- DATE:
- AUTHOR:
- The folks at Scrut
Vendor Overview
In this release, we are excited to introduce a comprehensive Vendor Overview feature in Scrut that enhances your vendor management capabilities. The Vendor Overview provides at-a-glance insights into key metrics, risk scores, and status summaries, empowering users with a holistic view of their vendor landscape.
How to Access?
Navigate to the "Vendors Management" module from the left navigation.
Click on a specific vendor to access the "Vendor Overview" tab.
Metrics
Risk Score - Quickly assess the overall risk associated with the vendor.
How is it calculated?
Get all the questionnaires of vendors that are in an accepted state.
Get all the questions in a given questionnaire that are in an accepted state and calculate the average. Average = (sum of risk score [if no risk score, then 0 is added])/total number of questions in that questionnaire which are in the accepted state.
Calculate the average risk score for the vendor. Average = (sum of all the risk scores calculated in step 2/ number of questionnaires that are in accepted state)
Open Mitigation Tasks: All mitigation tasks of the vendor that are in Open state.
Questionnaires Not Submitted by Vendor: No. of the questionnaire that has not been submitted by the vendor.
Questionnaires Not Reviewed: No. of questionnaires that have not been reviewed by the organization.
Risk Score by Domain
View a bar graph that breaks down the risk score by different domains, offering insights into specific areas of concern.
Questionnaire Status Donut Chart
A donut chart provides a visual representation of questionnaire status, including:
Created
Sent
Submitted
Accepted
Overdue
Mitigation Task Status
Track open and closed mitigation tasks through a donut chart, ensuring you are aware of ongoing and completed risk mitigation efforts.
If you have any questions or issues, please reach out to your assigned Customer Relationship Manager. They'll be happy to assist you!
To view all the product updates, please click here.