Purchasing Practice #3
Cost and Cost Negotiation
Cost and cost negotiation captures whether suppliers receive sufficient funds to meet all the buyer’s expectations when production has been completed. This includes costs of all design details and the cost of compensation for workers that meet buyer codes of conduct and legal requirements.
Seven Key Purchasing Practices That Impact Working Conditions
Purchasing Practice #1
Planning and Forecasting
Planning and forecasting measure the visibility buyers provide suppliers into ordering plans.
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Purchasing Practice #2
Design and Development
Design and development captures the extent buyers are late or inaccurate in providing necessary technical ...
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Purchasing Practice #3
Cost and Cost Negotiation
Cost and cost negotiation captures whether suppliers receive sufficient funds to meet all the buyer’s…
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Purchasing Practice #4
Sourcing and Order Placement
Sourcing and order placement considers two topics–whether supplier compliance to codes of conducts is incentivized…
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Purchasing Practice #5
Payment and Terms
Payment and terms measures whether suppliers are paid on time and at the price agreed...
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Purchasing Practice #6
Management of the Purchasing Process
Management of the purchasing process looks at whether the time suppliers need for production is offered…
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Purchasing Practice #7
Win-Win Sustainable Partnership
Win-Win Sustainable Partnership includes both the internal alignment of buyer staff on corporate social compliance…
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