Sustainable sourcing is becoming essential not only for brand protection and risk reduction, but – for high performing teams – as a competitive advantage. But monitoring environmental, ethical and social/labor practices (“CSR”) and driving improvements of 1000’s of suppliers in hundreds of categories spread across the globe is tough. Self-assessment questionnaires lead to ‘survey fatigue’, audits don’t scale, are expensive and are hard to act on. It can lead to lots of (often unused) data and frustration. 

But, better tools are changing all that. CSR rating and monitoring tools transform this process from a burden into a performance opportunity. Learn about the key attributes of best in class solutions that leaders are using, and how they integrate to their processes, to ensure that their supply network is secure, sustainable and competitive.

• Why a sustainable sourcing function is essential to keep your global supply chain competitive
• What criteria – such as geo, size and issue coverage – to look for in supplier CSR rating and monitoring
• How to integrate and apply these CSR ratings along the P2P cycle – and the keys to engaging the team and suppliers
• Some best practice case examples

 

Contributors: EcoVadis
Categories: 2018 Spring - Washington DC, Summit Presentations
SRC Type: Risk Management, Sourcing Management