Knowella

Supplier Due Diligence and Screening

Screens a prospective supplier for financial standing, ownership, sanctions exposure, litigation and adverse media before commercial discussions go far. Run once a supplier is shortlisted. Carried out by procurement with finance. The checks that are cheap now and impossible to unwind once you are dependent on them.

KnowLogisticsAssessmentLOG-042Pinned in navigation
Completed by
Carried out by procurement with finance
Raised
When the task, area or population being assessed is new or

Summary

In short

  • A supplier due diligence and screening is an assessment used in KnowLogistics that screens a prospective supplier for financial standing, ownership, sanctions exposure, litigation and adverse media before commercial discussions go far. It is built against ISO 37001 and forms part of the Supplier Onboarding and Lifecycle programme.
  • Run once a supplier is shortlisted. Carried out by procurement with finance.
  • The template holds 56 fields across 6 sections.
  • Scoring is screening complete before award, where high is good.
  • ISO is international Organization for Standardization. A voluntary international standard. Widely adopted, often required by customers, and certifiable where a management system standard.
  • It connects to the rest of the library: feeds Supplier Approval and Anti-Bribery Assessment.

What it is

What it is

What is a supplier due diligence and screening?

A supplier due diligence and screening is an assessment used in KnowLogistics that screens a prospective supplier for financial standing, ownership, sanctions exposure, litigation and adverse media before commercial discussions go far. It is built against ISO 37001 and forms part of the Supplier Onboarding and Lifecycle programme.

When is a supplier due diligence and screening completed?

A supplier due diligence and screening is completed when the task, area or population being assessed is new or has materially changed. Run once a supplier is shortlisted.

When to use it

When to use it, and when not to

This assessment is one step in a larger programme. Using it for work that belongs to a neighbouring template produces records that are hard to report on later.

Use it for

  • The event or activity this assessment covers has occurred, or is about to
  • The workspace is being set up, or the register needs an entry added or retired
  • You are running the Supplier Onboarding and Lifecycle programme and this is one of its steps
  • A linked record needs this one to exist: feeds supplier approval and anti-bribery assessment

Not for

  • Supplier Onboarding Checklist, which takes a new supplier from selected to able to trade, covering banking, insurance, terms, technical approval and system setup.
  • Supplier Sourcing Request, which starts the process of finding a new supplier, stating what is needed, why the existing suppliers cannot provide it and what the selection criteria will be.
  • Supplier Bank Detail Verification, which verifies a supplier's bank details through an independently obtained phone number before any payment is set up or changed.
  • Anything outside KnowLogistics, which belongs in the workspace that owns that process

Standards

What it is built against

ISOInternational Organization for Standardization

A voluntary international standard. Widely adopted, often required by customers, and certifiable where a management system standard.

FAQ

Frequently asked questions

What is the supplier due diligence and screening template based on?+

It is built against ISO 37001. ISO is international Organization for Standardization. A voluntary international standard. Widely adopted, often required by customers, and certifiable where a management system standard.

What sections does the supplier due diligence and screening contain?+

There are 6 sections: header, identity and ownership, financial standing, integrity screening, labour and environment, outcome. Together they hold 56 fields, 47 of which are required.

How many supplier due diligence and screening records should we have?+

This is a singleton. One record per workspace, set up once and maintained, rather than one per event. Other templates refer back to it.

Which programme does the supplier due diligence and screening belong to?+

It is part of Supplier Onboarding and Lifecycle. No supplier trading before onboarding completes, and none left active after it ends.

How is a supplier due diligence and screening scored?+

Scoring is screening complete before award. High is good. Scores exist to make the form tell you something, not to produce a percentage for its own sake.

Can the supplier due diligence and screening template be changed?+

Yes. Every field, option, score and conditional rule is editable, and the links to other templates come with it. Most teams install it as it is, run it for a cycle, then adjust.

The agents

What the agents do with it

The form is the easy part. Keeping it current, routing it to the right owner and holding the evidence together is the work that actually slips.

KnowLogistics

Holds the supplier due diligence and screening library against your registers, routes each record to its owner, and keeps the evidence trail together.

Ella

Coordinates the crew, rolls completion and exceptions into one view, and holds every write for your approval before it touches a record.

This template lives in KnowLogisticssupply chain execution. Inbound, outbound, inventory, yard, claims, supplier lifecycle and customs.

Meet KnowLogistics

Sources

Sources

  • ISO — International Organization for Standardization

KnowLogistics

Also in Supplier Lifecycle

6Browse the whole library
Checklist

Supplier Onboarding Checklist

Takes a new supplier from selected to able to trade, covering banking, insurance, terms, technical approval and system setup. Raised once per new supplier. Owned by procurement. The step where an unapproved supplier quietly becomes an approved one because somebody needed the material.

Record

Supplier Sourcing Request

Starts the process of finding a new supplier, stating what is needed, why the existing suppliers cannot provide it and what the selection criteria will be. Raised before anybody is approached. Owned by procurement. Sourcing that begins with a supplier already chosen produces a prequalification that rubber stamps the decision.

Record

Supplier Bank Detail Verification

Verifies a supplier's bank details through an independently obtained phone number before any payment is set up or changed. Raised at setup and on every change request. Carried out by finance, never by the person who received the request. Payment redirection fraud costs businesses more than any other single fraud, and it is defeated entirely by one call to a number you looked up yourself.

Record

Supplier Master Data Setup

Creates the supplier record in the systems that will use it, covering codes, terms, tax status, addresses and approval scope. Completed once approval is granted. Carried out by master data with procurement. A supplier set up with the wrong payment terms or the wrong approval scope quietly bypasses controls for years.

Review

Supplier First Delivery Review

Reviews the first delivery from a new supplier against everything that was promised during approval. Run after the first receipt. Carried out by goods in with quality and procurement. The moment you find out whether the approval evidence described the supplier you actually got.

Record

Supplier Change Notification

Records a change a supplier has told you about, or one you have discovered, covering manufacturing site, formulation, ownership, subcontracting or certification. Raised on notification or discovery. Assessed by technical with procurement. A supplier moving production to a different plant invalidates every audit and approval you hold.

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