Procurement and Sourcing Professionals
Get expertise and assistance in selecting the right supplier to avoid legal, regulatory or reputational risks.
Our solutions can help you assess if your proposed supplier has the financial strength, delivery expertise and integrity profile that is favourable to your business.
Selecting the right suppliers is a growing field with a raft of new legislation and expectations being placed on procurement and vendor management teams. Those expectations are complex because they involve several different stakeholders in the company that represent the various functional groups that are now wanting to be involved in supplier compliance.
In the procurement of a new supplier, it is common to see the following people involved:
Legal to oversee contracts and legal risk, confidentiality, privacy, intellectual property
Compliance to consider FCPA and bribery risks (as required by law and policies)
Export control and trade compliance about in-bound licenses and approvals
Product teams for embedded licences, encryption and product quality
CSR teams for human rights, trafficking and supplier conformity with standards around environmental and sustainability
Finance for review of financials and business status
Product stewardship for use of conflict minerals
Privacy Counsel for review of use of private information and GDPR
Information services and IT for access to systems, hosting
- Safety for review of safety practices
Procurement professional? Contact us now to get help understanding the challenges of managing all these stakeholders and managing the onboarding process. Access our onboarding technology solutions for supplier as well as our data and intelligence P-A-Y-G and subscription products.
Why The Red Flag Group?
Knowledge. Having helped companies select and onboard more than 200,000 suppliers and individuals across 194 countries, we know what to look for in spotting and managing potential supplier risks.
Country experience. Your suppliers come from all around the world, and this is why we are as well. Our experts are placed across five continents and a total of 45 different languages are spoken.
Data. Access a database on companies and people that have been engaged in compliance issues, most of which are suppliers to global companies. If a supplier has been involved in a major compliance violation in any one of our 23 risk areas, it will be stored in our database and embedded into our technology platforms to provide you with the latest information.
Content expertise. Being risk experts, we help you spot corruption, what a conflict mineral is, where there are risks in the misuse of private information on individuals, or the intricacies of information security issues. Partner with us to get a broad domain of expertise. Know our team.
Technology. We have the platform to make all this information accessible as a SaaS offering with excellent implementation and ongoing managed services support.