German Supply Chain Law Bundle

Meet key legal requirements of the German Supply Chain Law.

Ensure Compliance and Transparency with German Law 

In 2023, the German Supply Chain Law (Lieferkettengesetz)  will require that companies with 3,000+ employees identify, prevent, end or at least minimize the extent of human rights and environmental risks along their supply chains.

German Supply Chain Law Bundle

Monitor for Risks and Ensure Compliance

With Compliance Incident Management (CIM), you can monitor your supply network for potential risks and ensure compliance to legal requirements.

Avoid liability risks: By integrating CIM and supply chain due diligence checks into a holistic risk management approach, you can adhere to key requirements of the  supply chain law. Avoid fines, penalties and sanctions, as well as exclusion from public contracts.

Achieve transparency: Continuously monitor your supply network for potential risks and compliance requirements. Use artificial intelligence to automatically notify you of relevant risks in real time.

Mitigate Risks Related to the German Supply Chain Law

When you receive a risk alert, Action Planner helps you take remedial actions and communicate these across the organization and to your suppliers. Use ready-made and customizable action plans in which preventive measures and responsibilities are already anchored.

German Supply Chain Law Bundle
German Supply Chain Law Bundle

React Faster

Prepare a catalog of action plans for various types of risk, so you can react faster to violations or incidents.

Minimize supply chain due diligence risks: Have pre-built preventive and remedial action plans on hand for all kinds of risk. Customize plans easily to fit each use case.

Avoid fines and penalties: CIM automatically documents activities, so they can be shared with authorities or other external partners.

Avoid Reputational Damage 

Through increased transparency along the entire supply chain, you avoid losses in sales and profitability, damage to your reputation and exclusion from public contracts. 

Recognize risks before they occur and before dangers become actual events. Through continuous monitoring, potential risks are identified at an early stage. 

Build trust, maintain integrity and verify that you comply with laws in order to protect your reputation and reap benefits for your organization and your shareholders.

German Supply Chain Law Bundle

Explore Other SCRM Capabilities

Benefit from purpose-built solutions with a seamless connection.

Risk Intelligence

Effective SCRM involves monitoring millions of data sources for emerging risks. In global supply chains, the task is beyond human capacity. Risk Intelligence leverages the power of artificial intelligence to monitor data around the clock.

Mobile & TV Apps

Whether you want to see your supply chain on the big screen or the small screen, Sphera SCRM Apps have you covered.

Impact Analyzer

Impact Analyzer helps you to minimize the business impact of risk by assessing suppliers’ criticality and detecting vulnerabilities at the category level. Adding impact dimensions like revenue and spend allows you to assess the extent of damage that a potential supplier failure could have on the supply chain. This also helps you select the suppliers that are best for your business.

Action Planner

Action Planner helps you collaborate across your organization and with your suppliers to orchestrate the tasks needed to both proactively and reactively mitigate risk. Use pre-built and customizable action plans, so you can quickly take action before incidents become critical.

Risk Assessment

Risk Assessment automates supplier and third-party assessment processes, enriches evaluation of risk scores and integrates survey results into business partners’ risk profiles. Our versatile supply chain assessment tool simplifies supplier qualification and monitoring, improves data accuracy, reduces manual data collection and closes the risk feedback loop.

Compliance Incident Management

Compliance Incident Management (CIM) captures all relevant incident data. CIM comprehensively checks your supply chain for compliance-related violations and can be customized with company-related specifics. This enables you to monitor supply chain incidents that may violate regulatory requirements or internal sustainability goals and put you at greater financial or reputational risk.

Sub-Tier Visibility

Sub-Tier Visibility visualizes the process of monitoring and alerting n-tier supply chains within the Sphera Supply Chain Risk Management solution. With supplier-validated supply sites, you can confidently map sub-tier dependencies and more accurately expose threats in your sub-tiers before they become critical.

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Are You Ready to Monitor Risk in Real Time?

Learn what Sphera’s Supply Chain Risk Management software can do for your enterprise.