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Ethics in the Supply Chain

Oxford College of Procurement and Supply

As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supply chain. 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?

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What does the German Supply Chain Act Mean for Procurement?

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The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supply chain.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethical procurement. What is Ethical Procurement? What is Ethical Procurement?

Ethics 52
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Creating a Sustainable Supply Chain Strategy: The IKEA Story

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The world continues to change and evolve, and supply chains are not excluded from that process. In fact, currently 80% of the carbon footprint comes from the global supply chain. . Now is the time to act, and to engage your supply chain on this important global issue. .

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Sustainability in Procurement: Strategies and Challenges

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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.

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Why are KPIs Important in Procurement?

Oxford College of Procurement and Supply

KPIs are popularly related to areas such as: On time delivery Amount of rejects Cost reduction Ethical conduct Sustainable approaches Lead times KPIs can be written to measure any aspect of supplier performance but must be relevant to the contract to add value. Wrap Up Do you want to know more about KPIs and supply chains?

Import 59
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Ignore Supply Chain Risks… At Your Own Peril!

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Despite the general consensus that risk management is important, recent studies have found that many companies still have a long way to go and a lot of work to do…. The examples that Musk mentions in the video show that modern supply chains are becoming more global and more complex. Here are three of the most important ones.