{"id":39394,"date":"2022-10-27T11:17:39","date_gmt":"2022-10-27T11:17:39","guid":{"rendered":"https:\/\/www.altares.be\/?p=39394"},"modified":"2023-09-12T16:05:30","modified_gmt":"2023-09-12T14:05:30","slug":"know-your-supplier-manage-your-supplier-risk-3","status":"publish","type":"post","link":"https:\/\/www.altares.be\/en\/blog\/master-data-management\/know-your-supplier-zo-manage-je-leveranciersrisicos\/","title":{"rendered":"Know Your Supplier: This is how to manage supplier risk"},"content":{"rendered":"

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

\"Luchthaven\"<\/figure>\n\n\n\n

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

Managing supplier risk starts as early as supplier onboarding. For the Know Your Supplier process, you need a lot of information about the new supplier. The information needs are different for each organization. For example, it may be enough for one organization to just 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 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 of the variety of data, Data Blocks not only helps with the 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