Many reports, including our own future insight into the retail industry in 2020, claim that end-users are growing more concerned than ever about transparency with the products they are buying.
You may already be familiar with the term ‘blockchain’ as the system behind Bitcoin and other cryptocurrencies, along with news of the growing impact it is having on the world of finance.
Founded in 2009, Safety Schemes in Procurement (SSIP) is an umbrella organisation that facilitates mutual recognition between health & safety prequalification schemes.
Efficiency, compliance and cost reduction are three of the top business priorities for anyone accountable for managing suppliers.
Altius have continued to help business globally with their supplier compliance, following the work the Altius team have been doing alongside a Fortune 150 consumer packaged goods company, based in the USA.
Altius VA and Capita are excited to announce that they will be joining forces with RSSB to deliver an improved railway industry supplier qualification service (RISQS) through a phased integration period over the coming months.
Identifying new suppliers to work with is always a hard decision to make. Even the combination of a recommendation from an industry colleague, and the supplier’s ability to showcase their capability, isn’t enough to make you sure that the new partnership will be successful.
While many companies take a calculated risk by appointing a new supplier, unsure whether problems will occur further down the line; there is a three-step framework that can help companies better appoint new suppliers – and ensure they are meeting standards long into the future.
The UK Government has set the turnover threshold at £36 million for companies that have to report on their supply chain modern slavery. Despite this threshold, the Government is still advising companies with smaller turnovers to analyse their supply chains to ensure they are ‘slavery free’.
Modern slavery is still a major concern in the industry, with only 30% of procurement and supply chain professionals believing their suppliers were compliant with the new legislation.
To assist you in the analysis of your current modern slavery policy and process, answer these five key questions on modern slavery:
Tags: Modern Slavery
In 2015, the UK Government introduced the Modern Slavery Act, which requires businesses with a turnover of £36 million or over, to release a statement outlining steps they are taking to comply with the new legislation. What many companies miss is that the statement should also reference efforts to check their supply chains too.
This is in response to a global stance to wipe out modern slavery after the International Labour Organization estimated that 30 million people are enslaved today, and the profit generated by this labour is $150 billion annually.
Tags: Modern Slavery
The retail landscape has changed dramatically over the last decade with technology and software playing an even greater role in our industry.
Not only are consumers taking advantage of this development through online stores, in-store kiosks and transactional iPads, procurement and supply chain professionals are using technology to improve their internal processes too.