Conflict Minerals Compliance: Data Enrichment Sources
Tags: L2, Procurement Research, SAP, Suppliers
This post is based on excerpts from the MetalMiner (part of the Spend Matters Network) paper: The Definitive Guide to Conflict Minerals Compliance for Manufacturers: An A–Z Guide to Conflict Minerals and Semi-Finished Metals. Spend Matters PRO Subscribers can also click to read two more detailed technology analyses on conflict minerals compliance strategy here and here.
A key stop on your conflict minerals compliance journey involves finding the right providers of external data relevant to your industry and products. Dun & Bradstreet (D&B) and Bureau van Dijk serve as two good candidates to help validate and augment supplier data. They also allow one to bring in parent-child linkages with a geographical footprint. D&B claims that it has the only patented data collection process providing “the largest source of complete and actionable data and intelligence covering more than 205 million businesses world-wide.”
SAP’s Supplier InfoNet is an interesting product that is especially valuable for those in SAP-dominated industry verticals. SAP includes significant data enrichment as part of its InfoNet offering, but we are not aware of whether they have yet to target conflict minerals compliance specifically. Other supplier network models (e.g., Aravo) that focus beyond transactional interchange are likely to crop up and deliver similar enrichment capability as well.
Other information sources for validation include supplier management and spend analysis providers (e.g., Ariba, BravoSoluton, Emptoris/IBM, Iasta, SciQuest, BIQ/Opera, etc.) that already have in place an OEM relationship for basic enrichment content to tackle the parent/child enrichment challenge. Procurement and compliance teams should check whether or not they have already gone through a parent/child enrichment exercise and the vendor de-dupe as part of a standard spend analysis.
This post is based on excerpts from the MetalMiner paper: The Definitive Guide to Conflict Minerals Compliance for Manufacturers: An A–Z Guide to Conflict Minerals and Semi-Finished Metals.