GRMS

Supplier Risk Assessments


The Problem


HSE is a significant component of Supplier Risk but very difficult and expensive to analyze and manage.

Most companies are concerned with reducing HSE risk. How your suppliers, contractors and service providers manage the Health, Safety and Environment of their employees and sub-contractors is a significant exposure in terms of your supplier risk assessment process.

To attempt to mitigate this risk, companies either hire safety professionals to review safety manuals and metrics or they outsource to 3rd party providers that specialize in HSE risk management. Some companies develop a hybrid approach.

There are two inherent problems with these approaches. For those performing in-house, collecting and analyzing this information in a consistent, organized and scalable manner is nearly impossible. For those that outsource, the major service providers are extremely expensive to both the supplier and the company, and the process is so cumbersome and time consuming that some suppliers have to hire their own consultant to complete the review.


The Solution


GRMS along with a team of safety professionals, have created a comprehensive HSE program that is significantly less expensive and much easier to complete than the Avetta and ISNetworld programs. This new program enhances our existing enterprise-wide supplier risk assessment programs which include Digital Insurance Verification (DIV) and financial stability assessments.

Program Highlights:

GRMS Program Comparison:

Program Benefits:


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