Resilinc Expands Products with New Solution for Conflict Minerals Compliance
Santa Clara, CA – May 14, 2013 – Resilinc Corp., the leading provider of supply chain resiliency solutions, today announced that it has won the 2013 Supply & Demand Chain Executive “100” Great Supply Chain Projects award and that it was also highlighted in a recently released IDC Manufacturing Insights report on supply chain resiliency. The award will be presented in the June issue of Supply & Demand Chain Executive (SDCE) magazine. Extending its industry leadership in supply chain risk and compliance, Resilinc also announced that its SupplyIntelTM offering now supports conflict minerals compliance pursuant to Dodd-Frank Section 1502.
The 2013 Supply & Demand Chain Executive “100” award honorees are supply chain solution and services providers that are helping their customers and clients to achieve supply chain excellence by driving improvements and bottom-line value across their supply chains. The annual SDCE 100 awards spotlight innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions in warehouse, transportation, procurement sourcing and other business-critical areas in the end-to-end supply chain. The supply chain projects receiving SDCE 100 awards can serve as a roadmap for new opportunities to drive operational improvements because they have produced measurable gains in ROI through cost-cutting and increased efficiency. The submissions were evaluated by the magazine’s editorial staff primarily based on: ambitiousness/scope of the project (30 percent); creative application of technologies/solutions/services used (20 percent); extent of the business results/impact (40 percent); and clarity of submission (10 percent).
The IDC Manufacturing Insights report titled “Business Strategy: Arguing the Case for Supply Chain Resiliency in 2013” (doc #MI240502, April 2013) discusses the growing importance of supply chain resiliency and argues the case for focus and investment. According to Simon Ellis, practice director, IDC Manufacturing Insights, “Manufacturing supply chains must prioritize flexibility and visibility if they are to adapt to a global marketplace that is evolving to be simultaneously volatile, personalized, and demanding of quality in product and service.” The report discusses the vendor landscape according to four categories including: risk assessment; supplier relationship management; visibility, monitoring and reporting; and responsiveness. According to the report, Resilinc is unique in addressing all of four categories. Ellis states, “Indeed, if a manufacturing company were to ask for a vendor that covers the full spectrum, the only one that IDC Manufacturing Insights has had experience with is a specialty vendor called Resilinc. A company formed by ex-Cisco risk management practitioners, Resilinc is small but covers all of the four areas mentioned above.”
“Resilinc is proud to be recognized as an industry leader by Supply & Demand Chain Executive and IDC Manufacturing Insights. And now with our expansion into conflict minerals compliance, Resilinc is quickly becoming the global gold standard for supply chain risk, visibility, resiliency, and compliance solutions. SupplyIntel 3.0 now empowers integrated conflict minerals compliance pursuant to Dodd-Frank Section 1502, in addition to providing next-generation multi-tier supply chain mapping and visibility, risk analytics, global event monitoring and total resiliency management capabilities,” said Bindiya Vakil, CEO of Resilinc.
About Resilinc SupplyIntel™ 3.0 for Conflict Minerals Compliance
Resilinc SupplyIntel 3.0 enables companies to address the due diligence challenges posed by the Conflict Materials provision of Dodd-Frank. Resilinc’s solution helps ensure regulatory compliance through the collection, tracking and reporting on the use of gold, tungsten, tantalum and tin sources at the product and part level across multiple tiers of the supply chain.
Conflict minerals regulatory compliance is facilitated by a Resilinc SupplyIntel conflict minerals survey that is based on industry standards. Suppliers can log into a secure, web-based solution and fill out the standard survey. Resilinc’s unique architecture enables suppliers to avoid duplicating data entry by sharing their information with the customers they approve on the Resilinc platform. This effectively facilitates compliance without creating undue resource burden on suppliers.
Resilinc’s proven supplier engagement and onboarding model has been proven to minimize our customers’ effort and the resources required to meet comprehensive compliance requirements. Resilinc’s approach delivers the supplier network efficiencies required to cost-effectively meet these requirements.
Customers can get complete and auditable reports on supplier progress in completing the survey, as well as a final compliance scorecard for the overall business, by supplier and by customer, as well as for individual products and product families.
Additionally, seamless integration with Resilinc’s risk mitigation workflow module enables commodity managers or other users to follow a step-by-step wizard to choose effective mitigation strategies and follow-up actions where applicable. The reporting compliance software services, moreover, enable data collection and reporting with lowest resource impact on customers and suppliers.
Resources and Links
- Click for more information and resources on Resilinc.
- Click for more information on the IDC Manufacturing Insights report.
- Click for more information on the 2013 Supply & Demand Chain Executive 100
Resilinc is the leading provider of supply chain resiliency solutions and delivers scalable enterprise solutions that enable supply chain professionals to gain visibility across multiple tiers of their complex, global supply chains. With a comprehensive offering that encompasses multi-tier supply chain mapping, single points of failure analytics, global disruption event monitoring and management, mitigation workflow, and part-level supply chain compliance programs such as conflict minerals, Resilinc has become the leader in comprehensive supply chain resiliency solutions. Resilinc helps customers achieve supply chain resiliency through innovative and patent-pending technology, an extensive resiliency-driven supply network, and a proven comprehensive enterprise scale solution that delivers strong value to both clients and supplier partners. For more information, visit www.resilinc.com.