The global trade management solutions provider Amber Road said Tuesday the semiconductor manufacturer Vishay Intertechnology has deployed its system to manage compliance risk.
Specifically, Vishay is using Amber Road’s Restricted Party Screening (RPS) On-Demand solution, integrated with its SAP enterprise resource planning system (ERP).
The RPS On-Demand solution allows Vishay to screen thousands of customers and vendors across the Americas, Europe, the Middle East and Asia, against more than 200 restricted party lists from governments worldwide.
The system helps prevent Vishay from shipping products to an embargoed country or denied party, while also centralizing information on Vishay’s business partners on a global basis.
“Not only are governments worldwide expanding their regulatory programs, they are becoming increasingly intolerant of noncompliance,” said John Preuninger, president and chief operating officer at Amber Road. - Eric Johnson