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Supplier Risk Assessment

In the present economic scenario, securing supply chain to ensure smooth functioning and mitigate performance risk is deemed essential. Steeple Research provides the entire spectrum of risk analysis services customized to help clients manage complex supply chains and monitor their critical supply base.

Detailed risk analysis requires assessment of suppliers in terms of financial robustness and long-term business competitiveness. Essentially a supplier should fortify client’s capabilities, and possess the required financial strength to withstand any financial turmoil and augment competitive advantage in the long-term. It is, therefore, our endeavor to provide clients with sufficient data points regarding their supplier base. We assess supplier’s business stability and financial strength to support client requirements substantiated through a scoring mechanism based on qualitative and quantitative factors.

Today’s global and complex procurement models, which have thousands of suppliers associated with the organization, make it extremely difficult to identify risks, let alone mitigate them. Steeple Research’s expert teams work towards identifying these risks by conducting a comprehensive, organization-wide risk assessment to determine what can go wrong thereby mapping the business stability of the supplier.

The assessment is done using various metrics, multiple sources of inputs, and augmented, data analysis to get an accurate picture of the current situation. The risks are then scored and prioritized, based on their likelihood of occurrence and potential impact on business. The process involves a combination of in-depth primary and secondary research capabilities with rigorous financial and quantitative research methods – the end product is insightful, real time and predictive in nature. Steeple’s approach towards third-party risk management ensures that your organization is capable of handling any business uncertainties effectively.

  • Case Study
  • Testimonials

The client, a US-based apparel brand, intended to re-evaluate the ‘in-house manufacturing’ strategyand identify most suitable low cost sourcing destinations.

A UK-based fast food chain wanted to evaluate its negotiating leverage against its prominent supplier for an upcoming contract renewal

A real estate consulting company intended to assess the cost of commencing a 50-member software firm in capital cities of select developed and developing countries

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“Their hard work was clearly visible in the report presented to us. Focus on generating actionable insights while always keeping in mind the end objective. I would definitely recommend other departments in my company to work with them. My compliments for a job very well executed."

~Global Oil & Gas Company

“Engaging them (Steeple) for the first time, I would say that we have never had a better experience of working with a knowledge partner. Analysis presented for the supplier landscape as well the sourcing strategies were of apex quality. Very well done. Commendable commitment and professionalism."

~ Fortune 100 Chemicals Manufacturer

“Never again have to worry before entering in a new geography as we have our supplier identification specialists (Steeple). Please accept our appreciation guys. Keep up the good work and thanks for supporting us.”

~ Leading Quick Service Restaurant Chain

“Knowledge partners like Steeple do not realize the kind of difference they make to us. Your should-cost modeling exercise was a great help. Managed to save nearly $2 million of our annual costs using your analysis. Please congratulate your team on our behalf. Outstanding work guys. Cheers”

~ Fortune 100 Pharmaceutical Company

“The report is excellent. After this level of service delivery and commitment, I would definitely ask my colleagues to engage with you. Your work is greatly appreciated.”

~Leading Auto-Ancillary Parts Manufacturer