This workflow generates a comprehensive risk assessment for suppliers based on various data inputs. It evaluates financial, performance, and news-related factors to provide a risk score, detailed assessment, and specific recommendations for risk mitigation.
How it Works / How to Build It
- Collector: Collects financial data about the supplier, including financial summary, credit rating, and stability score. [custom code using the SDK]
- GatherPerformance: Gathers performance metrics, such as quality score and compliance score, to assess supplier performance [custom code using the SDK]
- NewsAnalyzer: Analyzes news data related to the supplier, providing news sentiment and risk indicators.[custom code using the SDK]
- RiskAssessmentPrompt: Synthesizes the outputs from the previous nodes to generate a comprehensive risk assessment, including a risk score, detailed assessment, and recommendations.
- FinalOutputRiskScore: Outputs the numerical risk score derived from the risk assessment.
- FinalOutputRecommendations: Outputs specific recommendations for risk mitigation based on the assessment.
- FinalOutputAssessment: Outputs the detailed risk assessment analysis.
What You Can Use This For
- Supplier risk assessment in procurement teams.
- Financial risk evaluation for finance departments.
- Performance monitoring for supply chain management.
- Compliance checks for legal and regulatory teams.
Prerequisites
- Vellum account.
- Access to supplier financial data and performance metrics.
- News analysis tools or data sources.
How to Set It Up
- Create a new workflow in Vellum and import the necessary nodes.
- Configure Inputs with supplier details, including name, ID, and relevant data flags.
- Connect Collector, GatherPerformance, and NewsAnalyzer to the RiskAssessmentPrompt.
- Link the outputs of RiskAssessmentPrompt to FinalOutputRiskScore, FinalOutputRecommendations, and FinalOutputAssessment.
- Test the workflow with sample supplier data to ensure accurate outputs.
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