MCO-I partnered with Avetta to streamline compliance, achieve continuous supplier monitoring, and gain real-time insights that reduce risk and drive operational excellence.
Challenges in compliance management
Prior to working with Avetta, Mitsubishi Heavy Industries Compressor International Corporation (MCO-I) encountered obstacles in monitoring compliance for multiple certifications, including ISO 14001, 45001 and 27001. They understood that this approach could potentially leave them vulnerable to risks such as cyber threats and compliance management within their supplier network, and they also had a desire to gain greater visibility into supplier mergers and acquisitions.
The Avetta experience
MCO-I’s decision to work with Avetta in October 2023 marked a transformative shift in their supplier risk management approach. By leveraging Avetta’s platform, MCO-I transitioned from periodic to continuous supplier audits, enhancing their Health, Safety, Environmental and Information Security compliance oversight. Avetta’s centralised database provided MCO-I with real-time insights into their suppliers’ compliance status, enabling proactive management and improved data integrity. Utilising the Avetta platform in their supplier management supported them in passing their recent ISO audits.
“We want to show that environmental and information security-wise, we maintain a safe, secure and sustainable supply chain.”
– Jose N. Longoria II, Supplier Quality and Onboarding and Indirect Procurement Leader, MCO-I
Benefits of partnership with Avetta
Centralised documentation
Avetta’s platform offered a unified solution for managing compliance documentation, enhancing operational efficiency and data accessibility.
Continuous compliance monitoring
The platform enables MCO-I to monitor suppliers continuously, moving from a reactive approach and mitigating risks associated with cyber threats and non-compliance.
Increased supplier engagement
Within the first eight months, 40% of MCO-I’s supplier base registered with Avetta, with 66% completing the Manual Audit process.
Enhanced analytics
Avetta’s analytics capabilities allowed MCO-I to identify non-compliant suppliers, driving a more mature and integrated supplier management system.
Future integration
MCO-I plans to integrate Avetta with their SAP system, leveraging real-time data on safety, cyberattacks and environmental challenges to enhance their supplier scorecard and competitive edge.
Mitsubishi Heavy Industries Compressor International’s utilisation of the Avetta platform has significantly streamlined their compliance and supplier management processes. The unified platform has enabled continuous monitoring, enhanced data integrity and increased supplier engagement. As MCO-I continues to integrate Avetta with their systems, they are poised to achieve real-time insights and maintain a competitive edge in the industry. Avetta’s solution has not only improved MCO-I’s operational efficiency but also paved the way for future growth and industry leadership.
