Responsible Sourcing: Managing and Accountability
Take Control — Capture, Monitor, Analyze, and Enforce
Adherence to Corporate Social Responsibility (CSR) policies is not only a worthy business practice, but it also has a profound effect on everything from brand reputation and product satisfaction to employee well-being and regulatory risk. Self-regulating your CSR standards across the globe can be challenging; however, it’s important to have control and complete visibility of your global supply chain practices. With the right tools in place, responsible sourcing leaders can:
- Monitor and manage performance of both internal stakeholders and external suppliers
- Identify poor working conditions, bad labor practices, and inferior safety standards quickly
- See risks earlier and remediate immediately
- Protect brand reputation and profitability while mitigating regulatory risks
As you work to define your CSR program, there are specific standards, guidelines, and checklists that address several areas that can serve as a useful starting point.
Download this industry paper to learn more about key concepts to consider when making CSR a part of your business.
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When compliance issues are identified, organizations must ensure that remediation actions are taken immediately. Having access to custom-built smart-forms and the ability to create real-time action plans enable a business to act faster to correct issues before they become costly liabilities.
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