Tools for Transforming Risk into Opportunity: What to Look for in Supplier Rating and Monitoring to Enable Engagement and Unlock Value
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.
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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.