Assent University Classroom: How Education Leads to Compliance

Assent University Classroom: How Education Leads to Compliance

Compliance programs are often compromised by bad data collected and submitted throughout the supply chain. In most cases, this can easily be avoided by educating suppliers and internal teams about the importance of regulatory compliance. That’s why compliance training is crucial to running a successful campaign.

Conveying Importance to Suppliers

The regulatory landscape is intricate, detailed and ever-evolving. Not only is this frustrating for suppliers, especially those that don’t themselves fall under the scope of U.S. and EU disclosure laws, but it also leads to a lack of awareness about their obligations. It can be hard to care about something you don’t understand, which is one reason so many compliance information requests go ignored — leaving your company on the hook.

An educated supply chain is far more likely to give your compliance requests the attention and priority they deserve. Once suppliers have a full grasp on what is required from them to facilitate your company’s compliance with various laws and regulations, they are more likely to buy into the process and fulfill their obligations. This minimizes the risk of non-compliance and bad data from the supply chain.

Teaching Foresight to Internal Teams

Until automated software solutions came along, tracking supply chains and collecting data meant wading through clumsy binders full of literature in order to build a comprehensive understanding of the process. Compliance teams then had to manually interact with their suppliers to perform surveys, a process that often returned inaccurate data.

Along with using the Assent Compliance Platform (ACP) to streamline the survey process, a deeper understanding of your company’s regulatory requirements will make it easier for employees to predict which suppliers are at risk of non-compliance. For example, if your company manufactures cell phones, then you know the tungsten in your supply chains could be sourced from the Democratic Republic of Congo, where mining is associated with child labor, human trafficking and funding of conflict.

A comprehensive, user-friendly compliance training program teaches your team how to identify and resolve these risks before they impact your product or brand. This will also help you assess your supply chain to determine which of your suppliers will benefit from compliance training and education the most.

Greater Accountability and Transparency

Supply chains and internal teams can improve by becoming more accountable for staying up-to-date on trends. The regulatory landscape is so complex it’s hard for one person, or even a team, to stay on top of all the regulations their business needs to manage. This is especially true of suppliers operating in countries that are not heavily regulated.

With a thorough, inclusive educational process, stakeholders can keep tabs on the regulations they need to comply with. This leads to greater accountability and transparency both internally and down the supply chain. In some cases, education is even required by the rules to which companies must abide.

Assent University: Compliance Training Delivered by Our Experts

While compliance training can be delivered through several useful tools, there are two that are particularly effective. The first is in-person information sessions: seminars, conferences and forums. The second is web-based software.

Although Assent continues to provide in-person educational opportunities delivered by industry experts, it has recently launched the Assent University Classroom — the industry’s only comprehensive compliance learning management system (LMS). The LMS provides access to an expansive set of training courses, created by Assent’s learning experts in collaboration with our regulatory team.

Companies utilizing the tool are able to create customized learning paths that directly engage their business’ regulatory challenges. They’ll also be able to track the progress of both internal employees and suppliers, cutting down on and providing deeper insight into potential risks.

Some topics available to study through the Assent University Classroom include:

  • REACH
  • RoHS
  • Proposition 65
  • Anti-Bribery, Anti-Corruption
  • Anti-Human Trafficking
  • Ethical Sourcing
  • Conflict Minerals
  • …and more!

Assent University also provides access to a wide array of free supplementary resources, including FAQs, eBooks, whitepapers, case studies, video tutorials, webinars, conferences and online tools.

For more information about how Assent University can help your company’s efforts to increase the efficiency and success of its compliance program, email our team today at info@assentcompliance.com, or click here to view our Assent University resources immediately.

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