Suppliers-The_Basics_of_Onboarding_Compliance_and_Risk_Mitigation

More documents

Recommendations

Info

3. FINANCIAL CONCERNS PUBLIC VS. PRIVATE SUPPLIERS TAKEAWAY Start with basic financial analysis to drive supplier financial risk management. Even if a supplier’s complete financial records are not available, it is still possible to discern financials by behavior. If a supplier seems overly eager for payment (e.g., requires large payments upfront, is willing to accept large discounts in return for early payment) and there are large-scale delays, or unusual quality issues, those are strong signs that the supplier is in financial trouble. Businesses may also want to talk to the supplier’s bank or scan the news to verify financial health. There are also solutions to automate — on an ongoing basis — the gathering and assessment of publicly available information in these areas for specified lists of suppliers. PROFITABILITY
3. FINANCIAL CONCERNS (CONT.) LIQUIDITY ACTIVITY
Page 1 and 2: A REPORT BY AND SUPPLIERS IN FOCUS
Page 3 and 4: ADDING UP THE COSTS In this p
Page 5: 2. LAWSUIT INVOLVEMENT •
Page 9 and 10: 5. SUPPLIER CAPACITY MATTERS
Page 11: SUMMARY REFERENCES

Suppliers-The_Basics_of_Onboarding_Compliance_and_Risk_Mitigation

Create successful ePaper yourself

Delete template?

Save as template?