metaSC.com | by Solution - Supplier Compliance

There are two major business benefits in effective supplier compliance and accreditation management

Risk Reduction

Product Liability
OH&S liability
Cumulative contract risk

Cost reduction

Risk reduction
For an organisation, there are many areas of risk. Let’s just focus on a few Product liability
The following has been taken from the ACCC site on Product liability
Under Australian law, the product liability provisions of the Trade Practices Act will generally apply to a company that:

manufactured the product, or
imported the product, or
sold 'own brand' goods manufactured for it under licence.

The retailer may sometimes be deemed to be the manufacturer of the product and hence liable. At an international level, product compliance covers a myriad of topics such as Food Safety, Restriction of Hazardous Substances (RoHS), Registration, Evaluation, Authorisation and Restriction of Chemical substances (REACH), and so on. This means organisations at almost all levels of the supply chain will need to know exactly what is in their products. Can your current systems cope with this new legislation…..metaSC iCiX can help.

OH&S legislation
Some companies forget, but organisations have the same legal obligation, to ensure the safety and health of contractors, as they do to their own employees. As a result, your organisation has a legal requirement to carry out the following checks on all contractors whenever they carry out any work on your premises.

Do they comply to all the necessary OH&S legislation particular to your region?
Can they contractor prove that all insurances are valid and up to date, e.g. Workcover and Public Liability?
Do all staff have the right licences and are they up to date?
Has site induction been carried out for your premises?
Have they received a copy of your OH&S policies?
Has all equipment has been tested and has a valid certificate?
Has a Risk Assessment been carried out for the proposed work and lodged?

etc, etc, etc. Does your organisation have real-time checks on all these compliance documents or is it in the too hard pile? metaSC iCiX (International Compliance Information Exchange) is an effective online business community network for managing these types of Risk, Compliance, Accreditation and Standards.

Cumulative contract risk

Like most companies, you will have hundreds, if not thousands of contracts. Each contract is likely to have liability and penalty clauses. As part of your due diligence, can you track the cumulative effect of these potential liabilities, can you easily see which subcontractor is working on which contracts, can you analyse the effect of having a non-compliant subcontractor? If not, metaSC’s contract management solution can certainly help.

Cost reduction
There are obviously a number of significant benefits naturally inherent in an integrated, web-based and purpose-built software solution including:

improved access to information,
a single corporate-wide data source,
improved data management, and
real-time analysis and performance reporting

Research in the US shows that most organisations do not track and measure the cost of poor supplier quality (COPQ) which may add up to over 10% of the organisation’s revenue. Even worse, less than 50% of companies pursue cost recovery with their suppliers. Some of the cost savings that can be quickly realised are :

Reduced administration costs. by using an online, secure, business community of trading partners. Because your suppliers are uploading their compliance information you are sharing the administrative effort of collecting this compliance information. Reporting becomes and matter of seconds rather than weeks.
Automating manual intercompany processes by replacing hard copies of forms with SmartFroms
Increased cost recovery through an effective incident and claim management system
Reduced cost of poor quality (COPQ) by improving supplier quality. The enhanced claim management system quickly sends a message to your suppliers that they need to increase their quality.