BUSINESS > NEWS

LRN's Third-Party Supplier Training Solution To Streamline Supply Chain Compliance Management

25/09/2024 05:38 PM

KUALA LUMPUR, Sept 25 (Bernama) -- LRN Corporation has announced the introduction of LRN Catalyst Supplier, a specialised solution for clients to deliver their Code of Conduct and ethics and compliance (E&C) training to suppliers, and measure and track engagement.

LRN Corporation in a statement said the Catalyst Supplier solution will be generally available in late October this year.

The solution will provide legal, risk and compliance leaders with solutions to mitigate supply chain risks in the face of changing regulatory standards such as the Corporate Sustainability Due Diligence Directive, which is coming into force in the European Union in 2028.

By providing a complete code of conduct and training solution, Catalyst Supplier enables organisations to foster a culture of compliance across business operations and stay ahead of rapidly evolving regulations, strengthening organisational commitment to ethical conduct and effective third-party compliance management.

In addition, the solution will have relevance to a range of sectors, including manufacturing, pharma and biotech, agriculture, automotive and retail.

Catalyst Supplier builds on the award-winning LRN Catalyst E&C compliance management platform, incorporating Catalyst Reach for supplier self-registration, onboarding capabilities, training delivery and out-of-the-box reporting.

It also incorporates Catalyst Design for course customisation and access to four titles from the LRN Inspire Library of compliance training courses.

Moreover, the solution allows clients to host, monitor and report on policies and training content made available to their supplier population.

A leader in E&C solutions that enable organisations to inspire principled performance, LRN has worked to propel organisations forward with the partnership, knowledge, and solutions to build ethical culture since 1994.

-- BERNAMA


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