Informed 365
Guide to Building Sustainable Supply Chains
Pages
17
Time to read
25 mins
Publication
Language
English
Pages
17
Time to read
25 mins
Publication
Language
English
This guide focuses on enhancing supplier engagement to create sustainable, resilient, and diverse supply chains. It outlines the transformation in procurement practices, moving beyond price considerations to include various factors that contribute to better outcomes. The guide emphasizes the importance of collaborative relationships with suppliers and the need for transparency and ethical practices in operations. It discusses the implications of the Australian Modern Slavery Act (2018) and the necessity for businesses to address human rights and environmental risks proactively. The document presents nine elements crucial for effective supplier engagement, including streamlined processes, education, and financial incentives. It also highlights the role of technology in facilitating these improvements and encourages continuous dialogue and collaboration among procurement professionals to foster a responsible business environment. The guide serves as a resource for organizations aiming to strengthen their supply chain practices while adhering to regulatory requirements and ethical standards.