Overview of Supplier Scoring

You can use scoring to estimate supplier risk. Each company receives a score based on the criteria and the weights assigned to the criteria. Negative score for a company implies that it’s prone to risks. A template with criteria and weights is available in DataFox. Use the template to build your scoring model and modify the weights and criteria if necessary.

If you want to change the criteria, you can change from a broad range of signals and firmographic data and design a scoring model to meet your unique needs and risk priorities.

Let’s look at some example filters that are used to set the scoring criteria:

• Financial Info, such as revenue.

• Signals data, such as corporate updates or negative news.

DataFox provides hundreds of criteria types for scoring. Assign weights to these criteria to determine the score for a company.