Rapid and seemingly inexhaustible changes to the global compliance landscape have triggered a proliferation of uncertainty and have compelled savvy organizations to wield the power of spending to demand compliance assurance from their suppliers.
Moving Away from Traditional Risk Assessment Methods
Suddenly, many of the traditional methods of evaluating risk and measuring success may be based on false assumptions. In order to mitigate operational, legal and business continuity risk ahead of the dynamic compliance climate, businesses must increase certainty, impose standards, and communicate more transparently with their suppliers and customers.
Compliance Data Exchange and Validation
Best practices require compliance assurance and material disclosure from suppliers as a condition for doing business. Source Intelligence (SI) is a global network of businesses linked together to expedite the exchange and validation of compliance information.
An effective supply chain compliance strategy can also help reduce or eliminate risk in the supply chain, which often occurs very early in the life cycle of a product when raw materials are extracted.
Headquartered in Carlsbad, California, Source Intelligence was founded in 2009 and since then has been significantly expanding its global enterprise customer base, adding hundreds of thousands of system users, and adapting its technologies and solutions to meet a rapidly changing global compliance environment.
It combines the best of cloud-based technology with a 24/7 Supplier Engagement Team to provide clients scalability, flexibility, and expertise needed to turn supply chain data into something meaningful and actionable. It takes into account all compliance requirements of supply chain management and provides solutions to navigate between the complex web of inter –relationships across various suppliers. The company operates globally.
Ever since its origin, the company has been undergoing gradual changes and has been inventing technologies so that the inaccuracies in the given data can be ruled out. Every company is unique.
From concept to audit, the entire process is managed by the subject experts of the company. Apart from the dozens of built-in supply chain compliance programs, SI can develop any number of supply chain programs that is suited for your company.
Recently, these included solutions for California’s Prop. 65, anti-human trafficking, palm oil reporting, and Europe’s strict chemical disclosure rules (known as REACH-ROHS).
Legal, Ethical, Environmental Compliance
In addition to this, the company is committed to free sustainability and compliance education across 8 key industries: retail/apparel, electronics, oil and gas, consumer manufacturing, bio/pharma and medical devices, aerospace and defense, industrial manufacturing, automotive. Whether it is a big company or small, SI’s cloud-based SaaS platform helps customers make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards. Source Intelligence is already helping thousands of companies connect to their supply chain.
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