Systems and methods to quantify risk associated with suppliers or geographic locations

Abstract

Computer-implemented systems and methods to quantify risk associated with suppliers or geographic locations at which suppliers or global internal delivery centers are located. The systems and methods transform risk parameter data into risk metrics that allow comparison of relative risk between suppliers, supplier sites, or geographic locations, and allow comparison of risk metrics to minimum risk scores calculated for a given metric. The systems and methods further provide guidance/proposed action to take based on the generated risk metrics.

1 . A computer-implemented method for converting parameter values into risk evaluation metrics and providing guidance based on the metrics, the method comprising:
 Generating a number of database fields for receiving risk parameter data wherein the number of database fields for receiving risk parameter data is greater than 1;   Generating a number of database fields for receiving risk sub-category values wherein the number of database fields for receiving risk sub-category values is greater than 1, and wherein each database field for receiving risk parameter data is associated with a database field for receiving a risk sub-category value;   Generating a number of database fields for receiving risk category values wherein the number of database fields for receiving risk category values is greater than 1, and wherein each database field for receiving risk sub-category values is associated with a database field for receiving a risk category value;   Entering risk parameter data into database fields of a graphical user interface, wherein the risk parameter data corresponds to a number of suppliers, wherein the number of suppliers is greater than 1, and wherein at least one database field requires entry of data in a specific format or range;   Determining a parameter risk score based on the data entered into a database field for receiving risk parameter data, wherein the parameter risk score is a predetermined number corresponding to the data;   Assigning a weight percentage to each database field for receiving risk parameter data wherein the weight percentage is chosen from a first set of weight percentages;   For each supplier, entering a sub-category risk score into a database field for receiving a risk sub-category value based on at least one parameter risk score and the weight percentages assigned to each database field for receiving risk parameter data;   Assigning to each database field for receiving a risk sub-category value a weight percentage chosen from a second set of weight percentages;   For each supplier, entering a category risk score into each database field for receiving risk category values based on at least one sub-category risk score and the weight percentages assigned to each database field for receiving risk sub-category values;   Assigning to each database field for receiving a risk category value a weight percentage chosen from a third set of weight percentages;   Generating a first composite risk score for a supplier based on at least one category risk score and the weight percentages assigned to each database field for receiving a risk category value corresponding to that supplier;   For one supplier, presenting to a display screen the first composite risk score, the entered category risk scores for that supplier, and a recommendation based on the category risk score entered into a database field for receiving risk category values;   Presenting to the display screen the lowest category risk score among all category risk scores entered into database field for receiving risk category values for all suppliers;   Assigning a color to each category risk score, wherein said color is selected from a pre-selected set of colors, and wherein each pre-selected color is associated with a risk score;   For each category risk score, presenting to the display screen the color assigned to the category risk score; and   Issuing to the display screen an alert based on data entered into one or more database fields for receiving risk parameter data.   
     
     
         2 . The method of  claim 1  further comprising receiving a fourth set of weight percentages; and generating a second composite risk score for the supplier based on a category risk score and the weight percentage assigned to each database field for receiving a risk category value from the fourth set of weight percentages. 
     
     
         3 . The method of  claim 1  wherein the alert includes guidance based on data entered into one or more database fields. 
     
     
         4 . The method of  claim 1  wherein said database fields for receiving risk category values correspond to categories selected from the categories of financial risk, service maturity risk, governance risk, people risk, infrastructure risk, client risk, partner/alliances risk, and thought leadership risk. 
     
     
         5 . A computer-implemented method for converting parameter values into risk evaluation metrics and providing guidance based on the metrics, the method comprising:
 Generating a number of database fields for receiving risk parameter data wherein the number of database fields for receiving risk parameter data is greater than 1;   Generating a number of database fields for receiving risk sub-category values wherein the number of database fields for receiving risk sub-category values is greater than 1, and wherein each database field for receiving risk parameter data is associated with a database field for receiving a risk sub-category value;   Generating a number of database fields for receiving risk category values wherein the number of database fields for receiving risk category values is greater than 1, and wherein each database field for receiving risk sub-category values is associated with a database field for receiving a risk category value;   Entering risk parameter data into database fields of a graphical user interface, wherein the risk parameter data corresponds to a number of sites of a supplier, wherein the number of sites is greater than 1, and wherein at least one database field requires entry of data in a specific format or range;   Determining a parameter risk score based on the data entered into a database field for receiving risk parameter data, wherein the parameter risk score is a predetermined number corresponding to the data;   Assigning a weight percentage to each database field for receiving risk parameter data wherein the weight percentage is chosen from a first set of weight percentages;   For each supplier site, entering a sub-category risk score into a database field for receiving a risk sub-category value based on at least one parameter risk score and the weight percentages assigned to each database field for receiving risk parameter data;   Assigning to each database field for receiving a risk sub-category value a weight percentage chosen from a second set of weight percentages;   For each supplier site, entering a category risk score into each database field for receiving risk category values based on at least one sub-category risk score and the weight percentages assigned to each database field for receiving risk sub-category values;   Assigning to each database field for receiving a risk category value a weight percentage chosen from a third set of weight percentages;   Generating a first composite risk score for a supplier site based on at least one category risk score and the weight percentages assigned to each database field for receiving a risk category value corresponding to that supplier;   For one supplier site, presenting to a display screen the first composite risk score, the entered category risk scores for that site, and a recommendation based on the category risk score entered into a database field for receiving risk category values;   Presenting to the display screen the lowest category risk score among all category risk scores entered into database field for receiving risk category values for all supplier sites;   Assigning a color to each category risk score, wherein said color is selected from a pre-selected set of colors, and wherein each pre-selected color is associated with a risk score;   For each category risk score, presenting to the display screen the color assigned to the category risk score; and   Issuing to the display screen an alert based on data entered into one or more database fields for receiving risk parameter data.   
     
     
         6 . The method of  claim 5  further comprising receiving a fourth set of weight percentages; and generating a second composite risk score for each supplier site based on a category risk score and the weight percentage assigned to each database field for receiving a risk category value from the fourth set of weight percentages. 
     
     
         7 . The method of  claim 5  wherein the alert includes guidance based on data entered into one or more database fields. 
     
     
         8 . The method of  claim 5  wherein said database fields for receiving risk category values correspond to categories selected from the categories of financial risk, service maturity risk, governance risk, people risk, infrastructure risk, client risk, partner/alliances risk, and thought leadership risk. 
     
     
         9 . A non-transitory computer readable storage medium on which is embedded one or more computer programs, said one or more computer programs implementing a method for converting parameter values into risk evaluation metrics and providing guidance based on the metrics, said one or more computer programs comprising a set of instructions for:
 Storing a number of risk parameters wherein the number of risk parameters is greater than 1;   Associating each risk parameter with a risk sub-category;   Associating each risk sub-category with a risk category;   Receiving parameter values into memory of a first device, said parameter values corresponding to risk parameters for a number of suppliers wherein the number of suppliers is greater than 1;   Assigning a risk score to each risk parameter based on the parameter value entered for the risk parameter, wherein each risk score is a predetermined number corresponding to the parameter value;   Assigning to each risk parameter a weight percentage from a first set of weight percentages;   For each supplier, generating a risk score for each risk sub-category based on the risk score and weight percentage assigned to each risk parameter associated with the risk sub-category;   Assigning to each risk sub-category a weight percentage from a second set of weight percentages;   For each supplier, generating a risk score for each risk category based on the risk score and weight percentage assigned to each risk sub-category associated with the risk category;   Assigning to each risk category a weight percentage from a third set of weight percentages;   Generating a first composite risk score for a supplier based on the risk score and weight percentage assigned to each risk category corresponding to that supplier;   For one supplier, presenting to a display screen the composite risk score, the risk score of each risk category for that supplier, and a recommendation based on the risk score of one risk category;   Presenting to the display screen the risk score reflecting the lowest risk calculated for each risk category among all of the suppliers;   Assigning a color to each category risk score, wherein said color is selected from a pre-selected set of colors, and wherein each pre-selected color is associated with a risk score;   For each category risk score, presenting to the display screen the color assigned to the category risk score; and   Issuing to the display screen an alert based on data entered into one or more database fields for receiving risk parameter data.   
     
     
         10 . The non-transitory computer readable storage medium according to  claim 9 , said one or more computer programs further comprising a set of instructions for receiving a fourth set of weight percentages; and generating a second composite risk score for the supplier based on the risk score assigned to each risk category and the weight percentage assigned to each risk category from the fourth set of weight percentages. 
     
     
         11 . The non-transitory computer readable storage medium according to  claim 9 , wherein the alert includes guidance based on data entered into one or more database fields. 
     
     
         12 . The non-transitory computer readable storage medium according to  claim 9 , wherein said risk categories are selected from the categories of financial risk, service maturity risk, governance risk, people risk, infrastructure risk, client risk, partner/alliances risk, and thought leadership risk. 
     
     
         13 . A non-transitory computer readable storage medium on which is embedded one or more computer programs, said one or more computer programs implementing a method for converting parameter values into risk evaluation metrics and providing guidance based on the metrics, said one or more computer programs comprising a set of instructions for:
 Storing a number of risk parameters wherein the number of risk parameters is greater than 1;   Associating each risk parameter with a risk sub-category;   Associating each risk sub-category with a risk category;   Receiving parameter values into memory of a first device, said parameter values corresponding to risk parameters for a number of sites of a supplier, wherein the number of sites is greater than 1;   Assigning a risk score to each risk parameter based on the parameter value entered for the risk parameter, wherein each risk score is a predetermined number corresponding to the parameter value;   Assigning to each risk parameter a weight percentage from a first set of weight percentages;   For each supplier site, generating a risk score for each risk sub-category based on the risk score and weight percentage assigned to each risk parameter associated with the risk sub-category;   Assigning to each risk sub-category a weight percentage from a second set of weight percentages;   For each supplier site, generating a risk score for each risk category based on the risk score and weight percentage assigned to each risk sub-category associated with the risk category;   Assigning to each risk category a weight percentage from a third set of weight percentages;   Generating a first composite risk score for a supplier site based on the risk score and weight percentage assigned to each risk category corresponding to that supplier;   For one supplier site, presenting to a display screen the first composite risk score, the risk score of each risk category for that supplier, and a recommendation based on the risk score of one risk category;   Presenting to the display screen the risk score reflecting the lowest risk calculated for each risk category among all of the supplier sites;   Assigning a color to each category risk score, wherein said color is selected from a pre-selected set of colors, and wherein each pre-selected color is associated with a risk score;   For each category risk score, presenting to the display screen the color assigned to the category risk score; and   Issuing to the display screen an alert based on data entered into one or more database fields for receiving risk parameter data.   
     
     
         14 . The non-transitory computer readable storage medium according to  claim 13 , said one or more computer programs further comprising a set of instructions for receiving a fourth set of weight percentages; and generating a second composite risk score for each supplier site based on the risk score assigned to each risk category and the weight percentage assigned to each risk category from the fourth set of weight percentages. 
     
     
         15 . The non-transitory computer readable storage medium according to  claim 13 , wherein the alert includes guidance based on data entered into one or more database fields. 
     
     
         16 . The non-transitory computer readable storage medium according to  claim 13 , wherein said risk categories are selected from the categories of financial risk, service maturity risk, governance risk, people risk, infrastructure risk, client risk, partner/alliances risk, and thought leadership risk. 
     
     
         17 . The method of  claim 1  further comprising redistributing the weight percentages assigned to the database field for receiving risk parameter data if no risk parameter data is entered into one or more database field of the graphical user interface for receiving risk parameter data. 
     
     
         18 . The method of  claim 5  further comprising redistributing the weight percentages assigned to the database field for receiving risk parameter data if no risk parameter data is entered into one or more database field of the graphical user interface for receiving risk parameter data. 
     
     
         19 . The method of  claim 9  further comprising redistributing the weight percentages assigned to the risk parameters if no parameter value is received for one or more risk parameters. 
     
     
         20 . The method of  claim 13  further comprising redistributing the weight percentages assigned to the risk parameters if no parameter value is received for one or more risk parameters.