Standard Equivalency

By bringing all industry players into the same network, Inspectorio Rise facilitates the sharing of verified data for everyone to benefit. One of the key features which enables us to do this is our ‘Equivalency’ functionality.

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How can a digitized platform automate and normalize the equivalency of international standards?

Centralizing  & Standardizing International Standards with your internal Code of Conduct brings a multitude of benefits – to you and your vendor & factory matrix.

By bringing all industry players into the same network, Inspectorio Rise facilitates the sharing of verified data for everyone to benefit. One of the key features which enables us to do this is our ‘Equivalency’ functionality.

Every year, facilities across the supply chain participate in hundreds of assessments in relation to social, environmental, technical, health & safety and other international compliance standards.

For Vendor and Factory organizations this is a time consuming process. Audit fatigue is an already acknowledged problem in the compliance industry, with vendors and factories having to report the same environmental or social compliance information to different clients repeatedly, across multiple standards and multiple systems.

For Brands and Retailers, just collecting this information and organizing the thousands of data points it generates can be a logistical nightmare – before even thinking about how to analyze the results of these assessments in a meaningful way. The lack of a single system to aggregate and analyze this information makes it extremely difficult, if not almost impossible, to effectively create compliance benchmarks or comparative analysis, and can result in costly, inaccurate and infrequent reporting.

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How can a digitized platform automate and normalize the equivalency of international standards?

The Inspectorio Rise platform allows Brands and Retailers to facilitate the process of normalizing and standardizing the large number of International Standards to their own internal compliance standards. Our Equivalency feature enables the disclosure of reports and assessments from International Standards that your factory matrix is complying with and allows you to map equivalencies between these external standards and your own internal Code of Conduct. Link common issue lists to your own questionnaires in the Rise system and set which responses correspond to particular issues across multiple international standards. See the results of these international standards in the terms of your own codes of conduct – and drive continuous improvement through automated corrective action plans!

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Centralizing  & Standardizing International Standards with your internal Code of Conduct brings a multitude of benefits – to you and your vendor & factory matrix.

Facilities being audited no longer have to exert duplicative efforts by logging in to multiple systems to complete similar assessments and answer the same questions multiple times – saving resources, and reducing compliance fatigue!

For Brands and Retailers, aggregating this data within a single system significantly reduces the manual workload involved in collecting and analyzing compliance assessments, freeing up resources to invest in higher value added activities.  The consistent, standardized execution of these operations allows for more effective statistical analyses of results and facilitates data-driven decision making.

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