Supplier Link Is Useful For:
Supplier
Link
Imagine the time your team would save if your suppliers shared the required information, autonomously delivered, sorted, scored, and verified with evidence into an intuitive dashboard. According to a report by Supply Chain Dive, an alarming 65% of suppliers either do not respond or partially complete essential supplier questionnaires. This leaves the majority of supply chain risks undetected.
We created the Supplier Link to reduce the burden of information sharing and incentivize participation from your suppliers. Suppliers are invited to ‘link’ to your dashboard via their own private Supplier Link dashboard where they can share requested information and documentation, and receive valuable guidance, training, risk analysis, and alerts about their industry and business. Suppliers have the option to link their dashboard with any other company on FRDM they do business with, saving valuable time and increasing visibility for future contracts.
And best of all, it’s free for the supplier.
And best of all, it’s free for the supplier.
What if your supply chain operated like a social network, where information moved seamlessly and privately between buyers and suppliers?
Questionnaires Alone Don’t Work
The number one reason suppliers do not fill out burdensome questionnaires is the cost-to-benefit ratio is not in their favor. A study by McKinsey highlights that suppliers often find questionnaires to be time-consuming and redundant, as they are frequently asked to provide similar information to multiple customers. Suppliers may question whether their responses genuinely influence procurement decisions or if they are merely a compliance checkbox.
Relying solely on supplier questionnaires to address supply chain regulations poses significant challenges. A study by the Harvard Business Review (HBR) notes that supplier questionnaires are often prone to inaccuracies and inconsistencies, as suppliers may not always provide truthful or complete information due to various reasons, including the fear of losing contracts.
Additionally, questionnaires may not be sufficient to verify the authenticity of data provided. In an article by Deloitte, it's emphasized that supply chain regulations can be complex and dynamic, requiring in-depth knowledge and continuous monitoring. Relying solely on questionnaires may lead to a false sense of security and regulatory compliance, as they do not guarantee a comprehensive understanding of the entire supply chain or the ability to identify potential risks effectively.
Risk is dynamic, shifting and morphing often undetected. That's why FRDM offers a 360 degree perspective of supplier risk factoring location, industry, goods/services purchased, policies & procedures, sub-suppliers, commodities, and more.
How Supplier Link Works
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Choose one of your suppliers you want to
‘link’ to your FRDM dashboard.
‘link’ to your FRDM dashboard.
Supplier receives an email with a private link to sign
into their proprietary dashboard.
into their proprietary dashboard.
Once Supplier signs up a ‘link’ icon will appear on their
supplier profile on your dashboard.
supplier profile on your dashboard.
The supplier can respond to pre-loaded requests from you in the form of modules, such as Human Rights Module, GHG Calculator, LKSG Readiness Module, Modern Slavery Training Module, and more. Modules contain data requests, evidence based questions, documentation uploads, and more.
Once a module is completed, it’s moved into the Completed Module section, and all answers with scoring are available for the supplier
All data and answers from the requested module are sent to the supplier’s profile on your dashboard. Module answers are scored and logged, documents and certifications are loaded into the documents drawer.
Suppliers can perform additional modules as well and make available to you, as long as you’ve subscribed to the same module (ie GHG, Governance, Geopolitical ect).
Suppliers can view their module scores and FRDM Score.
FRDM creates reports and analytical tools based on all your linked supplier’s modules.
At any point you can add new modules for your supplier to complete. More features are being added to Supplier Link to enhance the experience for both you and your suppliers.
- UFLPA supplier due diligence
- Conflict minerals due diligence
- Supplier training
- Measurement of GHG Emissions
- Governance and Fraud Assessments
- CSDDD supplier policies assessments
- LKSG assessment of inorganic pollutants and mercury use
- Canada Modern Slavery Act compliance
- EU Forced Labour Ban
- Corrective Action Planning
- New Vendor Onboarding
