Supplier Management Plans
Supplier management plans are the system generated outline of activities, actions, milestones, assessments, risks, and meetings that underpin your core business processes. Portt Discover automatically generates this framework when a management plan is launched for a supplier.
Typical management plans include:
- Supplier Onboarding Process
- Supplier Due Diligence
- Supply Chain Risk
Supplier Risk Management
Portt Discover provides you with all the tools you need to successfully assess, manage, and mitigate your supplier risk. You’ll gain a comprehensive view of third-party relationships, ensuring that you understand the impact any disruption might have on your business.
Using an extensive range of public, private and supplier direct data sources, Portt Discover will take you far beyond traditional risk management practices. You’ll obtain a full view of regulatory compliance, supply chain risk and supplier integrity (including negative media) that will give you the tools you need to understand, mitigate, manage and ultimately predict risk.
Supplier Performance Management
Successfully manage your supplier’s performance in a clear, concise and collaborative manner. With a bit of help from Portt, you’ll gain clear visibility of both supplier and stakeholder performance.
With Portt Discover, you’ll be able to:
- Identify, tier, and link your suppliers to industry, service, and individual capabilities
- Create scoring frameworks and measure contract achievements across multiple data points
- Create bespoke assessments to provide a 360-degree overview of supplier performance
- Understand and effectively use qualitative feedback within your supplier meetings to improve outcomes
Capability and Innovation Management
Effortlessly manage innovation with your suppliers by enabling detailed collaboration as part of your supplier management processes.
Through increased transparency and simplified interaction, you’ll be able to strengthen innovation frameworks that improve long-term capability across your organisation and allow you to identify and prioritise more efficient workflows.
Portt takes the pain out of managing your innovation pipeline and building the steps you need to drive value and improve outcomes in your supplier relationships.
Modern Slavery Risk Management
Compliance with Modern Slavery legislation requires every business with a turnover of more than $100 million to identify and address risks in their supply chain. Portt helps you effortlessly meet your legislative compliance by providing you with the tools you need to design, assess, mitigate, and report on modern slavery.
Your organisation will receive a detailed and robust supplier assessment framework that allows you to focus on your engagement with high-risk suppliers, ensuring clear accountability from the suppliers to their obligations. With Portt, you’ll gain:
A modern slavery risk management framework
Detailed risk assessment and validation on all impacted suppliers
Due diligence tools to assess operational and supply chain risk
Strategies to mitigate and remediate identified risk
Continual monitoring of the identified risk
A reporting framework to enable outcome clarity
Supplier Onboarding Process
Simplify your supplier onboarding process with Portt’s bespoke series of supplier onboarding measures. Your organisation will gain absolute certainty that every supplier is joining your supply chain in a way that allows you to manage the relationship and risks effectively.
For instance, Portt Discover will send you down an onboarding process with only two or three steps for a low-risk supplier. However, a thorough, multi-party due diligence process that maps out all risks will be created to give you peace of mind for higher-risk, new suppliers.
Either way, Portt Discover saves you time with your supplier onboarding process and sets you up for a low-risk, high-value relationship with all suppliers.
Supplier Due Diligence
Gain complete transparency of your suppliers (and their suppliers) and empower your team to create and conduct effective supplier due diligence processes.
This increased visibility gives you a heightened capacity to understand key risks, such as Modern Slavery and Human Trafficking exposure.
With Portt Discover’s innovative supplier due diligence features, you’ll be able to:
Create supply chain overviews by linking suppliers together in chains that can be as deep or as wide as required
Create and manage risks, issues, milestones and ongoing activities with your suppliers
Create response plans and automatic responses for supplier risk categories and status
Create scoring frameworks to determine supplier risk
Flag suppliers with various watch lists and gain the ability to place them on blacklists or ‘do not engage’ lists
Supply Chain Risk
Portt Discover’s integration with Bureau van Dijk and Orbis allows for next-level supply chain risk management and mitigation. Seamlessly connect your master supplier database with over 190 external data providers to ensure you know more about your suppliers than ever before.
Port Discover provides you with detailed supply chain mapping and management capability to whatever depth you desire. Create relationship maps with your suppliers and your suppliers’ suppliers to understand risk, feasibility, social impacts and capture information key to your supply chain continuity.
Our world-class risk management software allows you to easily configure risk mitigation and response plans for supplier risk categories, create scoring frameworks for determining supplier risk and policy adherence, and automate your responses for when due-diligence database changes occur.