Supplier risks: a key issue for securing your supply chain

In a globalized economy, supply chain disruptions, resource shortages, and cost increases impact you as a contractor. By identifying these risks early on, you strengthen your organization's resilience and secure your supply chain.

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the steps

The benefits of a supplier risk approach

Are you a buyer or purchasing manager who has to manage numerous service providers, suppliers, and subcontractors? You know that supplier risks can undermine your CSR commitments, regulatory compliance, and the strength of your relationships with internal decision-makers. With the AFNOR Group's risk mapping platform, you benefit from a strategic tool, designed by and for buyers, to manage your purchases responsibly throughout the entire life cycle of your products or services.

Source of figures: AgileBuyer-CNA

55 000business bankruptcies in 2024

2 out of 3Purchasing departments rank supplier failure as the number one risk.

42 %purchasing departments concerned about cyber risk

40 %Purchasing departments use AI on a daily basis.

The AFNOR Group helps you define your needs

Bruno FrelSupplier risk expertSee his Linkedin profile

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Implementing a three-step supplier risk management approach

Rely on a robust foundation of 13 CSR issues (environmental, societal, governance) to create a clear and comprehensive risk map, by purchasing category (950) and by country (170). The data is consolidated by AFNOR business experts and cross-referenced with reliable sources: ILO, World Bank, COFACE, etc.
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Each purchasing family benefits from personalized recommendations based on industry benchmarks. This allows you to mitigate gross risks, build a structured improvement plan, challenge your suppliers, and refine your specifications.

Necessitated by requirements for space savings, traceability, and sometimes legal evidence, electronic archiving and faithful digitization are processes governed by voluntary standards that specify how to proceed and what terminology to use. Are you an archiving service provider? Promote the quality and performance of your services with NF Service certification for "Archiving and outsourced management of physical documents." This
certification guarantees comprehensive management of the physical document lifecycle: handling of documents as archives, referencing, storage, and disposal in accordance with best practices.

Supplier risk standards you
need to know

NF ISO 31000
Risk Management – Guidelines
See in the standards store
NF ISO 20400
Responsible Purchasing – Guidelines
See in the standards store
NF ISO 37001
Anti-corruption management system
See in the standards store
NF EN ISO 26000
Guidelines on corporate social responsibility
See in the standards store
NF EN 17687
Public procurement - Integrity and accountability
See in the standards store

View all our standards on supplier risks Participate in drafting standards on supplier risks

Assessing supplier risks

Does your business rely on suppliers, service providers, or subcontractors? What risks do they pose if they fail? Our tools enable you to protect yourself: discover Acesia and risk mapping.

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