Procurement Risk Analysis

SPRS provides a procurement risk assessment in three areas:

  • Price – over/under-bid risk based on previous buys since 2010, excluding outliers, and escalated by Bureau of Labor Statistics inflation indexes.
  • Item – identified application or safety criticality, potential for counterfeiting, nonconforming material, diminishing sources of supply.
  • Supplier – a standalone way to see detailed Supplier Risk.

Bids are compared to their escalated historical price(s) to determine the amount of associated risk.

Reference Materials

Procurement Risk Analysis Report Tutorial

Watch Procurement Risk Analysis Report Tutorial

This tutorial shows how to create, access, view, and save a Procurement Risk Analysis Report showing price, item, and supplier risk data.

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Transcript

Tools for Responsible Awards Logo for Supplier Performance Risk System.