Point maps are a great reporting tool in vendor management and can be utilized to analyze data across many different vendor angles, including risk profiling, onboarding process reporting, sourcing, and more. In this example, we explore how point maps can improve vendor management from a risk and environment, social, and governance (ESG) angle.
You can use point maps in your vendor management program is by evaluating geographic data to analyze the potential impact of climate factors. With a geographical view of your supply chain, it is much easier to evaluate potential issues in the event of rising sea levels, hurricanes, or wildfires.
For example, suppose you want to evaluate which vendors reside in or near coastal areas prone to hurricanes. Point maps will plot all vendors who have been identified as having at-risk operations due to their proximity to hurricane zones. Adding color-coding to this data can tell you which of those vendors are in Tier 1 of your supply chain and critical to your business.
This data can all be connected to your business continuity plans in Onspring and even instigate reviews between vendor managers and the vendors to discuss plans for upcoming seasons that may be impacted by extreme weather.
Point maps in Onspring provide a simplified method to track changes over time. For example, if you have coast-to-coast manufacturing sites, color-coded point maps can alert you to rising material costs in the Northeast, say, over the last two quarters. Like heat maps, you can set up different thresholds such as inventory levels and processing times, with green being good and red meaning risk. You could then drill into the high-risk areas to formulate your incident management prevention or remediation activities.
Using point maps in Onspring, you could quickly set criteria that identify higher costs or changing risk levels by city, state, country, or even counties and states during election periods. This information offers insight for your business decisions, particularly when making decisions on local, regional, national, and global levels.