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Supplier Risk and Performance Solution


MetricStream Supplier Risk and Performance Solution enables organizations to effectively manage, monitor, and track multiple stages of their supplier relationships. Built on the M7 Integrated Risk Platform - intelligent by design, the solution extends across the global supplier network, aggregating and mapping supplier and sub-supplier data for comprehensive transparency. The solution facilitates thorough assessments and audits of suppliers, thus maintaining a reliable pool of suppliers for each category of product or service. Through powerful reports and dashboards, organizations gain quick and comprehensive insights on their supply chain which then can be transformed into actionable business intelligence to support decision-making.

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Key Capabilities
Information Management

Enable all stakeholders associated with the supplier management process to view accurate and up-to-date supplier information.
Onboarding Due Diligence

Effectively manage supplier screening and onboarding, as well as new engagements with existing suppliers.
Continuous Risk Monitoring

Validate information on suppliers, and gain insights into their risk, compliance, and performance status with the help of feeds from industry content providers.
Performance Management

Define supplier performance metrics based on contracts and policies and assess and track each supplier's key performance indicator (KPI) scores.
Supplier Risk and Performance
More Insights
Articles
  • 3 Key Strategies to Mitigate Modern Supply Chain Risks

    Organization face multiple supplier risks ranging from IT and security, operational, financial, legal, brand and reputational risks.

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  • How to Manage GRC Change Smoothly and Successfully

    Moving to an agile, automated, and integrated GRC program can yield multiple benefits. But how do you enable this transformation in an efficient manner? Find out in this insight.

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  • Sharpening the Focus on Compliance During Times of Uncertainty

    This insight highlights key recommendations on how compliance professionals can step up, sharpen their focus and stay on top of existing and new risks facing their organization.

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  • 6 Reasons Why Organizations Need to Quantify IT and Cyber Risk

    Learn about the advantages of quantifying your cyber and IT risks to achieve a competitive advantage and a robust cybersecurity program.

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Solution Brief
  • Supplier Risk and Performance Solution Brief

    Supplier Risk and Performance Solution enables organizations to effectively manage, monitor, and track their supplier relationships.

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eBooks
  • A Holistic Approach to Compliance that Promotes a Culture of Trust and Integrity

    A strong compliance function is critical to organizational success. In this eBook, discover key focus areas in building a strong compliance function.

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  • Curated Insights on IT GRC

    Organizations today face a powerful cocktail of risks.

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  • Boosting Third-Party Risk Management in a Time of Uncertainty

    Just about everything we do today has some level of third-party involvement whether we’re aware of it or not.

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Analyst Reports
  • Chartis Research Report 2019

    MetricStream Positioned as a “Category Leader” in Six Quadrants in the Chartis Research Enterprise GRC Solutions Report, 2019

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  • We’re Delighted to Be Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools

    Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools, we believe that our positioning in the Magic Quadrant reflects the confidence that customers across geographies have shown in our IT Vendor Risk Management (VRM) solution which is built on the M7 scalable GRC platform.

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  • MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management Solutions

    Find out more about MetricStream’s positioning and the landscape of IT risk management solutions in this Gartner report.

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Customer Experience
Better Insights.
Better Decisions.
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Measurable Outcomes

Maximize the value of supplier relationships by assessing and tracking supplier risks, compliance, and  performance, in a streamlined and efficient manner.

  • 80% reduction in supplier onboarding time which improves business agility and responsiveness.

  • 50% reduction in the time and costs required to complete supplier assessments, and to identify risk.
     

  • Enhanced awareness of supplier risks by validating supplier information with leading industry content providers.

  • Higher confidence in sourcing and negotiation decisions with insights on historical supplier performance.

Gartner Magic Quadrant

MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management

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PRESS RELEASE

MetricStream enables organizations to mitigate compliance risks with enhanced intelligent regulatory content libraries, delivered on its integrated risk platform

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MetricStream Supplier Risk and Performance Solution enables organizations to effectively manage, monitor, and track multiple stages of their supplier relationships. The solution extends across the global supplier network, aggregating and mapping supplier and sub-supplier data in a common system for comprehensive transparency. The solution also facilitates thorough assessments and audits of both current and potential suppliers, thus maintaining a reliable pool of suppliers for each category of product or service. Through powerful reports and dashboards, organizations gain quick and comprehensive insights on their supply chain which then can be transformed into actionable business intelligence to support decision-making. 

Supplier Risk and Performance