Vendor Compliance

Ensuring harmony in partnerships : dive into the power of vendor compliance. Our commitment to quality and accountability sets the standard.

Vendor compliance

Vendor compliance refers to the adherence of a supplier or vendor

to the terms, conditions, and standards set forth by a buying organization. Essentially, it’s about ensuring that the products or services provided by a vendor meet the specified requirements, such as quality standards, delivery timelines, and any other contractual obligations. This helps maintain consistency, reliability, and efficiency in the supply chain. Non-compliance can lead to various issues, including delays, increased costs, and potential damage to the reputation of both the vendor and the buying organization.

A path to vendor compliance

Ensuring vendor compliance involves a proactive approach from your organization. To compel adherence, clearly communicate expectations verbally and follow up with written summaries, reinforcing them through official documentation and contracts.
Actively manage and monitor risks.
Promptly addressing emerging compliance concerns.
Implement robust vendor performance management to detect and rectify issues early.
Stay informed about industry trends and regulatory changes, sharing updates with vendors and seeking their acknowledgment and commitment to compliance.
Document the breach, demand a remediation plan, and set a timeline for resolution.
Ultimately, the responsibility for vendor compliance rests with your organization.
Documenting expectations and regularly monitoring and assessing performance contribute to a proactive and effective vendor compliance strategy.

What we do?
Ensure vendor compliance in factories, establishments, and project sites
Offer customized service models for each category of establishments
Regulate entry – exit of contract labourers for compliance purposes
Amendment of principal employer registration certificates
Preparation of statutory registers for each contractor
Submission of statutory returns for each contractor
Ensure EPF/ESI compliance for the contractors
Coordination support for availing benefits from ESI & EPT
Coordination with the authorities for inspections and notices
Maintenance of records, registers, forms & notices under various legislations
Ensure minimum wages and timely remittance of ESI, EPF, and LWF payments
Ensure compliance under the BOCW act and ISMA act
Extend accident-related compliance for contract workers
Retirement or terminal benefit for contract workers
Tech enablement of vendor compliance tasks with robust automation tools
Registration and amendment of certificate under contract labour act
Issuance of labour license under contract Labour act.
Support in drafting responses to government Notices & Observations
Registration and amendment of certificate under BOCW act
Enables visibility and transparency across the organization
Maintenance separately compliance records of every contractors required under ESI & EPF inspection in statutory format
Liaising with government authorities during or after inspections / visits or otherwise
Ensure CLRA (contract labour regulation and abolition act) compliance in factories, establishments, and project sites
Web – based module to track monthly contractor compliances for PAN India locations
Periodical preparation & submission of all statutory registers & returns as per statutory periodicity
Carry monthly bill verification process for all labour law compliances applicable to the contractor and required at the time of inspections.
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Possible consequences of vendor non - compliance
Absorption of the contract labourers
Payment of arrears of contribution with interest
Fine/Imprisonment
Prosecution of the employer or board of directors