The Cost of Doing It Yourself Many of our customers previously invested scarce vendor manager time in time-consuming risk programs that covered less risks, less suppliers and had less follow-up to reduce identified risks. The result was: • Stacks of supplier files that are hard to sort through & make sense of • Incomplete and inconsistent data • Maintenance headaches for you and your suppliers • Little revenue protection The Do It Yourself (DIY) approach raises organizational costs by assigning time-intensive risk management tasks to vendor managers: DIY Data Collection (4 hours per supplier) • Define survey risk areas, questions and messages • Send. Respond to supplier questions, track & follow-up • Follow-up on inconsistent/skipped site responses   DIY Risk Reduction (12 hours per supplier) • Analyze capabilities and risks of each site • Request specific mitigations & compliance dates for each site • Communicate, track & follow-up until site risks addressed • Update survey next year and start again Internal costs mount quickly from a DIY supplier risk reduction program: • 100 suppliers   * 16 hours * $50 = $80,000 per year • 500 suppliers   * 16 hours * $50 = $400,000 per year • 3000 suppliers * 16 hours * $50 = $1,600,000 per year Resource constraints force DIY teams to limit scope to top-spend suppliers while leaving out many other suppliers of single/sole source parts and unique production capabilities and critical subtier suppliers. Some top-spend suppliers are reviewed in great depth while other critical suppliers receive little review at all. Revenue remains at risk from critical suppliers with no disaster recovery plans testing, poor environmental safeguards, etc. BCMexperts implements far more comprehensive and effective risk mitigation program, and at a small fraction of the cost of DIY, it is very affordable. Contact us for a quote & solution demo Copyright © 2012 BCMexperts -- Be in Control of Supplier and Subtier Risks™. All rights reserved. Privacy Be in Control of Supplier and Subtier Risks Download brochure with report examples Sign-up for the BCMexperts Supply Risk newsletter HOME          SOLUTION          TRIAL          INSIGHTS          NEWS          CONTACT US