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:
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.
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