Sustainable Supply Chain Management
A well-designed supplier management assessment and management process, incorporating supplier audits, can be efficient, cost-effective and enhance the quality of the organisation’s operations.
- Climate change and public perception are driving governments worldwide to raise the bar for sustainable and ethical practices. Policies and new regulations will force industries to adopt more sustainable methods and business practices; evaluate their supply chain carefully and consider things like environmental impact, sustainable sourcing, and human rights implications. Some companies have already invested in programs to address these variables, and will be held to enforceable standards, moving forward. New compliance requirements will increase the need for greater supply chain transparency, and more nimble decision-making.
- A well-designed supplier management assessment and management process, incorporating supplier audits, can be efficient, cost-effective and enhance the quality of the organisation’s operations.
- Companies undertake supplier audits for a variety of reasons, including:
As part of a supplier selection and onboarding process, or supplier due diligence process;
Periodic review of the supplier as part of a company’s internal controls framework and prior to contracts being renewed;
As a proactive measure to determine their suppliers’ compliance with legislation and contract clauses.
- Compliance-focused supplier audits are increasingly being perceived as best practice across a wide range of industries. Audits can cover topics ranging from health and safety, to environmental management, labour policies and business ethics, offering clear evidence of company oversight of supply chain management from a compliance perspective.
- We can help you in your journey to establish a sustainable supply chain by developing your supplier management program, as well as implementing supplier due diligence processes to identify and address issues such as slavery, child labour, labour exploitation, environmental degradation, pollution, and biodiversity loss in your supply chain.
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Our team is based in Malaysia and we work with an
extensive network of associates to support our clients’ various needs.
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