Supply Chain Due Diligence: Essential for Legal Compliance and Risk Management
What You Need to Know
Recent legal changes have made supply chain reporting mandatory for some businesses. Companies must now thoroughly investigate their existing supply chains and carefully vet new suppliers. This practice extends to mergers and acquisitions, where buyers scrutinize target companies' supply networks to avoid inheriting unknown risks.
What Type of Supply Chain Due Diligence Do I Need To Undertake?
BACKGROUND
Supply Chain Due Diligence
Why It Matters
Ensures legal compliance
Mitigates risks
Protects brand reputation
Promotes ethical business practices
By prioritizing supply chain due diligence, companies can navigate complex regulatory landscapes, minimize risks, and foster sustainable business relationships.
Key Types
The key types of supply chain due diligence are financial due diligence, legal due diligence, environmental due diligence and social due diligence (including modern day slavery).
Who Uses Our Solution?
We have various departments within an organization who can leverage our solution to do due diligence on their supply chain, including professionals from the following teams.
Commercial Team
Procurement Team
Legal Team
Compliance Team
Human Resources
Occupational, Health and Safety
New Business or Tendering Team
SELL-SIDE (YOUR CUSTOMERS)
Are You Drowning In Questions About Your Supply Chain?
Answer Your Customer’s Questions in Minutes
Our Clients Trust Due to Manage Their Customer Questionnaires
Is your business struggling to handle an increasing number of compliance questionnaires from your customers? Due helps efficiently respond to these questionnaires, while impressing your customer with your best-in-class supply chain transparency.
Modern Day Slavery (MDS)
Respond to inquiries about forced labor prevention
Demonstrate compliance with modern slavery regulations
Data Protection and Information Security
Outline your data handling and cybersecurity measures
Confirm compliance with data protection laws
Occupational Health and Safety (OHS)
Showcase your commitment to workplace health and safety
Prove adherence to health and safety standards
Anti-Bribery and Corruption (ABC)
Address questions about your ethical business practices
Highlight your anti-corruption policies and procedures
How Can Due Help?
Key Benefits
Reduce Time to Answer Questions By 75%
Harness the latest AI technology to automate question-answering. Reduce time spent answering supply chain quentionnaires by at least 75%, without increasing headcount and free up valuable staff time for core business activities.
90% Reduction in Data Entry Errors
Decrease in data entry errors by an estimated 90%, reducing time spent on corrections and improving accuracy of submissions, impressing your clients.
50% Reduction in Turnaround Time for Questionnaires
Using Due’s approval workflow tools, seamlessly manage internal review of answers and ensure accuracy with stakeholder verification before submission to your client.
Handle 30% More Questionnaires Without Increasing Headcount
Customer questionnaires are increasing and becoming more complex, requiring additional, appropriately trained staff to respond. Avoid recruiting for additional specialized (and expensive) resources without compromising on response quality.
How Does It Work?
3 Step Process
Step 1
Upload Your Customer’s Questions and Your Knowledge Base to A Secure Project in Due
You need a platform you can trust with your data. Upload your proprietary, confidential information to a secure project in Due, that won’t use your data for commercial benefit, and we will take care of the rest.
Pro Tip: We offer integrations with your customers’ systems to pull the questions directly without having to upload the questions.
Step 2
Due AI™ Automated Question-Answering
Due AI™ will read and understand your knowledge base to answer your customer’s questions within minutes. The answers are tailored to your organization and are based on your most up-to-date information.
Pro Tip: You can access Due AI™ that has been specifically fine-tuned on your information so the AI’s memory over time will improve and answer the questions more accurately.
Step 3
Customizable Workflows and Secure Collaboration
Questions Due AI™ was unable to answer based on the knowledge base will be assigned to the relevant subject matter expert (SME) for their input. Additional information can be uploaded to answer the question or the SME can manually answer the question.
Pro Tip: You can download your completed questions and answers in your preferred format or integrate with your customer’s portal.
Don't let your customer’s supply chain questionnaires increase your headcount. Embrace the power of Due AI™ and transform your process today.
Are you ready?
BUY-SIDE (YOUR SUPPLIERS)
Streamline Your Supplier Onboarding Process and Audit Your Supply Chain
Enhance Your Supply Chain Risk Management and Compliance
Are you required to audit your supply chain and streamline supplier onboarding? Discover how comprehensive supply chain due diligence can transform your business operations and ensure regulatory compliance.
What Questionnaires Can I Send to My Suppliers as Part of My Onboarding Process?
Human Rights
Compliance and Anti-Bribery
International Trade – Export, Import, and Trade Sanctions
Conflict of Interest
Safety, Health, Environment
How Can Due Help?
Key Benefits
Reduce Supplier Onboarding Time by 30%
Send your suppliers a customized supplier onboarding questionnaire that allows you to do your due diligence on your prospective suppliers. Use DueAI™ to make sure your questionnaires are compliant with law. Suppliers can securely share their information in Due to support their responses.
Detect High Risk Suppliers Before Onboarding to Your Supply Chain
Give your suppliers a score based on their responses to your questionnaire to quickly identify high risk suppliers. Find potential vulnerabilities in your supply chain before they impact your operations. Pprotect your business reputation and stakeholder interests before it’s too late.
Reduce Compliance Reporting by 50%
You have all the data on your suppliers based on the completed questionnaires. Simplify preparing reports for government agencies and internal stakeholders by leveraging this data, ensuring transparency in your supply chain while being compliant with the law.
Educate Your Suppliers and Contractors For Free
Training your suppliers and contractors is critical to operationalizing your respect for human rights. We provide ways for you to make your efforts to build awareness of human rights risks and what are your minimum expectations of the suppliers and contractors with which you partner.
How Does It Work?
3 Step Process
Step 1
Upload Your Customized Supplier Onboarding Questionnaire or Make Your Own
If you don’t have a questionnaire to send to your suppliers, use Due AI™ to create one that is compliant with relevant laws or customize a Due questionnaire.
Step 2
Invite Your Suppliers to A Secure Project in Due to Complete the Questionnaire
Create a project and provide access to your supplier so they can answer the questions. Suppliers can also securely share documents with you to support their answers.
Step 3
Review and Assess Your Suppliers
Use our algorithms to score your suppliers based on their answers. Customize the scoring system based on jurisdictional requirements and your internal policies and procedures to identify high-risk suppliers.
Ready to revolutionize your supplier onboarding process?
GOVERNMENT REPORTING
Streamline Annual Compliance Reporting with Due's Supply Chain Data Management
Effortless Compliance Reporting for Government and Stakeholders
Are you struggling with time-consuming annual compliance reports? Discover how Due's advanced supply chain data management system can revolutionize your reporting process.
Due's Compliance Reporting Solution
Key Benefits
Automated Data Aggregation
Instantly compile supply chain information from your secure database based on your supplier’s inputs
Eliminate manual data entry errors and save countless hours
Customizable Report Generation
Create tailored reports for various government agencies and stakeholders
Ensure compliance with industry-specific regulations and standards
Real-Time Supply Chain Insights
Access up-to-date information on your entire supply network
Make informed decisions based on the latest data
Seamless Integration
Compatible with existing ERP and compliance management systems
Streamline your entire reporting workflow
Ready to simplify your compliance reporting?
INTEGRATIONS
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