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As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supplychain. It is not just the top tier or tier one suppliers that demand our focus but the whole chain. Do you have an ethical sourcing procurement policy? How much of your waste goes into landfill?
A new element of the NPPS, as compared with previous versions, is the focus on ensuring suppliers uphold the highest standards of integrity, ethical conduct and environmental sustainability in business. This aligns with the stronger sanctions in the Act relating to performance, exclusions, and debarment.
In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing. Use procurement software or work with a GPO like OMNIA Partners that offers advanced analytics tools to track spend, identify trends, and optimize your supplychain.
P rocurement, a critical component of supplychain management, is transforming, driven by the expertise of certified procurement professionals. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supplychain management.
SupplyChain Due Diligence (“SCDD”) laws, such as the German Lieferkettensorgfaltsgesetz , the recently approved EU Corporate Sustainability Due Diligence Directive , or the U.S. As an advocate for such laws, I recognise the urgent need to make supplychains fairer and more ethical.
Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.
Global governments and businesses are now recognizing diversity programs as an effective “ethical” mechanism to increase community engagement and correct systemic issues or historic inequality. However, the ethical justification is no longer the totality of the value proposition. Building Business Cases and Momentum.
This demonstrates that businesses increasingly recognize diversity as a global issue and these programs provide an “ethical” mechanism to connect with customers through community engagement. However, the ethical justification is no longer the totality of the value proposition as leaders now see the overall value for their business. .
We will be delivering our cutting-edge insights and guidance virtually on key global compliance, investigations and ethics trends. RSVP The post Global: Annual Compliance Conference 2024 (webinar series) appeared first on Import and Trade Remedies Blog.
Our Annual Compliance Conference is also further complemented by our 21st Annual Global Trade and SupplyChain Webinar Series held all year round. We also invite you to register for the upcoming mid-year sessions in our monthly Global Trade and SupplyChain Webinar Series. Register here for these sessions.
In this blog post we are going to explore ESG practices for procurement professionals so you can better understand what’s involved in ESG best practice. Ensuring that the ingredients, components and labour are ethically sourced and recycled if possible is important. What is ESG?
The benefits of sourcing from overseas include factors such as: Access to a wider market Access to expertise and technology Lower prices If you read last month’s blog you will have discovered or been reminded of understanding the importance between price and cost.
If you missed out on this week’s training, we are returning both courses to our regular rotation of annual events and we would love to see you next time.
Compliance and Ethics Government construction projects are subject to strict compliance requirements and ethical standards. It’s essential to understand and adhere to these regulations to avoid legal and reputational risks.
Specifically, we discussed the reform of the Union Customs Code in the EU, key trending customs developments in EMEA, and different methods of driving significant financial savings in global supplychains. To register for the other sessions and access the recordings, click here.
Our presenters for the day will be Jason Workmaster , Member, Miller & Chevalier Chartered; Liam O’Reilly , Counsel, Crowell & Moring LLP; and Alex Barbee-Garrett , Counsel, Crowell & Moring LLP. This course is designed for professionals who have significant Schedule contracting experience or are a contract attorney.
Our presenters for the day will be Jason Workmaster , Member, Miller & Chevalier Chartered; Liam O’Reilly , Counsel, Crowell & Moring LLP; and Alex Barbee-Garrett , Counsel, Crowell & Moring LLP. This course is designed for professionals who have significant Schedule contracting experience or are a contract attorney.
The JIT approach explained in last month’s blog relates to this form of waste. Ultimately, if done well, a LEAN approach can significantly contribute to a company’s bottom line helping to generate more profit as well as playing a key part in an ethical, sustainable and environmentally friendly approach to business.
As we have already seen in a former blog , enterprises often fail at maximizing the value of collaborating with smaller companies. A supplier becomes strategic when it ranks high in a wide range of criteria: margin level, market share, supplychain criticality, procurement annual review score, ethics and innovation rating.
Cybersecurity Update, October 12 In honor of Cybersecurity Awareness Month, we are happy to hold a joint virtual Business and Regulatory Issues (BRIC) and Cyber and SupplyChain Security Committee Meeting on October 12 at 11 AM ET. Keep reading for more details on the upcoming schedule for 2023 and beyond!
Albert Sanchez-Graells , Professor of Economic Law, University of Bristol Law School This blog post is based on the paper that was jointly awarded the Best Paper Prize Award 2024 by the Society of Legal Scholars. The standard disclaimer applies. Further comments welcome.
This is the thirty first in a series of Covington blogs on implementation of Executive Order 14028, “Improving the Nation’s Cybersecurity,” issued by President Biden on May 12, 2021 (the “Cyber EO”). This blog describes key actions taken to implement the Cyber EO, as well as the U.S.
The year ended with ambitious statements by the governing Liberal Party on proposed legislation to eradicate forced and child labour in Canadian supplychains. This will allow reporting entities to align and streamline public statements regarding supplychain compliance efforts across jurisdictions.
Following the first year of reporting under Canada’s Fighting Against Forced Labour and Child Labour in SupplyChains Act (the “ SupplyChains Act ”), Public Safety Canada has presented its inaugural annual report to Parliament and published updated guidance on the reporting requirements.
This blog post is for informational purposes only and does not constitute legal advice. Take the next step towards mastering procurement dynamics and elevating your organisation’s supplychain effectiveness. The post Understanding A Legally Binding Document appeared first on Oxford College of Procurement and Supply.
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