Global manufacturers such as Regal Beloit, Molex and MeadWestVaco have realized that an enterprise compliance platform should automate the process of data collection from a supply chain. Once data about finished goods (and the substances and raw materials within them) is collected, that data should be stored in a database for risk analysis, alternative assessments, compliance reporting and forecasting.
A compliance system that does all this for you can elevate materials data management to a strategic event for your company, rather than a tactical, get-it-done effort to cull supplier data as needed. Reactionary measures mean only sporadic efforts, which are costly, inefficient in terms of time and resource allocation, and inaccurate, especially if data is stored on spreadsheets or in a local, isolated database.
Business leaders know that creating a strategic program results in consistent data, enabling you to act immediately, even pre-emptively to global requirement changes. The right strategic program provides the infrastructure to perform more cost-effectively over time.
An enterprise software solution must help manage regulatory risk around a myriad of regulatory obstacles, from Europe's REACH, RoHS and WEEE to Asia's new K-REACH to United States state laws, pending TSCA restrictions and even SEC conflict minerals reporting requirements. To view a list of specific features to look for in compliance technology, click the Features tab at the top of this page.
For more information, view the Material Disclosure Fact Sheet.
Material Disclosure features include:
- Communication/collaboration with suppliers
- All data is inter-connected but accessible by permission only
- Product stewardship and risk assessment dashboard tools
- REACH, RoHS, WEEE (and more) compliance assurance
- Compliance with hundreds of regulatory lists
- Disclosure management down to the substance level
- Ability to set threshold quantities for substance analysis
- Document management
- Declaration management
- Conflict mineral tracking and reporting functionality
- Ingredient data management for compliance
- Mechanisms for bill of materials (BOM) for analysis down to the substance level to pinpoint regulatory issues
- Bill of materials (BOM) scrubbing and data consolidation
- Automatic upload, parsing and analysis of the latest EICC GeSI supplier template
- Ease-of-use for increased supplier usage and faster response times
- Audit trail of requests and responses including supplier material declaration sign-off
- Supplier dashboard
- Visibility into substances in the supply chain
- Suppliers kept hidden from one another
- Technology updates behind the scenes and seamless (SaaS)
- No high consultant fees
- A dedicated customer service representative who works with you for your success
Actio Software Awarded in Environmental Leader Annual Technology Reviews
Actio Corporation, makers of software for product regulatory assessment and compliance solutions, have announced that their software, Material Disclosure, received one of the highest scores possible in the latest Environmental Leader Technology Reviews Program.
March 8th, 2013 - World Trade 100Read More