OneTrust supports supply chain management by facilitating the design of processes involving multiple departments, conducting risk analysis, managing supplier evaluations, and scheduling automated rules for contract renewals. Among these departments are procurement, information security, occupational health and safety, quality, and more.
With Third-Party Lifecycle Automation:
- Supplier acceptance (onboarding) and termination (offboarding) process management.
- Supplier application process (self-assessment) surveys.
- Obtaining supplier certifications and global risk scores (via vendorpedia).
- Managing service, process, and asset relationships supported by suppliers.
- Supplier assessment survey process.
- Ready-made surveys supporting multiple languages.
- Creating and scoring surveys from scratch.
- Self-assessment and supplier evaluation surveys.
- Supplier risk management process.
- Automation of risk identification, assessment, and response.
- Control automation.
- Tracking risk improvement plans.
- Ability to manage multiple services from the same supplier (Engagement Management).
- Creating different workflows for separate tasks.
- Contract management and monitoring.
- Ability to create automated workflows for different services.
- Ability to create and operate approval processes for all attributes.