Remove Business Strategy Remove Ethics Remove Supply Chain
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Supplier Diversity: From Checking the Box to Driving Business Strategy

ivalua

businesses proudly maintain robust supplier diversity programs. They have now moved from largely being a reporting exercise, to being a business strategy. However, the ethical justification is no longer the totality of the value proposition. Building Business Cases and Momentum.

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CSR is Good for Business, an Independent Consulting Study Reports, but Official Targets & Policies are Lagging Behind

ivalua

35% of respondents are lacking systems to enable effective, scalable collaboration to empower supply-chain partners in support of their CSR strategies and policies. The study also reveals actionable insights for businesses looking to improve CSR results. . Social and ethical priorities are close behind but still lag.

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7 Steps to Finding the Right Sustainability Certification for your Business

The Softly Spark

Achieving a sustainability certification signifies a business’s dedication to minimizing its ecological footprint, promoting ethical practices, and contributing to a better future. When sustainable standards are aligned with a company’s business strategy and goals, the ROI in these initiatives can be significantly enhanced.

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

Changing business conditions, such as supply chain disruptions, inflation, and scarcity of raw materials, necessitate vigilant risk management in sole source procurement. Therefore, procurement teams must implement strategies to manage these risks effectively.

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Supplier Motivation, A Key Component of Supplier Management

ivalua

They share Urgo’s business strategy, how it drives Procurement objectives and finally how strategic suppliers are valuable stakeholders of it. A supplier becomes strategic when it ranks high in a wide range of criteria: margin level, market share, supply chain criticality, procurement annual review score, ethics and innovation rating.