VENDOR MANAGEMENT SYSTEM AND METHOD FOR VENDOR RISK PROFILE AND RISK RELATIONSHIP GENERATION
First Claim
1. A vendor management system for calculating risks associated with registered vendors, comprising:
- a processing device including at least one hardware processor configured to operate a risk calculation module to perform a risk analysis associated with a vendor of the registered vendors;
a user terminal for accessing the processing device by a user, the user terminal configured to generate a user interface for the user to select a vendor from a list of registered vendors and to display a result of a risk analysis including a risk score performed by the risk calculation module; and
a database access device configured to access data on the registered vendors including an access to a first database entry storing a vendor profile information including risk criteria associated with vendors, a second database entry storing personnel information of the vendors including information on at least one of employees and directors, and a third database entry storing weight factors associated with the risk criteria.
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Accused Products
Abstract
A vendor management system for calculating risks associated with registered vendors, the system including a processing device including a hardware processor configured to operate a risk calculation module to perform a risk analysis associated with a vendor of the registered vendors, a user terminal for accessing the processing device by a user, the user terminal configured to generate a user interface for the user to select a vendor from a list of registered vendors and to display a result of a risk analysis including a risk score performed by the risk calculation module; and a database access device configured to access data on the registered vendors including an access to a first database entry storing a vendor profile information including risk criteria associated with vendors, a second database entry storing personnel information of the vendors including information on at least one of employees and directors; and a third database entry storing weight factors associated with the risk criteria.
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Citations
12 Claims
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1. A vendor management system for calculating risks associated with registered vendors, comprising:
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a processing device including at least one hardware processor configured to operate a risk calculation module to perform a risk analysis associated with a vendor of the registered vendors; a user terminal for accessing the processing device by a user, the user terminal configured to generate a user interface for the user to select a vendor from a list of registered vendors and to display a result of a risk analysis including a risk score performed by the risk calculation module; and a database access device configured to access data on the registered vendors including an access to a first database entry storing a vendor profile information including risk criteria associated with vendors, a second database entry storing personnel information of the vendors including information on at least one of employees and directors, and a third database entry storing weight factors associated with the risk criteria. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A vendor management method for calculating risks associated with registered vendors, comprising the steps of:
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selecting a vendor from a list of the registered vendors via a user terminal; accessing data on the registered vendors by a data base accessing device, the accessing including access to a first database entry storing a vendor profile information including risk criteria associated with vendors, a second database entry storing personnel information of the vendors including information on at least one of employees and directors, and a third database entry storing weight factors associated with the risk criteria; performing a risk analysis associated with the selected vendor based on the data of said step of accessing with a risk calculation module that is operated on a processing device including at least one hardware processor, to generate a risk score; and displaying a result of the risk analysis including the risk score associated with the selected vendor. - View Dependent Claims (8, 9, 10, 11, 12)
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Specification