Improve supply chain communication and data management
UL Solutions has created a powerful digital platform to help companies across supply chains intelligently share, analyze and manage product-related data. UL Supply Chain Network uniquely combines a survey tool, network effect, and derived intelligent data in one platform that offers unrestricted product category data collection.
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Supply chain data management challenges
Despite the heavy investment of man-hours from companies up and down supply chains to manually provide and process accurate and complete product-related information, the volume of requests often becomes unmanageable. The demand ultimately weakens the reliability and integrity of the data and its value in the supply chain for making critical business decisions and managing compliance.
UL Solutions’ Supply Chain Network is a powerful digital platform to help companies across supply chains intelligently share, analyze and manage product related data. It enables buyers to quickly and easily create replicable frameworks in a secure environment for suppliers to submit required information. This consistent format for collecting data empowers companies to process and manage submitted data to make critical business decisions to meet increasing consumer and regulatory demands with improved efficiency and confidence.
UL Solutions can help
Supply Chain Network has advanced translation capabilities to reduce the efforts required and delays caused by language barriers when trading internationally. The automated system effectively gathers, shares and manages information and data across a supply chain and offers additional value to both buyers and suppliers by:
- Managing the simple update of frequently changing information due to changes in formulation, physical properties or regulations
- Saving and accessing data on UL Solutions’ secure, reliable network protecting confidential business information
- Increasing the quality and accuracy of data
- Decreasing turnaround time and completion rates for Questionnaires
- Mitigating risk of passing inaccurate data through multiple tiers of the supply chain
- Option for suppliers to share the data with multiple buyers, ultimately saving them time
Supply Chain Information Management in 35 Minutes
This webinar discusses how to collect information from up and down the supply chain, how to manage this data and communicate it efficiently, how to identify data sources in downstream communications, and the implications of supply chain information for compliance.
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