More than ever, regulators, NGOs and consumers are scrutinizing food companies’ sourcing and supply chain practices. Bureau Veritas’ SafeSupply platform helps businesses assess their suppliers by feeding macro data and supplier-generated information into a powerful algorithm to rank supplier risk.
Actors throughout the supply chain are facing increased scrutiny of their QHSE and ESG practices. Failure to meet these standards can lead to product recalls, reputational damage and loss of market value. However, for businesses with large or complex supply chains, enforcing uniform policies and audits can be both challenging and expensive.
SafeSupply is a platform that allows large corporations to map their supplier network according to their risk. Using macro data (including both public information and Bureau Veritas audit and inspection reports) as well as supplier-generated questionnaires, SafeSupply calculates a detailed risk score for each individual supplier. The risk algorithm relies on a high variety of information, taking into account supplier location, type of products supplied, and customized information shared by each supplier. SafeSupply allows large corporations to mitigate the risk associated to their supplier network, and enables suppliers to develop and implement plans for improvement.
on your suppliers’ QHSE and ESG practices
by identifying major risks within your supplier network
in the excellence of your sourcing and supply chain best practices
by focusing on the riskiest suppliers
Bureau Veritas can assist with your organizations journey to supply chain transparency. Safe Supply utilizes ESG scoring as well as direct supplier information to help manage your supply chain effectively. Safe Supply, powered by CMX.
A technologically savvy approach to risk assessment
The SafeSupply platform takes a data-based approach to supplier risk assessments. SafeSupply combines macro data from sources such as the World Bank and NGOs, with self-assessment questionnaires from suppliers, and information coming from Bureau Veritas audits results database regarding risk by product type and by production region. This methodology produces a comprehensive, objective and mathematically-sound view of risk for suppliers.
An opportunity to minimize risk
The aim of SafeSupply is two-fold: to allow food companies to identify risk, and to create an opportunity for supplier improvement. SafeSupply helps food companies develop improvement plans and work with suppliers to implement them. Auditing programs help riskier suppliers monitor progress, while companies with strong ratings can reduce auditing.
Helping food companies prioritize audits
In addition to providing a proactive plan for food supply chain management, SafeSupply offers a directed approach to auditing. Food companies can make more efficient use of staff time and audit budgets by spending time and money on the most critical areas of development.