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, globalized business regulations and standards require you to collect and report data on your supply chain.
Inefficient process put you at risk
Sending incomplete or inaccurate data to your customers increases your chances of being red flagged and potentially losing contracts with key accounts.
Internal resource allocation
Allocating job duties to data collection and validation keeps employees from working on core job functions.
Lack of supply chain data centralization increases the chances of sending bad, inaccurate, or outdated data. In addition, unsecured data warehousing networks put you at risk for a cybersecurity issue.
Centralize supplier communication and supply chain data
Simplify your compliance efforts
Centralize your supply chain. Send information requests to suppliers, view responses and validate the data you collect. In addition, you can warehouse your collected data and then share it with your customers. You can also apply the data you collect to over 30 supply chain programs to learn about your own supply chain compliance statuses.
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.
But being proactive leads to business growth