Your Guide to Supply Chain Risk Management
A healthy, reliable supply chain is at the core of any business that needs to move goods or supplies. Supply chain risk management makes sure you know everything you can in order to spot vulnerabilities, mitigate risks, and make informed business decisions.
From financial warning signs, to criminal or civil court cases, or issues with past performance or reputation, make sure there are no hidden risks involving anyone you’re about to do business with.
Why Supply Chain Risk Management Matters
It’s important you have confidence everyone involved in your supply chain is capable of meeting your needs.
As with any business process, there are risks involved in relying on third parties within your supply chain. If they don’t fulfill their obligations, the risks might include
- Disruptions or stoppages in operations
- Shortages of materials
- Inability to meet demand for products
- Damaged reputations
- Reduced profitability
Let Business Screen uncover any red flags before you enter into a business relationship. These warning signs can be related to companies or their key people, and can include hidden financial, reputational, civil or criminal matters, both current and past. Keep your supply chain, and your business, running at peak efficiency by identifying and mitigating these potential risks.
Below, we’ll cover what you need to know about our investigations into potential supply chain partners, and how a robust due diligence process can protect your business interests.
What Is Supply Chain Risk Management?
In short, supply chain risk management involves identifying potential issues within the supply chain and taking steps to avoid them or reduce their effects.
While some supply chain issues are internal in nature, such as predicting raw material needs or market demand, others are external. Since they involve third parties, external risks are harder to identify and mitigate.
When you rely on other companies to keep your products, raw materials, or supplies moving, it’s important to know all you can about them. Is the business stable, reputable, and capable of meeting its obligations?
Risks occur when these third parties lack stability for any reason, and disruptions to your supply chain can be costly. Knowing all you can before entering into a business relationship is a key way to protect your interests. Find out more about our supply chain risk management services.
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What can The investigators uncover?
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How to Implement Supply Chain Risk Management
Gather Information
In any risk management investigation, step one is to gather basic information on the target of your due diligence. The minimum you’ll need is the name and home state of any companies or individuals you want to know more about. In some cases, such as when a name is very common, some extra information might be needed. Physical addresses, email addresses, or phone numbers can all be helpful.
Order your report
Once you have the information, you’re ready to take the next step. In a few short clicks in our easy-to-use online system, you can order your report and have our investigators start the process.
Why Business Screen?
Business Screen has extensive expertise in conducting background checks. Since 1996, we’ve provided more than 60,000 checks and helped more than 1,000 clients identify risks and avoid problems and liabilities. Many of our clients are returning customers. We offer:
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Explore a Sample Report
Executive Summary
The licensed private investigator who conducts your report provides a clear executive summary to help you make decisions.
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Alert Summary
See any risk alerts at a glance in the summary rollup at the top of the report.
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Detailed Risk Assessment
See financial, operational, legal, and reputational risk exposure.
Message an Investigator
Still have questions? You can direct message your investigator.
Starting Your Supply Chain Risk Management Assessment
Starting a risk management assessment with Business Screen is simple. After an initial conversation to discuss your needs and tell you about what we do, we’ll ask for some basic information on your potential supply chain partner. Once we start investigating, you will have results in a matter of days.
Depending on your needs, our risk assessment can include:
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Business entity background checks
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Officer and executive background checks
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International background checks
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Ongoing monitoring (optional)
You can rest assured you will find out about potential red flags and hidden risks associated with anyone you’re about to do business with.
Don’t Delay Your Supply Chain Risk Management Assessment
Successful supply chain management is built on sound business decisions that are reached after analyzing all available data. Safeguard your interests and lay a strong foundation for future business success with an in-depth due diligence process to identify risks early as you build out your supply chain.
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Get Started Today
Your supply chain is essential to your business operations. At Business Screen, our goal is to give you confidence in your decisions about supply chain partners by providing verified, comprehensive reports in a simple format that gives you easy access to the information you need in one place.
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