Managing Supply Chain Compliance
The scope and complexity of today’s global supply chains presents a significant challenge for organizations that must ensure their suppliers are compliant with both regulatory and corporate policies. And, the stakes are high.
Non-compliance can damage a company’s brand and reputation, lead to supply chain disruption and delays in new product launches, regulatory penalties or environmental health and safety issues. To avoid such potential costs, organizations need to be proactive in their approach to supplier compliance. They must carefully assess and qualify new suppliers in the procurement process and evaluate risk that may be caused by existing suppliers and contractors.
Avetta improves supply chain visibility and simplifies contractual compliance management through: