November 08, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions will be participating at the Compliance Week West Conference to be held November 15-16, 2012 in Palo Alto, California. The event will bring together compliance, risk, and audit experts from leading global corporations who will participate in keynote and panel discussions providing conference attendees with an analysis of the risks that affect their operations, along with recommendations on the solutions needed to address those risks.
During the event, Keri Dawson, Vice President of ComplianceOnline Advisory Services at MetricStream will join Scott Lercel, Director of Social Responsibility and Sustainability of Owned Brands at Target Corp., and Kindley Walsh Lawlor, Vice President of Social and Environmental Responsibility at Gap Inc. to lead a session on “Managing Ethical and Social Compliance Risks in the Expanding Supply Chain.”
Competitive pressures, globalization and increasingly discerning and demanding customers have forced retailers, manufacturers, and consumer product goods (CPG) companies to expand and diversify their supply chains. While there are benefits to increasing the scope of their operations and suppliers, organizations are also exposed to a great number of social and ethical risks. A poorly established ethics and compliance program can lead to liabilities, fines, product inefficiencies, and ultimately damage the brand, its reputation, and destroy shareholder value. During the conference session, Keri, Scott, and Kindleywill talk about best practices in assessing and managing social and ethical risks, improving visibility of potential risks in the supply chain, and collaborating with suppliers and vendors to implement risk mitigation strategies.
MetricStream’s Supply Chain Governance Solution enables retail and CPG companies to effectively streamline and manage their supplier quality and performance, and helps identify, mitigate, and manage supplier risks for key procurement and manufacturing processes across the geographies. The solution’s built-in capabilities enable organizations to maintain heterogeneous models of collaboration between decentralized supply chain agents, and allow rapid integration of new partners into the existing supply chain. The solution is embedded with a global supplier performance management process and supplier quality management capability that measures and controls supplier performance, provides visibility into supplier quality, and improves overall supplier accountability.
MetricStream’s Social Compliance Management Solution is used to communicate and establish code of conduct and social compliance polices at supplier and vendor locations, provide training, assess and validate compliance, and monitor compliance controls, as well as identify and resolve issues. The solution provides enterprise-wide visibility into compliance processes through its powerful dashboards and reporting, enabling managers to proactively identify inconsistencies and areas for improvement.
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, and NetApp. MetricStream also owns and operates the 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).