The QSS Group Limited - Procurement Risk Management

Procurement Risk Management

Running a railway is a risky business and the nature and scope of risk in the 21st century has accelerated, in particular the procurement related risk of supplier quality, price and delivery. The QSS Group Ltd (QSS) can support supplier related risk identification and management in the procurement cycle.

For safety or operationally critical materials and services associated with either traction & rolling stock maintenance and overhaul or infrastructure construction and maintenance projects this support places emphasis on:

the integration of risk management
the development of risk monitoring
the implementation of practices and tools to mitigate risk.

Supplier Evaluation and Approval
Risk management initiatives supported during supplier evaluation and approval include:

identifying risks at the outset
undertaking supplier audits
supplier FM&EA
a review of logistics and transportation risks.

Supplier Relationship
Collaboration with suppliers in the early detection of risk means forging and maintaining supplier relationships with the objective of developing and following up on risk mitigation plans. Acquiring specially developed risk-focused tools and services is a good way to contain and proactively manage these risks.
The QSS has, over the last decade, developed risk-focused tools and services that can support action plans:

to avoid or minimise supplier risk exposure
to continuously track potential risks and raise alerts
to act quickly and appropriately to minimise supplier realised risks.

In addition the technical qualifications and experience of QSS in the UK railway industry can strengthen specifications and other decisions affecting the supplier.

The Benefits

Procurement Managers will benefit from an in-depth assessment of their key suppliers which will be described and analysed in a business report that incorporates gap analysis, system and process review and business capability and preparedness. The outcome of the assessment may be used to define strategic as well as short term improvement programmes that build confidence in approved suppliers and mitigate supplier related risks.

Tel: +44 (0)1332 221400 Email: enquiries@theqssgroup.co.uk