Supply Chain

Supply Chain Module

This page contains information to assist our customers with utilizing the Supply Chain module in RegScale. It describes what it is, why you would use it, the benefits, and provides instructions on getting started.

What is it?

A supply chain is the set of vendors and subcontractors that provide goods and services that support an organization. Common synonyms for supply chain might include:

• Subcontractors
• Vendor Management
• 3rd Party Risk
• Contracts

Why would you use it?

The supply chain module is typically used to manage 3rd party risk for vendors and subcontracts. There are many reasons to manage the supply chain which include:

• Managing contracts (whether your contracts or subcontractors for your organization)
• Flowing down requirements to 3rd party vendors
• Assessing compliance of vendors with requirements
• Conducting vendor risk assessments
• Reviewing and approving contract related tasks

What are the benefits?

A strong supply chain program results in multiple benefits for an organization; to include:

• Providing oversight of the full portfolio of contracts
• Ensuring compliance with requirements for 3rd party vendors
• Reducing risk by scheduling assessments/audits and tracking non-compliances
• Providing active mitigations against third party risk while factoring risk into future vendor contracts
• Improving accountability for contract actions with digital workflow tools

How do I use it?

The supply chain module in RegScale Community Edition (CE) provides a number of key features that are useful in managing a robust program, to include:

• Manage contract schedules (when they start, when they end, when they renew, etc.)
• Conduct vendor risk assessments
• Flow down policy/compliance requirements to vendor contracts
• Conduct assessments for vendor compliance with flow down requirements
• Real-time tracking and dashboards
• Automation via our Application Programming Interfaces (APIs)
• Single pane of glass assignment tracking via our work bench
• Automated workflows for review and approval
• Interactive timeline builder
• Social collaboration via our News Feed (LinkedIn for Compliance) and real-time commenting system
• Secure vendor documentation management with our file upload and encryption system
• Audit history including every view, update, print, email, etc.
• Calendar view to see supply chain related events scheduled within any given period
• Dashboards, Status Boards, and Score Cards to visualize progress in real-time

For our Enterprise Edition (EE) customers, you get all the great features above, plus we add:

• Ability to create custom fields to extend the schema and build out customer specific data entry forms
• Integration with Microsoft Teams and Slack for real-time collaboration
• Ability to host a multi-tenant version to segregate data by site, customer, organization, etc. to run many different supply chain programs with complete data isolation from a single installation
• Real-time interactive dashboard with Microsoft PowerBI AddOn