This post is based on content delivered during Conflict Minerals EDGE. It leverages content contained in presentation delivered by Spend Matters Thomas Kase titled: Conflict Minerals: Let Technology Do The Heavy Lifting. Spend Matters PRO subscribers (annual full subscribers or corporate members) can download the entire presentation here.
Spend Matters and MetalMiner research suggests that technology should be key in assessing and managing conflict minerals compliance. But the landscape – and noise generated by a number of providers – can be quite confusing. Thomas Kase shared during his presentation today that there are several categories and classes of solution that can help drive conflict minerals compliance, including the following types of tools: contract management, sales/order management, supplier management, product/product lifecycle management, sourcing, and third-party data enrichment.
Thomas noted that supplier management tools (combined with third-party data enrichment) will be central to most conflict minerals compliance efforts, yet at the same time, many companies may need multiple solutions depending on specific requirements, industries, and customer expectations. He suggests that at its core, technology can help assess and manage 3T/G exposure for companies.
This includes informing, training, and documenting information across all areas of the business and the supply chain. It also can help bridge the visibility and compliance gap by directly addressing requirements focused on end customer reporting, contracts, suppliers (including locations, parents, and subsidiaries), products and sourcing-specific activity to provide early and full visibility to the sourcing process and team to enable early upstream correction.
The Technology and Solutions Landscape: Addressing Conflict Minerals Compliance
Source: Spend Matter/MetalMiner
Look for the second and third posts in this series tomorrow morning.