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CMO COMPLIANCE™ is one of the world’s leading software solutions to manage suppliers.
Recent product recalls such as the China Lead Toy Paint Scandal, have resulted in unprecedented levels of scrutiny in the supply chain with regulations and legislation requiring organizations to be even more vigilant in the management of suppliers.
With legislation being enacted and brand reputation at stake, the primary focus has always been meeting regulatory obligations. However the CMO COMPLIANCE™ Supplier Solution allows organizations to capitalise on these improvement opportunities and extract value from compliance.
Global Leaders benefit from the CMO COMPLIANCE™ Supplier Solution to improve the reporting and management of their supplier compliance, reduce risks, reduce costs and streamline business processes thereby presenting opportunities to continually improve the organization.
The CMO COMPLIANCE™ Supplier Solution is a comprehensive and integrated solution designed to meet an organizations needs throughout all levels of the organization.
As a comprehensive and fully integrated web solution, CMO COMPLIANCE™ offers the following core functionalities:
- Data collection
- Consolidation
- Reporting
- Management
- Action & Issue Tracking
CMO COMPLIANCE modules typically used in this solution include:
- Dashboards
- Planning
- Audit & Assessment
- Action & Issue Tracking
- Document Management
- Training & Competence
- Supplier Management
- Customer Portal
- Workflow Management
- Reports & Improvement
Organizations face legal and financial risks when managing suppliers, as well as the risk of damaging an organizations image and reputation. These risks in turn affect an organizations value and business model.
Faced with an increasingly global business environment with ever stricter laws and regulations, organizations are finding supplier management requirements more and more complex and difficult to control.
Further, reporting and management processes take up time, resources and energy, both for management and the company's different operational units.
This is where CMO COMPLIANCE™ enables companies to automate supplier management, thereby reducing the administrative burden and associated costs. This results in operational performance improvements with the following benefits:
- Sharing of best practices
- Continual Performance Monitoring & Optimisation
- Automatic Workflow Notifications & Reminders
- Reduction in duplication & manual processes
- Reduction in administrative burden & costs
Hence CMO COMPLIANCE™ enables organizations to improve the reporting and management of their supplier performance, reduce risk and associated regulatory exposure, reduce costs and streamline business processes thereby delivering organizational improvement.
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