Scoping
Define compliance boundaries in your supply chain
Scoping in the context of due diligence is about setting clear boundaries for your compliance efforts. It involves identifying the relevant products, geographies, and suppliers that fall under your due diligence responsibilities. This process helps you manage risk effectively by determining the regulations, standards, and procedures that apply to specific parts of your supply chain. DoubleHelix provides the tools and expertise to make scoping efficient and aligned with both regulatory and voluntary frameworks.
The importance of effective scoping
Effective scoping is essential for streamlining your due diligence efforts. Without a clear understanding of what’s in scope, you risk wasting resources on unnecessary checks or, worse, overlooking critical compliance areas. Scoping helps you:
- Identify high-risk areas in your supply chain.
- Target key suppliers for deeper due diligence.
- Ensure compliance with relevant regulations and standards.
- Avoid penalties by ensuring that nothing critical is missed.
By using Nature’s Barcode for scoping, you minimize risk, optimize resource allocation, and ensure your compliance efforts are focused where they matter most.
Define the exact products, geographies, and suppliers that need to be included in your due diligence, avoiding unnecessary complexity.
Identify and prioritize areas of highest risk to ensure compliance with applicable laws and standards.
Save time and resources by focusing your due diligence on what truly matters, reducing the burden on your team.
Leverage Nature’s Barcode’s global reach to scope your supply chain, no matter where your suppliers are located, ensuring compliance in every jurisdiction.
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