AMREP understands Supplier Risk Management Well
“Price is what you pay. Value is what you get’- Warren Buffet
At AMREP we define Supplier Risk Management as systematic quality control. It’s about actively monitoring and improving your supplier’s quality processes. It is also about getting a comprehensive understanding of your suppliers’ strengths and weaknesses so that you can accurately assess and manage the risk of supplier production problems. Without a good supplier risk management strategy, your company can suffer significant harm – brand and reputation damage, product delivery delays, supply disruptions, and additional costs.
Managing Supplier Risks is Managing Risks with Quality Inspectors of Quality
The DUPROs, in process and pre-shipment inspections that the standard third party inspection company offers you are defect identification tools. They do not go into your suppliers’ production or quality processes. With supplier risk management, we use audits, technical studies, process monitoring and a wide range of quality management tools to identify, assess, manage, and monitor these risks in your suppliers:
- Manufacturing risks – production factors that could disrupt or affect your supplier’s ability to meet your product quality and shipment deadlines
- Business risks – Financial stability, changes in the supplier’s management, personnel or business processes, customer service approach, is there a tendency to hide information from the customer
- Mitigation risks – the supplier’s ability to anticipate, handle and reduce production problems
Use AMREP to gain vertical transparency and facilitate ongoing data collection in your supply base. Use us to identify which suppliers pose the greatest level of risk to your product delivery, growth, and supply chain stability. Use AMREP supplier quality engineers to initiate supplier development activities with your suppliers and increase their productivity.
‘…there are people who try to look as if they are doing a good and thorough job, and then there are the people who actually damn well do it, for its own sake’ – John McDonald, Free Fall in Crimson
AMREP’s international network provides you with total quality assurance across your global supply chain and supplier tiers. Contact us at +1 954 4430046 now to find out more!