Manu Gopeendran, Associate Director of Marketing - Retail & CPG at MetricStream will lead a panel discussion on the topic ‘Re-Examining Approaches to Social Compliance - A discussion on the evolution and future of CSR in the industry’ at the event.
July 07, 2014 Palo Alto, California: MetricStream, a market leader in Governance, Risk, and Compliance (GRC) Management solutions will participate at the Environmental Committee, Traceability Seminar and Social Responsibility Committee Meeting hosted by the American Apparel and Footwear Association (AAFA) from July 8-10, 2014 in Portland, Oregon. Industry thought leaders and experts from the environmental, social compliance and supply chain sustainability functions will convene at the event. MetricStream will also demonstrate its Supply Chain Governance and Conflict Minerals solutions at the event.
With hundreds of products being recalled every month by the Consumer Product Safety Commission (CPSC), global organizations involved in manufacturing and retail spaces must create a more robust supply management framework that can monitor and report across every phase of the product supply chain. In addition, stringent regulations and compliance mandates such as Conflict Minerals Act, Toxic Substances Control Act (TSCA), California's Prop. 65, Washington State's Children's Safe Products Act, Maine's Safer Chemicals in Children's Products, and California's Department of Toxic Substances Control (DTSC) demand total transparency in tracing the origin, supplier details, and history of a particular product in the supply chain. Traceability should be viewed as an effective risk mitigation tool that aids in the timely response to potential risks and non-compliance issues. Implementing a framework that has the capability to pin-point the source of an incident or error at any stage of the supply chain can help ensure more responsible and sustainable business operations.
At the AAFA Social Responsibility Committee meeting, Mr. Gopeendran will shed light on the benefits of a social compliance program to bring clarity and consistency across labour standard requirements, lower the complexity and cost for retailers and brands, and help in the exchange and integration of best practices across sectors. Attendees at the event will have the opportunity to learn and exchange ideas on various methodologies to build an effective supply management framework.
MetricStream’s Supplier Management Solution offers an automated and flexible framework that can successfully manage all aspects of supplier management and supplier performance. MetricStream’s solution, which won accolades as ‘Top ranked GRC offering - 2014,’ increases visibility and credibility across the supply chain, continuously motivates supplier performance, and aids in timely detection of risks across the supply chain and facilitates immediate corrective actions.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, NetApp, and United Technologies Corporation (UTC). MetricStream also owns and operates www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).