Sustainability and the German Supply Chain Act Ensure Compliance with Sustainability Regulations & Operational Agility
How to Mitigate ESG Risk
Identify Sustainability Risk
Easily identify suppliers across multiple tiers who bring risk of unethical or unsustainable practices.
Proactively Monitor Risk Across the Chain
Digitize monitoring of 3rd and 4th parties for risk indicators in order to identify issues proactively and react quickly.
Improve Supply Chain Resilience
Build optionality into the supply chain design and improve crisis response through greater collaboration.
Get Full Visibility into Supply Chain & Risk
Better Understand 3rd & 4th Party Risks
Digitize 3rd party risk management to understand inherent risks and assess 3rd/4th parties to identify additional 4th party risks. Provide visibility into risk scores and risk details to supply chain planners, including product flows across multi-tier supply chains and supplier concentration risk.
Proactively Monitor Risk Across the Chain
Provide Leading Indicators for Risks
Systematically provide an “early warning system” for risks of unethical behavior, giving more time to respond. Proactively monitor all 3rd/4th parties for risk indicators like restricted party lists, news sentiment monitoring, etc. Mitigate performance risk across suppliers by gathering information at the time of transactions.
Comply with Ethical, Sustainable Standards
Protect workers against unfair and unsafe conditions for all workers, and protect the environment by ensuring that safe standards are in place across your supply chain. Create risk and compliance reports for managers and external publication.
Improve Supply Chain Resilience
Improve Supply Chain Resilience & Optionality
Quickly respond to disruptions and proactively plan improvements using optimization to find the best design for a set of parameters across multiple factors (e.g. cost, CO2 emissions, revenue at risk, impact on inventory levels, etc.) Proactively incorporate multi-dimensional risk scoring into supply chain planning.
Accelerate Cycle Times
Roll out changes to supply chain plans by automatically passing sourcing requirements (e.g. new logistics routes, etc.) into sourcing events, using workflow to engage the correct sourcing SMEs, and seamlessly passing the results of completed sourcing events into contract and purchasing.
