The Better Buying Institute provides clear, relevant, transparent, and timely information and analysis about good purchasing practices that will change relationships between multinational brands and retailers (buyers), the suppliers responsible for manufacturing their products, and other intermediaries up and down supply chains.
Better BuyingTM is a unique system for suppliers to communicate with their buyers about purchasing practices that are working well and those that need improvement, without risking their business relationship. Created in collaboration with suppliers, our buyer rating system examines seven key categories of purchasing practices that affect a supplier’s ability to adhere to the terms of any contract and operate efficiently while providing a safe work environment and maximizing profitability.
Planning and forecasting measure the visibility buyers provide suppliers into ordering plans.
Read MoreDesign and development captures the extent buyers are late or inaccurate in providing necessary technical ...
Read MoreCost and cost negotiation captures whether suppliers receive sufficient funds to meet all the buyer’s…
Read MoreSourcing and order placement considers two topics–whether supplier compliance to codes of conducts is incentivized…
Read MorePayment and terms measures whether suppliers are paid on time and at the price agreed...
Read MoreManagement of the purchasing process looks at whether the time suppliers need for production is offered…
Read MoreWin-Win Sustainable Partnership includes both the internal alignment of buyer staff on corporate social compliance…
Read More“The platform is great. It’s very straightforward, very easy to use. It’s very anonymous and also gives you an avenue with which to give your detailed responses or ideas and concerns to the customer without risking any loss of business.”
“We are used to being rated and ranked by our customers. But having the opportunity for our teams to rate and give feedback on our customers’ performance creates an amazing two-way dialogue that motivates our teams and drives us to want to work more with this customer, because we know they want to hear our feedback, and we have a lot to share.”
It is good that you address compliance, labor, environment, energy, carbon emissions.
Thank you and your team for your efforts in fostering healthier purchasing practices across industries.
Participation in the ratings cycle helps us have an overall understanding on what buyer will consider for all the categories and it is a two-way communication channel to buyer and suppliers.
It’s a really good initiative taken by our buyer in collaboration with you to help them improve and improvise their purchasing activities in a sound manner.
Better BuyingTM provides a two-way healthy communication channel and interaction between buyer and suppliers, aimed at having a best supplier community
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