{"id":5475,"date":"2024-07-29T15:27:30","date_gmt":"2024-07-29T15:27:30","guid":{"rendered":"https:\/\/locaterisk.com\/?p=5475"},"modified":"2026-09-01T15:50:25","modified_gmt":"2026-09-01T13:50:25","slug":"supplier-risk-management-made-easy","status":"publish","type":"post","link":"https:\/\/locaterisk.com\/en\/supplier-risk-management-made-easy\/","title":{"rendered":"Supplier risk management made easy"},"content":{"rendered":"
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\n\t\t\t\n\t\t\t\t\u2190<\/span>\n\t\t\t\tBack to Blog<\/span>\n\t\t\t<\/a>\n\t\t\t
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Last updated: September 1, 2026<\/p>\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n

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Supplier risk management for complex supply chains - made easy<\/h1>\n\t\t\t\t\t\t\t

Supply chains are becoming increasingly complex. They rank among the top three threats to the economy. At the same time, IT security requirements are on the rise. And with the EU\u2019s NIS2 regulation, many companies are now focusing for the first time on assessing and monitoring the security of their suppliers. Consequently, there is a great deal to assess and document. Traditional IT risk management processes are not up to the task. The continuous minimization of cyber risks posed by third-party companies is therefore essential for companies to safeguard their own value creation, business continuity, and competitiveness.

LocateRisk ensures the necessary progress and enables proactive supplier risk management, making supplier assessments more reliable, faster and supplier management much easier. Automated workflows, valid risk data, continuous monitoring and response functions for effective collaboration - everything is centralized in one place.
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Recognize cyber risks in the supply chain at a glance<\/h2>\n\n\n\n

Supplier risk management: Minimize workload and safety risks<\/h3>\n\n\n

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Security ratings serve as a basis for objective and comparable assessments. Our knowledge article explains how these metrics are derived and how they should be interpreted. What is a security rating?<\/a>.<\/p>\n\n\n\n

As the company grows, the number of business partners and the associated risk increases. This means even more checks, even more administrative work and even more costs. Anyone who sticks to time-consuming checking methods (even with Excel spreadsheets) in the face of these developments is risking their own competitiveness.
The good news is that the increase in supplier evaluations can be easily managed with automated processes. LocateRisk's Supplier Risk Management makes supplier monitoring simple, transparent and scalable at any time with objective, comparable assessments and standardized templates. This increases efficiency, saves resources and reduces costs.<\/p>\n\n\n\n