Industrial Manufacturing

Third Party Risk Management and Compliance Requirements for Industrial Manufacturing

Industrial manufacturing companies register, qualify, and depend on thousands—even hundreds of thousands of third parties. They also manage complex production schedules and international finances, ensure that Health Safety Environmental and Quality (HSEQ) standards are continuously met, ensure that financial data is accurate and insurance policies in place, and work to comply with a broad range of regulations.


The Aravo Risk and Compliance Solution for Industrial Manufacturing

General Electric uses Aravo to manage its third party relationships—a complex, multi-tier third party supply chain encompassing hundreds of thousands of organizations. Aravo enables GE and other Global 2000 manufacturers to comply with all relevant third party regulations, including those related to Human Rights, Health & Safety, Environment, and Ethics. Key advantages of the Aravo solution include its highly flexible architecture, enabling changes to be made quickly and applied through entire areas of the platform, and foreign language support. Using Aravo, GE achieves “a single version of the truth” regarding its third parties and their status with regulatory compliance.

Aravo Risk & Compliance Solution Benefits for Industrial Manufacturing Companies

  • Streamline and harmonize data and processes across the third party and supply network for improved transparency, flexibility and agility
  • Eliminate risk silos and deliver a centralized ‘version of the truth’ for the extended enterprise
  • Increase third party transparency through Tier 1, 2 and beyond
  • Reduce complexity and third party administration costs
  • Expand third party networks and enter into new markets with confidence
  • Accelerate time to market
  • Reduce brand risk
  • Improve oversight with an always accessible audit trail
  • Expand to new use-cases as you harness the power of the flexible Aravo Enterprise platform

Regulations and Standards that impact Industrial Manufacturing

U.S. Foreign Corrupt Practices Act (FCPA)

Forbids bribing foreign officials and mandates transparent accounting practices.

UK Bribery Act

Covers British criminal laws related to bribery and establishes penalties including imprisonment, fines, and confiscation of property.

ISO 14001:2015

Sets out the criteria for an environmental management system applicable to any industry.

ISO 50001

Supports the use of Energy Management Systems (EnMS).

ISO 9001:2015

The international standard for quality management systems.

OHFAS 18001

The international specification for occupational health and safety management systems.

SA 8000

The certification standard created by Social Accountability International (SAI) for decent workplaces, encompassing regulations about child labor, forced labor, and health and safety.

Trafficking Victims Protection Act (TVPA)

Authorizes protections for undocumented immigrants who are victims of severe forms of trafficking.

UK Health & Safety at Work Act of 1974

Provides for securing the health, safety and welfare of persons at work.