Leaving tail spend unmanaged can expose the enterprise to significant reputational, operational, financial, and regulatory risk
To reduce risk, Bell Procurement Management goes beyond just looking at supplier financial risk in tail spend, we provide standardised onboarding, due diligence, inherent risk calculation, oversight and off boarding of third party vendors. Bell PM acts as an intermediary between customers and 3rd party suppliers, Bell takes on all the risk and liability. We negotiate on the customer’s behalf, not the supplier, to ensure the greatest savings and improved payment terms.
“We run the due diligence on the suppliers and also negotiate savings and contractual terms, which means clients get greater visibility of the ever-changing risk profile as well as the total cost of their tail”.
Designed to ensure you only transact with trusted suppliers, our Procurement Management Service collects and maintains risk information to provide assurance that compliance with local regulations is managed and maintained within frameworks that extend contract coverage and compliance.
By providing employees easy-to-use transaction services that give them fast access to pre-approved suppliers, we eliminate the risk of off-contracted spend.
Building supply chain resilience
Alongside assessing and certifying approved suppliers we constantly monitor supplier KPI performance and risk profiles. As part of our service, we utilise reporting and real-time analytics to highlight where potential risk sits in the supply chain, together with actionable recommendations on how to reduce this risk exposure.
Delivering deep insights into supplier networks, our supply chain management expertise ensures enterprises can quickly adapt their supply chain strategy to handle new operational and commercial demands.
Our approach features:
- Evaluate and monitor individual supplier risk profiles
- The application of deep real-time analytics to identify the evolving risk profile of supply chains and potential risk exposure
- Implement strict contractual procedures for low-value transactions
- Standardised of processes that improve compliance across the business
- The reduction of off-contract spend
- Conducting due diligence and new supplier accreditations
To find out more contact us