A successful transition from manual processes to automated outreach
Dwyer Instruments is a trusted leader in manufacturing innovative instrumentation solutions for the worldwide HVAC and process automation markets. Their system for managing conflict minerals reporting involved manually gathering data from suppliers through their purchasing department and obtaining information on a part-by-part basis. This process required additional temporary employees, took time away from key purchasing tasks, and slowed down customer response time. To ease these compliance burdens, they investigated automated software solutions to improve cost-effectiveness and better manage time.
The Source Intelligence conflict minerals solution
Dwyer was drawn to Source Intelligence because of thorough demonstrations, visual representations of data on the platform, and the company’s relationships with account managers which provides multiple points of contact for support. Source Intelligence provided Dwyer with a conflict minerals reporting solution that automated supplier outreach and monitored responses with visual reports for easy data analysis. The solution also allows different platforms to be linked, avoiding repetitive vendor requests for the same information, which eases supplier fatigue. The seamless documentation output allowed for efficient and accurate reporting to the SEC to comply with Dodd-Frank Section 1502.
Dramatically increased supplier response rates
Since Dwyer began working with Source Intelligence, their supplier response rate has increased dramatically. Last year, Dwyer’s response rate increased from 52% of their supply chain to 60% in the current reporting year. Since the success of the Conflict Minerals platform, Dwyer has launched additional programs with Source Intelligence to manage REACH, RoHS, and SCIP compliance. In the first quarter of this year, Source Intelligence has obtained over 60% of the required information for Dwyer’s RoHS program, and the other programs are not far behind. Looking forward, they are confident that the platform will be adaptable to regulatory changes.
“Source Intelligence has been very responsive to our many requests while we establish a program around identifying, gathering, disseminating, and reporting the massive amount of data required by so many different compliance requirements. Our Conflict Minerals program is off to a good start and is, of course, evolving. Source Intelligence is right there with us assisting as we further develop our programs.”
- The Dwyer Compliance Team
Simplify conflict minerals reporting
Conflict minerals regulations require companies in the United States and the European Union to report on conflict minerals used in their supply chain. Compliance can be challenging, as these regulations are always evolving and require data collection and supplier trust.
The Source Intelligence platform uses automation to simplify conflict minerals reporting. Our program is compatible with Conflict Minerals Reporting Templates (CMRTs), Extended Minerals Reporting Templates (EMRTs), and Additional Minerals Reporting Templates (AMRTs) to meet various compliance needs. Our software collects data from suppliers, completes comprehensive smelter analyses, and monitors supplier responses. The gathered data is compiled into one concise, comprehensive report for data analysis.
We provide businesses peace of mind by configuring solutions to reduce manual errors and ensure products meet regulatory standards.
