RISK SCORING OF SUPPLIERS AND TRIGGERING PROCUREMENT WORKFLOW IN RESPONSE THERETO

摘要

System and method for generating a supplier risk score in a procurement system. The method comprises storing source data pertaining to one or more suppliers in a relational database of the procurement system and aggregating portions of the source data by selected variables to determine risk values. The risk values are stored at locations within a multidimensional database having dimension member pairs corresponding to the selected variables. A supplier risk score is calculated responsive to a real-time sourcing request by leveraging the pre-aggregated risk values of the multidimensional database. A customized procurement workflow is triggered based on the calculated supplier risk score.