October means one thing: Halloween. But to avoid a 'trick' and instead enjoy a 'treat' when it comes to your supplier management strategy, you need to consider sustainability in your supply chain. Climate change, and every consequence of it, looms large over the Halloween celebrations now more than ever. The public is waking up to the real-life penalties of mismanaged supply chains, with ever-increasing demands for products and services creating wasteful production processes throughout business’ supply chains.
Reports of climate change and its negative impacts on our planet have been published since the 80s, and the Paris Agreements put real pressure on businesses to conform and commit to sustainable goals. Consumers are aware of the problem and are no longer content to be complicit in environmentally inefficient business practises. They are also more aware of those business practises, as social media creates a free-flowing stream of communication and brand transparency is no longer a request, but a demand.
It isn’t all doom and gloom, however. The increase in awareness is an opportunity for businesses to display their environmental prowess and take stock of the way things are run. If you’ve been looking for an excuse to have an overhaul and enact change, there is no better time than the present, with countless resources available to help you improve your practises for good.
the solution:
Smart businesses are already making the necessary changes to protect their brand reputation from falling foul of customers’ environmental standards, and ARCUS® Supplier Information Management (SIM) can help. It offers a cloud-based software solution to the problem of ensuring supply-base compliance with environmental policies, but its features don’t stop there. It features Artificial Intelligence (AI) capabilities such as scanning uploaded documents and certifications, notifying you via SIM of any discrepancies for further review. Newly-released AI functionality further allows automatic population of questionnaire answers using extracted configurable information (start dates, category, etc).
This saves time and reduces human error, streamlining your management process and giving you the confidence of knowing your suppliers are ESG compliant without the hassle of manually inputting and reviewing documents yourself.
Our API integrations are capable of maintaining up-to-date records of supplier information, as they communicate directly with official data sources in order to verify and update any information on an ongoing basis. Have confidence in your suppliers and give assurance to your customers with no extra effort on your part.
For more information on how SIM can be doing more for you and your business, take a look at our ESG in Supplier Management document, as well as our Ramsay Source-to-Contract case Study for testimony on the effectiveness of SIM on sustainability in business. We promise to treat, not trick you.
Happy Halloween!