Supply Chain Data Collection

Engaging suppliers to gather data is a time consuming process that is filled with education around the context of the data request, follow-up on data validation, and internal reporting. Automating data collection is a way to dramatically increase the efficiency of your compliance process.

Inefficient process put you at risk

Whether it is a conflict minerals reporting template (CMRT), an anti-slavery questionnaire, or a bill of materials (BOM) regarding the chemicals in your products, improper data collection processes can put your company at risk:

Customer Relationships

Sending or receiving incomplete or inaccurate data creates fatigue for both parties. Escalation of this problem can put a supplier on the red flag list, or a termination of a contract.

Internal resource allocation

Allocating resources to data collection and validation efforts takes employees away from their core job functions.

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Data security

Storing data in warehousing networks that do not meet security standards can lead to cybersecurity attacks or data privacy lawsuits.

Companies take supply chain data seriously

%

Terminated contracts with a vendor because they neglected to provide accurate, timely data.

%

Reported that problems in upstream communication have negative impacts on downstream customer relationships.

Being proactive leads to business growth

%

of C-Suite executives say that meeting their 2015 compliance goals was a fundamental driver of new business growth in 2016.

Interested in learning more about data collection and risk mitigation?

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