The Conflict Minerals rule is the latest in an ever expanding list of material focused government regulations that are driving new customer requirements and supply chain concerns. Keeping current with the increasing pace of change in regulations, product designs, and suppliers, while ensuring that deadlines are met and costs are reduced is an enormous challenge.
Ensure Compliance, Protect Revenue, and Reduce Reporting Costs
The proven PTC Materials Compliance Solution provides a comprehensive and systematic approach to efficiently ensure compliance with government regulations and customer requirements. It identifies where materials are used in products and supply chains, automates supplier and product data capture, and generates reports to satisfy customers, regulators, auditors, and internal stakeholders. The solution delivers a strategic platform to holistically manage material, part, product and supplier compliance with numerous regulations, as well as other risk related analytics that drive business value well beyond minimizing the cost of compliance. Key benefits include:
- Enable part, product, and supplier level analysis to ensure compliance with numerous evolving regulations and customer requirements
- Efficiently collect supplier data using automated data requests, industry standards, custom templates, industry data exchanges and response validation and reporting tools
- Protect revenue streams by making compliance risk analysis part of standard development processes, including, new part introduction, supplier authorizations and engineering change requests
- Demonstrate product and supply chain compliance and due diligence for customers and government authorities with detailed, data-rich audit trails and reporting capabilities