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.

To learn more about the event, click here.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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