Supplier Risk Assessment Program
CRS has partnered with GRMS (Global Risk Management Solutions) to provide its clients with innovative supplier risk assessment programs that assist companies to reduce exposure to global business risk and liability.
The GRMS Supplier Risk Assessment Programs provide your company with a comprehensive supplier risk assessment solution to effectively manage and reduce risk while conducting business with your suppliers in over 120 countries.
Supplier risk management is a top corporate objective but identifying and monitoring supplier risk on an enterprise wide basis is a difficult challenge for most companies. Managing suppliers in multiple countries as well as staying knowledgeable about the myriad of ever-changing global watch lists and compliance regulations is nearly impossible. Resources are limited, consistent standards are not applied, and consolidated reporting difficult at best.
GRMS' Risk Assessment Programs are designed to assist companies to identify and reduce risk in their supplier base on an enterprise wide basis. GRMS has specifically designed eight modules to mitigate and continuously monitor risk for U.S. based and internationally located suppliers. Each module provides consistent measurable standards which can be focused on strategic suppliers or can be tailored for a wider group. Each module can be easily implemented and includes robust reporting functionality.
Modules of the Supplier Risk Assessment Program include:
- Regulatory Compliance
- Insurance Management
- Reputational Protection
- Health and Safety
- Financial Stability
- Document Management
- Social Management
- Cyber Security
The GRMS Supplier Risk Assessment Program offers maximum flexibility for clients. If there are specific risk management or supplier management objectives your company is trying to achieve, please contact GRMS about developing a customized program.