Alcumus launches new supply chain compliance solution to deliver control across the safety, ethical and financial risks within modern supply chains
- Manage sustainability and ESG risks across modern supply chains
- Verification services for all suppliers building on the success of Alcumus SafeContractor
Market-leading Health, Safety and ESG risk management provider Alcumus, today launches a new solution for organisations needing to manage sustainability risks across their supply chain.
Designed to maximise supply chain compliance and visibility, the new solution is an expansion of the flagship Alcumus SafeContractorTM solution. By increasing the range of supplier types and associated risk categories, organisations seeking comprehensive supply chain risk management now have a one-stop-shop from the most trusted name in the industry.
Alcumus research conducted in December 2021[1], revealed more than three quarters of businesses have encountered instances where supplier performance has adversely affected their own business in the past. In this context, ESG factors, such as sustainability and modern slavery, are of increasing concern at board level.
This intensifies the pressure for businesses to enhance the visibility of their supply chains and therefore to improve pre-qualification and verification processes across the supplier universe. That same pressure is felt by the suppliers themselves, the increasing demand to evidence that they are a responsible organisation, can win or lose them contracts.
The new Alcumus solution, enables tailored assessments by the Alcumus in-house audit team to verify suppliers against key policies. With over 20 years of experience in supplier risk management, Alcumus can now accredit and verify across the full breadth of health and safety, sustainability, modern slavery, data privacy, insurances, quality, and financial status for organisations in the UK.
This brings greater visibility and control to Alcumus clients, connecting globally operating enterprises to a trusted community of verified suppliers and contractors. The combined community counts just under 40,000 members internationally, with contractors and suppliers across a range of sectors and trades, supplying organisations in areas with different degrees of risks.
For suppliers, the solution allows them to evidence their business credibility, demonstrating that they have the processes and documentation in place to comply with current regulation and legislation enabling Alcumus’ Enterprise clients to fully trust the standards of its supply chain.
Alyn Franklin, CEO Alcumus, says: “Without an effective supplier management verification process in place, companies invite risk, additional cost, brand damage and disruption into their business. It is fundamental companies know in advance which suppliers they can trust. We have delivered this transparency and insight through SafeContractor for over 20 years and I’m now delighted to expand our reach to encompass all supplier categories.”
For Alcumus Enterprise clients the management solution is Alcumus Supply Chain Compliance. For suppliers, the verification scheme is SafeSupplier. Both are immediately available in the UK, with North America following.
1Source: Alcumus Supply Chain Compliance & Resilience Research, December 2021
[1] Source: Alcumus Supply Chain Compliance & Resilience Research, December 2021
About Alcumus
Alcumus helps organisations create a safer and more sustainable world through market-leading integrated products and services that anticipate, manage and mitigate risks to protect people, organisations and our planet. It supports global clients – many of whom are on the FTSE 100 index and Fortune 500 indexes. Through an integrated approach to managing Health, Safety and ESG across industries, locations, contractor and supplier networks, Alcumus contribute to the continued success of 45,000 around the world. The in-house team of specialists also provide HR consultancy and workplace monitoring services, training and UKAS accredited certification and accreditation support. For further information visit www.alcumus.com.
[1] Source: Alcumus Supply Chain Compliance & Resilience Research, December 2021