Ensuring Compliance and Line of Sight Throughout Your Global Supply Chain

During the journey from new product innovation to the final physical product, executives know they must share accurate product information with a variety of global suppliers without confusion and delays.

Connecting all of these processes, systems and suppliers is challenging. Success in delivering innovative products to the market relies on the ability to fully integrate trading partners to connect the entire supply chain.

Today, many companies must make sourcing decisions in an environment where they don’t know all of the factors.

Global commercialization operations cause a significant visibility gap into the product process and the related activities around social and product compliance; which increase the likelihood of risks or disruptions at every turn.

Fierce competition and tight cost margins can further magnify the impact of a supply chain failure on a business.

Product safety and supplier compliance is a major concern and it’s vital to find trustworthy partners with the right capabilities to ensure you don’t expose your company to brand damage. With many organizations outsourcing multiple parts of the supply network to different parties, the responsibilities for ensuring performance still reside with the outsourcing entity.

Through a robust and holistic supplier risk management program that addresses both sourcing and production factors, you can guarantee quality and compliance while mitigating the risks of costly fines, product recalls or lost market share.