Mitigating Supplier Risks Through EtQ Reliance
One of the key areas to achieving supplier quality is in risk management. EtQ’s risk management platform is designed to build risk capabilities within the supplier processes, and enable organizations to quantitatively assess supplier risks. Through risk-based supplier rating, companies can add risk assessments as part of the supplier scorecarding process, provide a more objective means of supplier assessment. Risk tools are able to be applied throughout the supplier management process, and provide an added dimension to inspection and monitor, risk-based supplier reporting, and overall mitigation of supplier risk through EtQ's Quantiative Risk management tools. The overall goal is to enable organizations to have a objective and repeatable means of selecting the suppliers that pose the lowest risk to their business.
Achieving Supplier Collaboration With The Reliance Cloud Portal
Organizations want to incorporate suppliers into the overall quality management process, but cannot afford to have them access their internal systems. To overcome this challenge, EtQ has developed the Reliance Cloud Portal, which is a cloud-based environment which enables suppliers and customers to access a secure environment that displays only the information that pertains to supplier quality management. The system then is able to integrate with your internal systems, which allows you to send information to suppliers, without them ever having access to your internal Reliance supplier quality management software system.