{"id":32489,"date":"2021-07-21T09:44:48","date_gmt":"2021-07-21T09:44:48","guid":{"rendered":"https:\/\/be.altares.dev\/?p=32489"},"modified":"2023-09-12T16:12:04","modified_gmt":"2023-09-12T14:12:04","slug":"know-your-supplier-manage-your-supplier-risk","status":"publish","type":"post","link":"https:\/\/www.altares.be\/en\/blog\/master-data-management\/know-your-supplier-zo-manage-je-jouw-leveranciersrisicos\/","title":{"rendered":"Know Your Supplier: Manage your supplier risk"},"content":{"rendered":"

Selecting a new supplier involves comparing options and tenders. In addition, you want to identify your supplier risks in a timely manner. In this blog, we provide a concrete solution, applicable to every organization, to make sure your Know Your Supplier process run smoothly.<\/p>\n\n\n\n

\"Vliegtuig<\/figure>\n\n\n\n

Welcome on board<\/h2>\n\n\n\n

Managing supplier risk starts with supplier onboarding. For the Know Your Supplier process, you need a lot of information about the new supplier. The information needs are different for every organization. For example, for one organization, it may be sufficient to only have the right contact information, but another organization really wants to know everything about the supplier to avoid surprises later. <\/p>\n\n\n\n

With our brand new solution Data Blocks<\/a> with data from our D&B Data Cloud<\/a> you can create your own set of data that is required for your KYS process. This means you only have to purchase the data you need in stead of huge sets of data that will not be used in the process. <\/p>\n\n\n\n

Here's how to use data strategically in your Know Your Supplier process<\/h2>\n\n\n\n

Because we have a wide range of data, Data Blocks helps with understanding supplier risks<\/a>, but the data can also be used for other procurement purposes, such as making sourcing decisions. We give you a number of concrete examples of what you can do with the data from the Data Blocks:<\/p>\n\n\n\n