Data, data everywhere…
According to recent surveys, businesses will have a greater influence than governments in shaping the future of our society. And society has never kept such a watchful eye on companies to ensure companies are good corporate citizens. More than ever, it’s extremely important for OEMs to comply with global standards and regulations.
OEMs protect their brand reputations fiercely. And rightly so – quality, reliability and compliancy are key factors for their continued success. Without compliancy, hefty fines or suspensions could potentially occur, causing delays or even loss of a company’s competitive edge. It is therefore imperative for EMS partners to establish a bond of trust with OEMs. That being said, they must deliver the products OEMs demand; products that will safeguard their reputations.
But how can EMS providers stay globally compliant with constantly shifting regulatory requirements? Reliably managing the complexity and volume of compliance data takes an enormous amount of time and labour. Today’s digital world enables data to be managed by reputable supply chain data management solution providers. ESCATEC has taken steps to secure their customers’ trust by selecting one of the largest and most reliable supply chain data management companies on the market today: Assent Compliance.
Assent Compliance offers ESCATEC a combination of software, regulatory expertise and an extensive data network. Their platform solution adapts to support changing regulatory requirements and outputs results for ESCATEC. Assent Compliance communicates with a network of 300,000 suppliers and collects supply chain data for a variety of data types. Through the Assent Compliance Platform, ESCATEC can create and send comprehensive reports in real time with ease and the confidence of having the latest data at hand.
Compliance in a leaner and more robust way
“Ever-growing REACH and RoHS regulations demand a system that manages compliance in a leaner and more robust way”, says Benjamin Khor, Corporate Regulatory Compliance Manager at ESCATEC, “as for Conflict Minerals, different smelter and refiner engagements can result in potential risks. Assent Compliance reduces our risk and keeps us compliant with this vital policy”.
Working together with Assent Compliance strengthens and enhances ESCATEC’s corporate responsibilities and eliminates work task duplication amongst its various business units. Most importantly, ESCATEC remains competitively fit by adopting the automated and centralised Assent Compliance Platform.
The rapidly expanding regulatory work world has now become a smaller issue for ESCATEC with Assent Compliance providing faster and more accurate insights. ESCATEC looks forward to more aligned values and principles from its suppliers worldwide in regard to compliance awareness and of course, its customers’ deepened trust.
Benjamin concludes, “Assent Compliance has proved invaluable in minimising our supply chain risks, and especially in helping ESCATEC save resources, time and the associated costs.”