PICS Auditing: Optimizing Supply Chain Sustainability

“The practice of supply chain management is longstanding, yet most companies know virtually nothing about the operating practices of the companies they engage,” begins Jeffrey Muto, VP, Global Marketing at PICS Auditing. “This critical lack of insight makes it nearly impossible for companies to manage the operational risk within their partner networks,” Muto adds. Supplier and contractor performance data in areas including health and safety, environmental, financial viability, quality, cor-porate social responsibility, and other sustainable business practices are now coming to light through solutions like PICS, an Irvine, CA-based software company whose platform powers the supply chain sustainability efforts of the world’s biggest and most successful companies.

“Every day, supply chain partners unwittingly operate in ways that are materially detrimental to the companies they represent,” said Muto. “Our solution enables our clients with clear views into where such risks exist—informing better go-forward hiring and partnering decisions.” The PICS solution provides configurable insights to client users based on role and areas of interest, with everything calibrated to the unique operating realities of each client, be they regulatory, operational, or geographic. The company is investing heavily in predictive analytics that will leverage a combination of lagging and leading indicators to forewarn clients of impending risk.

The PICS DocuGUARD product provides all necessary vendor profile information to ensure that a client’s minimum qualifications to perform work on supply materials are being met.

InsureGUARD captures data and verifies that vendors are carrying requisite insurance coverage to indemnify clients in the event that an incident occurs.