Vendor Reporting System
The Verego Vendor Reporting System (VRS) is a comprehensive online platform for Buyers to identify and mitigate potential risks within their Supply Chain, while allowing Suppliers to continuously improve their Corporate Responsibility (CR) performance. This new approach is based upon the comprehensive Verego SRS Standard so that the right questions are asked of Suppliers with the right tools to assure the results of the evaluation are accurate, analytical, and actionable.
Why do organizations assure their Suppliers are operating responsibly?
- Create a holistic approach to supplier evaluation beyond traditional metrics of cost, quality, and delivery
- Understand supplier performance across key issues of Social Responsibility
- Identify strengths and gaps within their Supply Chain’s capabilities and resiliency
- Benchmark supplier performance to promote continuous improvement and subsequently reduce supply chain risk
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Verego’s dynamic performance management system allows data to be collected from global suppliers and from corporate sites to be aggregated at the organization level. With data collection and audit functionality, Verego’s online platform can ensure the proper implementation of policies and the accuracy of key performance metrics. The system will automate the analytics and generation of reports to synthesize outputs for corporate or stakeholder reporting.
Whether specifically evaluating climate metrics or a more comprehensive approach to responsible performance, Verego’s platform has questionnaires to address a range of issues (i.e. GDPR, Diversity, Community, etc.).