Milpitas, Calif. – Resilinc Corp., a provider of supply chain resiliency solutions, has released a new version of its Resilinc Conflict Minerals Module that is focused on driving down the costs of reporting and increasing supplier participation rates across global supply chains.
A key feature includes a supplier network-based approach that enables suppliers to publish CFSI templates once and share them with many customers. The approach, which includes services around supplier on-boarding, training and data validation, and automated reasonable assessment tests to pinpoint incorrect responses, enables faster categorization and follow-up, said Resilinc.
To help drive supplier participation and deliver quick time-to-compliance, suppliers use the Resilinc platform free of charge. In addition, to simplify efforts in reporting to stakeholders, Resilinc touts the industry’s first fully automated outbound template generation capability for customers at the product, product family, customer’s customer or corporation level. This fast tracks outbound reporting to customers by streamlining the time required to analyze supplier inputs, said Resilinc.
“As the results achieved by Resilinc Conflict Minerals Module clients clearly demonstrate, we are changing the game in conflict minerals compliance,” said Bindiya Vakil, CEO, Resilinc, in a statement. “Our clients are demanding solutions that save money, improve compliance accuracy and increase supplier participation rates while delivering real value and efficiency to suppliers in an integrated solution. With the new release of the Resilinc Conflict Minerals Module, we are delivering those benefits and more.”
The conflict minerals product fully integrates with a multi-tier supply chain mapping solution, which enables conflict minerals compliance efforts to leverage the company’s existing information database about a supplier’s sub-tier supply chain. The new module enables companies “to follow the letter of the law and demonstrate their willingness to go above and beyond in complying with the regulatory intent of the Dodd-Frank Act,” said Resilinc.
In addition, by mapping their suppliers globally and across multiple tiers, clients are able to proactively design their supply chain and sourcing networks to reduce exposure to potential risks and capacity bottlenecks in the sub-tier supply chain, said Resilinc. It also helps customers understand how commodity pricing and availability trends will impact specific components in their supply chain.
Earlier this year, Resilinc enhanced its SupplyIntel tool to address the challenges of multi-tier supply chain visibility, risk mitigation and optimized supplier engagement in major industries including high-tech and electronics, automotive, and life sciences. SupplyIntel 5.0 provides capabilities for multi-tier mapping, event monitoring, as well as risk quantification and mitigation tools.
Resilinc provides several resources around conflict minerals compliance including a solutions brief, and supply chain resiliency including a white paper on risk mitigation and an event monitoring service.