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Case Study · Life Sciences

Bio-Rad Automates Conflict Minerals Compliance

Meeting the SEC's Conflict Minerals reporting requirements used to mean a manual, labor-heavy process running alongside day-to-day operations. VeriSupply automated it end to end.

60 days
Implementation time
75%
Reduction in compliance labor cost
0%
Manual errors
01 — Challenge

Compliance couldn't come at the cost of operations.

Bio-Rad needed to meet the U.S. SEC's Conflict Minerals reporting requirements — identifying whether tin, tantalum, tungsten, or gold (3TG) in its products originated from conflict-affected and high-risk regions, and reporting on it accurately every year.

The requirement itself wasn't optional, but how it got met mattered just as much. Bio-Rad needed a compliance process that ran reliably in the background without disrupting day-to-day operations.

02 — Solution

An automated chain of custody, start to finish.

VeriSupply implemented in 60 days and handled the full compliance workflow:

  • Listed every product containing 3TG
  • Identified supplier and country of origin for each component
  • Auto-identified relevant suppliers and conducted RCOI (Reasonable Country of Origin Inquiry)
  • Established chain of custody and due diligence documentation
  • Mapped the supply chain down to smelter and mine level
  • Filed Form SD and audit results directly with the SEC

The goal wasn't a report Bio-Rad had to assemble once a year. It was a process that ran continuously and produced the report on its own.

03 — How It Works

From raw supplier data to a filed report.

Relevant suppliers are contacted automatically and asked to identify the presence of 3TG in their parts and supply chain through a simple, structured template. VeriSupply then automates collection and validation of every RCOI response, matches each supplier to its smelter, and flags errors in real time rather than after the fact.

From there, the system performs due diligence to trace 3TG sourcing back to its country of origin, automatically red-flags any components sourced from Covered Countries, and assembles a data-rich, auditable trail — everything needed to complete and submit the CMRT (Conflict Minerals Reporting Template).

Compliance Analysis — Bio-Rad
Compliance for Mines
54.3%
Compliance for Smelters
48.2%
Compliance for Suppliers
65.8%

Dashboard for Bio-Rad, created by VeriSupply

04 — Business Results

A fully automated, auditable process.

0%
Manual errors — automatic software
75%
Reduction in labor cost required for compliance
100%
Automation in supply chain tracking process

Beyond the headline numbers, Bio-Rad gained real-time feedback to suppliers and an improved supplier experience, a simplified annual CMRT filing process, and a timely, auditable report on CMRT data — every year, without re-building the process from scratch.

"VeriSupply helped Bio-Rad meet Conflict Minerals compliance requirements by fully automating the process — resulting in huge cost savings and improvements in data accuracy."
— Bio-Rad, Supply Chain Manager

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