As eXpress badging consistently commits to delivering customer excellence, we operate under a supply chain risk accountability framework to ensure business continuity across our supply chain channels.
🔐 eXpress badging Supply Chain Risk Accountability Framework
Our Commitment
At eXpress badging, we are dedicated to empowering organizations to create and maintain safe and secure work environments. Our mission is to provide secure, reliable, and efficient identification solutions that meet the highest standards of quality and compliance.
Risk Categories
We assess vendor relationships based on the following risk categories:
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Business Operations Risk: Risks that could disrupt our day-to-day operations, including supply chain interruptions, logistical challenges, or vendor insolvency.
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Cybersecurity Risk: Risks related to the protection of digital assets, including data breaches, unauthorized access, and vulnerabilities in software or systems.
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Financial Risk: Risks concerning vendors' financial stability, such as creditworthiness, pricing volatility, and financial mismanagement.
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Intellectual Property (IP) Risk: Risks involving the unauthorized use, disclosure, or infringement of proprietary information and technologies.
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Contractual Risk: Risks arising from non-compliance with contractual obligations, including service level agreements, delivery terms, and regulatory requirements.
- Accounting and Banking Risk: Risks directly tied to managing cash flow from checking account deposits, which include credit cards, checks, and ACH. Additionally, it involves overseeing outbound cash flow transactions via printed checks, direct deposits, payroll services, tax payments, credit card merchants, and owner distribution payments.
Vendor Risk Ratings
Vendors are categorized into three risk tiers based on their potential impact on our operations:
🟢 Rating 1: Low Risk
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Description: Vendors whose services have minimal impact on our core operations and do not handle sensitive data.
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Examples: Office supply providers, janitorial services, food services ...
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Expectations:
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Maintain basic operational standards.
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Comply with general terms and conditions.
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🟡 Rating 2: Moderate Risk
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Description: Vendors whose services are integral to our operations but not directly tied to sensitive data or systems.
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Examples: Badge printer manufacturers, product distributors ...
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Expectations:
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Adhere to defined service levels.
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Implement standard security measures.
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Provide regular performance reports.
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🔴 Rating 3: High Risk
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Description: Vendors with access to sensitive data, critical systems, or those whose failure could significantly impact our operations.
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Examples: Software development partners, hosted CRM services, AWS hosting services. IT services, banking ...
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Expectations:
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Undergo rigorous security assessments.
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Comply with stringent contractual obligations.
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Participate in regular audits and reviews.
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Vendor Self-Assessment
We encourage our vendors to self-assess their risk rating by considering:
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Access to Sensitive Data: Do you handle or have access to eXpress badging's confidential information?
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Operational Impact: Would a disruption in your services affect our ability to serve our clients?
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Regulatory Compliance: Are you subject to industry-specific regulations that impact our partnership?
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Security Measures: Do you have robust cybersecurity protocols in place?
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Financial Stability: Is your organization financially stable and capable of fulfilling contractual obligations?
By evaluating these factors, vendors can better understand their role in our supply chain and the importance of adhering to our risk management expectations.