This year Alcumus launched a new Supply Chain Compliance solution, which has enabled clients to further achieve the benefits of managing sustainability risks across their supply chain.
With supply chain disruptions up 88% year-on-year in 2021, businesses need to gain visibility of their suppliers to avoid any negative impacts from poor sustainability initiatives, health and safety violations, data breaches, modern slavery allegations, or financial misconduct.
Using Alcumus Supply Chain Compliance is helping clients to drive competitive advantage through effective supply chain practices and demonstrate compliance with increasingly stringent legislation.
With pre-qualification data and documents from suppliers in one place, clients gain vital insight into the supply chain, enabling them to effectively monitor, manage, and make informed decisions about who they work with, relieving the admin burden on procurement teams, so they can instead focus on identifying any potential vulnerabilities.
Assessments are run annually to demonstrate consistent commitments to the necessary requirements around health and safety, insurances, environmental policies, modern slavery, diversity, equality, financial stability and more.
With robust, accurate and verified information, organisations can make informed decisions about the suppliers and contractors, they onboard.
Alyn Franklin, CEO Alcumus, says:
“Without an effective supplier management verification process in place, companies invite risk, additional cost, brand damage and disruption into their business. It is fundamental companies know in advance which suppliers they can trust.
Find out how your business can benefit from intergrating SafeSupplier >> https://www.safecontractor.com/supply-chain-management/