The 5 Principles of Responsible Purchasing Better

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Description: The 5 Principles of Responsible Purchasing Better Buyings new e-learning course The Gold Standard in responsible purchasing training Better BuyingTM Whole company approach Informed by Better BuyingTM research and supplier data gathered

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slide1. The 5 Principles of Responsible
Purchasing Better Buying’s new e-learning course<br>
slide2. The Gold Standard in responsible purchasing training Better BuyingTM Whole company approach
Informed by Better BuyingTM research and supplier data gathered over five ratings cycles
Endorsed by leading global brands and retailers
Special rates for Better BuyingTM subscribers<br>
slide3. What will you learn? Better BuyingTM The Five Principles of Responsible PurchasingTM:
Visibility, Stability, Time, Financials, and Shared Responsibility
How your decisions affect different levels of the supply chain
How to challenge existing processes and work with colleagues to identify new ones that work for everyone<br>
slide4. Learn what adherence to the Five Principles looks like Better BuyingTM Better able to understand stakeholder pressures, company commitments and internal policies

Improved awareness of how your decisions affect the supply chain, specifically suppliers, workers and the environment

Empowered to challenges existing processes and work together to identify new processes that better support improved purchasing practices<br>
slide5. Essential insights for your employees on: Better BuyingTM The impacts to your business of not following the Five Principles
For Suppliers
Management stress* Shortage of workers* Unauthorized subcontracting* Overcapacity or idle lines
For Workers
Reduced hours or pay* Safety risks* Forced labor* Harassment<br>
slide6. Whole-company training Better BuyingTM Suitable for companies in multiple sectors: apparel; footwear; softgoods; hardgoods; homegoods, consumer goods
Everyone in the company - buying; CSR; design; product development; finance; human resources; C-suite
Labour inspectors; auditors; manufacturing groups; logistics and distribution; students at fashion colleges and universities.<br>
slide7. How integrating the Five Principles into your
business can benefit you Better BuyingTM Reduced cycle times
More accurate demand timing
More predictable lead times
A more effective workforce and factory utilization
Better product quality
Lower costs
Improved social and environmental performance
Improved accountability to investors and stakeholders<br>
slide8. To discuss how to register your company for
Better Buying’s e-learning course, contact: Leonie.Abraham@betterbuying.org<br>