Conducting Risk Exposure Assessments

In this article, you'll learn how to conduct a thorough risk exposure assessment within Altana. This process can help you identify and address high-risk suppliers.

Conducting Risk Screenings

Step 1: Start by creating a workspace. This workspace should include the subset of products you want to investigate. You can learn more about creating a workspace here.

In this case we're going to create a workspace for all the products in our Catalog.

Step 2: Add a lens to view exposures within your workspace. Both the All Exposures lens and the Forced Labor lens can help you address exposures within your Catalog. You can find more info about lenses here.

In this case, we'll add the forced labor lens to focus on forced labor.

Step 3: The filter charts at the top of the lens summarize exposures and act as filters. Click on a specific element to filter the table below.

This functionality can help you zero in on exposures that are of particular concern to your business.

Step 4: In the table below, select Suppliers to see the individual suppliers affected by exposures.

Step 5: You can apply additional filters by selecting the filter pill.

Step 6: Select a specific exposed supplier you're interested in investigating, then select Explore.

Step 6: On the Exposures tab, you'll find the exact exposures that flagged the supplier. Click on one of the exposures to find more information.

In this case, there are two exposures, a direct and an indirect one. Click on the information icon to get more information about that particular exposure.

Step 7: Review the Network tab to understand how the exposed supplier fits into your value chain. You'll see how the exposed supplier is connected throughout the tiers of the value chain to your finished products.

Step 8: Assess the specific transactions and their relevance to the product value chains. Select the Review Network button to enter review mode.

Here, you're looking at how the exposed supplier is connected to a specific product, in this case an anorac. Evaluate individual transactions and assess their relevance by clicking on a connection arrow.

This will allow us to investigate the specific goods being ships from the exposed tier 3 to the tier 2. Expand each category to see more information about the specific transactions.

If these materials contribute to your finished good, open the category drop down and select Material Component.

If they aren't relevant to your finished component, select one of the other options.

Note that each verification applies on a supplier-to-product basis. To assess an exposed supplier's relevance to a different product's value chain, select a different product from the drop down and repeat the verification process.

Generating Due Diligence Reports

Step 1: Once we have reviewed these connections and confirmed they are substantial components, we can generate an automatic due diligence report by clicking Create Report.

This report outlines the relationship to risk for the selected supplier, and can be distributed both internally and externally to help us address the risk.

Step 2: We can edit the information that appears in the report before we publish it.

Step 3: Both draft and published reports can be found in the Saved section in the left-hand menu.

Note: Reports automatically update as Altana receives new supplier and exposure details. To capture a snapshot in time, export it as a PDF.

Managing Exposed Suppliers

Step 1: Return to your Catalog and navigate to the Details tab of the supplier in question.

Step 2: Assign a status to the supplier from the Status drop down. Statuses can help you keep track of all the suppliers you're investigating, those that are approved, and those that are not trusted.

Step 3: Add a new lens to your workspace to easily track all suppliers needing review. Select the plus button and then choose Suppliers by Status.

This lens provides a summary of all the suppliers you're investigating. It can help you keep up with what your team is reviewing to ensure no suppliers fall through the cracks.