Business partners are good partners, as long as everyone works together smoothly. The focus is mainly on procurement conditions, as well as product diversity and quality. Important information and key figures about the business partner in question can fade into the background, primarily due to time pressure.
Stand out. Integrate your suppliers more closely. Improved transparency and electronic controlling tools enable you to avoid selection and supply risks, thereby significantly reducing your company‘s supplier risk.
The Risk Assessment tool covers all the information for operational and strategic procurement.
How you benefit
- Benefit from a quick survey form that your supplier can fill out in less than ten minutes
- Define risk-relevant key figures, such as up-to-date financial information, soft facts or forecasts, in advance
- Verify input for classifying risk factors in terms of plausibility
- Get reminders and escalations from Newtron
- Monitor the financial risk posed by your suppliers
- Make extensive assessments in the form of reports, charts and benchmarks
- Gain an automatic early warning system for your suppliers‘ financial risks
- Provide complete transparency
- Receive comprehensive reports with notes on abnormalities as risk analysis