Why is supply chain transparency important?
Achieving transparency in supply chains is crucial for businesses that want to operate ethically and responsibly.
A transparent supply chain can help businesses identify and mitigate risks, such as human rights violations, environmental damage and reputational harm. It can also help businesses ensure compliance with laws and regulations, and meet the expectations of customers, investors, and other stakeholders who increasingly demand transparency and accountability.
By achieving transparency in your supply chain, brands and retailers can create opportunities for innovation and collaboration, as well as build trust and credibility with stakeholders.
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How can QIMA support?
If your business is new to ESG, we can help you gain visibility across all levels of your supply chain. Our process begins with supply chain mapping and setting up self-assessment questionnaires (SAQs) to collect valuable data from all tiers of your supply network. This enables you to identify and engage suppliers beyond the first tier.
Our team of experts will closely monitor the SAQ responses and provide a comprehensive report with supplier risk-grading. This report can serve as the foundation for a risk-based due diligence strategy. Alongside setting up and monitoring the SAQs, we will also provide a customized mitigation plan based on the findings.
Supply chain mapping also offers the added advantage of having access to individual supplier profiles on a single platform. This includes uploaded reports and certificates, which can be used to manage follow-up actions for each supplier.
Contact us to learn more about how we can help your business achieve greater visibility and strengthen your ESG practices, including tracking and calculating your product's carbon footprint, across your supply chain.
QIMA benefits
Custom compliance dashboard to assess real-time ESG and supplier performance, track progress and visualize your supply network
Data downloads to map against reporting standards to support companies’ communication strategies
In-depth local knowledge with auditors attuned to the culture, laws and practices of their region
Our experts receive regular training on regulations and best practice
Global coverage in over 100 countries in Asia, Africa, Europe, North and South America
Continuous improvement approach drives long-term change and empowers suppliers to act
Online program management book audits, make payments and download detailed reports.