Across the board, companies are embracing resiliency and responsibility in their supply chain activities using environmental, social and governance (ESG) and sustainability metrics. Companies recognize the need to adapt to externalities such as geopolitical conflicts, raw materials scarcity, climate change and improving overall impacts on people, factory conditions, communities (where they conduct business) and the environment in areas where they procure, source, manufacture and transport their products and services.
The CSRware® Responsible Supply Chain software enables companies to manage a sustainable supply chain. In short, a responsible supply chain is at the center of Corporate Social Responsibility (CSR) by driving transparency into human trafficking, slavery, environmental conditions, child labor and material sourcing across your supply chain. The solution provides insights into disparate supplier environmental sustainability data into measurable results, flags risks and provides a project management approach to corrective actions.
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THE CHALLENGE WE SOLVE
Company and consumer awareness has increased significantly, and as a result, supply chain intiatives are evolving beyond regulatory compliance. Leading companies recognize that integrating sustainability into their products can offer market differentiation, increased sales and brand loyalty. The challenge most companies face is how to collect disparate data from suppliers to assess their environmental, social and governance performance. Companies attempt to use Excel spreadsheets, SurveyMonkey or just email to pull data and attached documents from their suppliers. While trying to establish a standard format of qualitative and quantitative questions, companies grapple with creating surveys, applying scoring models (if necessary) and analyzing results on environmental, social and governance related topics.
Companies are looking for ways to create or utilize out-of-the-box question sets to pull data from suppliers related to human trafficking, child labor, material sourcing, transportation, air quality, factory conditions and other factors. Companies are looking for ways to go beyond financial visibility into supplier partnerships. Without a reliable system to create surveys, repeat the process easily, normalizing data and being able to push corrective actions, companies are unable to determine supplier exposure.
SAVINGS – Drive upstream supply chain cost reduction
MITIGATION – Supplier disclosure reduces supply chain disruption
AUDITORS – Reduce visits to supplier factories
REGULATORY – Insight into anti-slavery, human and labor conditions
COMPETITIVE – Protect brand, pass audits and differentiate products
RISK – Identify suppliers who don’t meet compliance
ENGAGEMENT – Collect information and conduct gap analysis
EVALUATION – Scorecard survey results to drive improvements
ASSESSMENT – Evaluate supplier results then benchmark peers
BENCHMARKING – Benchmark against private supplier ecosystem
CORRECTIVE ACTIONS – Create and share initiatives with suppliers
COMPLIANCE – Address compliance through scorecard auditing
CSRWARE IS A SUPPLY CHAIN PRIVATE DATA AGGREGATOR
With the CSRware® solution, you can manage your own suppliers within a secure environment. Your data is not shared or publicly available. This secure solution only pulls data from your supplier ecosystem. Quickly launch out-of-the-box or your own comprehensive supplier questionnaires focused on your industry. Assign groups of suppliers to individual surveys and so much more…drive down costs by reducing on-site audits by having key information on-hand to act quickly. Be ratings ready for public aggregators like EcoVadis by aggregating, analyzing and improving performance before submission of information.
You can now work to analyze risk, compliance and environmental impact and costs with enhanced Data Analytics. With quick access to TOP or BOTTOM performers, create Corrective Action for direct collaboration with the entire supply chain. Engage your suppliers directly with a dedicated supplier portal where you can drive collaboration, store historical documents, open visibility into scoring and benchmarking dashboards.
A REPEATABLE PROCESS MADE EASY
EXAMPLE OF SUPPLY CHAIN SCORECARD ACTIVITY
For more information on how CSRware‘s® software can help you yield accurate, auditable and verifiable assessments of your supply chain’s risk and performance, request a demo and learn how.