SAP Ariba Supplier Risk solution enables companies to achieve LKSG compliance
With SAP Ariba Supplier Risk, companies can assess and monitor their suppliers’ compliance with LKSG ( and other regulations. The solution provides a centralized platform for collecting and analyzing supplier data such as financial performance, environmental and social impact, and legal and regulatory compliance.
SAP Ariba Supplier Risk solution enables companies to achieve LKSG compliance by:
- Supplier adoption: SAP Ariba Supplier Risk’s supplier engagement assessment process enables you to request required data from suppliers. You can also assess new suppliers during implementation and monitor existing suppliers for compliance.
- Supplier segmentation: SAP Ariba Supplier Risk helps you categorize and organize suppliers by risk profile.
- Supplier Risk Assessment: SAP Ariba Supplier Risk can calculate risks that are affected by factors listed in the regulation.
- Risk prevention, risk mitigation and complaint management: SAP Ariba Supplier Risk offers management of issues related to risk exposure assessment
- Reporting: SAP Ariba Supplier Risk enables you to create reports that analyze regulatory compliance.
- Supplier collaboration: SAP Ariba Supplier Risk is linked to SAP Business Network to enable strong collaboration with suppliers. This includes self-assessments that facilitate compliance with requirements.
Monitoring and Managing Supplier Risk with SAP Ariba Supplier Risk
In addition, SAP Ariba Supplier Risk provides real-time monitoring and alerts to help companies stay abreast of any changes or developments related to their suppliers. This can
include changes in financial performance, legal and regulatory compliance, and other factors that may affect their risk exposure.
Overall, SAP Ariba Supplier Risk can help companies comply with LSKG by providing a comprehensive supplier risk and compliance management solution, including risk assessment, monitoring and reporting.
- On 11/09/2023