Fortune 100 Consumer Electronics Company Chooses MetricStream For Supplier Governance, Sustainability, And Corporate Social Responsibility
Using the solution, the organization's suppliers, compliance monitors, and social compliance auditors will be able to collaborate and more accurately identify potential risks in advance, as well as implement the necessary corrective and preventive actions. They will also increase the efficiency of their assessments around tracking supply chain compliance with Customs Trade Partnership against Terrorism (C-TPAT) based on multiple security criteria.
By mid-2013, Section 1502 of the Dodd-Frank Act requires all U.S. companies that use minerals originating in or near the Democratic Republic of Congo (DRC) to file a conflict minerals report. The MetricStream solution will provide a single and centralized framework to efficiently manage the company's conflict minerals programs and assessments across their diverse network of global suppliers, automatically route information for attestations and representations, and generate the required regulatory reports. The solution will also integrate with information sources such as the EICC Conflict Free Smelter list and Conflict Minerals Company Rankings list, and will trigger alerts when periodic updates occur.
In line with the organization's sustainability requirements, the solution will also help streamline supplier self-assessments as well as monitor compliance with policies around Greenhouse Gas Emissions (GHG), water quality and waste water management, hazardous waste management, and recycling.
With technology evolving at an extremely rapid pace, consumer electronics and high-tech organizations are facing a growing demand for more innovative and advanced devices. Maintaining quality and fostering customer loyalty requires that organizations effectively manage all of their supplier risks, ensure compliance with complex regulations, and meet their performance and growth objectives. To that end, leading organizations are building integrated and transparent supplier governance programs, enabled and fully supported by MetricStream solutions.About MetricStream MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com. Media Contact: Mr. Vinay Bapna Email 650-620-2955
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