucial.
• Turnover Insights: Understanding the supplier’s turnover provides insights into their financial capacity and stability. Suppliers with strong financials are more likely to meet your demands consistently.
• Verification Status: Quickly identifying whether a supplier has been verified against compliance levels is vital for assessing their reliability and adherence to standards.
• Data Sharing: Knowing if the supplier shares accreditation from another provider can provide additional insights into their qualifications and reliability.
• Contact Details and Head Office Address: Contact information allows you to reach out to the supplier for further inquiries or discussions. The head office address is important for logistical considerations and regional assessments.

Overall, this tab offers a comprehensive view of supplier verification status, subscription levels and detailed supplier information. This wealth of data aids in supplier selection and risk management by allowing you to prioritise verified, compliant and financially stable suppliers while also ensuring you have a diverse supplier base. It empowers you to make informed decisions, reduce supply chain disruptions and enhance overall risk mitigation efforts.