Funding Secured for Startup of Better Buying Rating System
May 17, 2017
We are delighted to share that continued funding has been received to support Better Buying. Better Buying is an online rating system created to highlight areas for improved purchasing practices. The overarching goal of Better Buying is to transform buyer purchasing practices so that buyer – supplier relationships support suppliers in providing decent workplace conditions. The successful pilot period has now ended and the startup phase will begin shortly.
Over the coming weeks and months, we will be reaching out to apparel and footwear suppliers regarding the timeline of ratings, enhancements to platform security, minor changes to the ratings measures, and how they can register and begin to rate.
We’ll also be engaging with a few brands and retailers (termed “buyers” by Better Buying) who aspire to reduce the negative impacts of their purchasing practices. We will work with them so that their suppliers are encouraged to rate.
Our primary goal over the next year is to obtain large numbers of supplier ratings during each six-month rating cycle, so that we can provide the most valuable and actionable information to buyers on where they can improve their practices, and then track progress over time.
In the near future, watch for an overview of what we learned during the feasibility study and how we have enhanced the Better Buying system based on your input.
Marsha Dickson and Doug Cahn
Co-founders of Better Buying