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Greenstone enhances SupplierPortal with supplier risk and action management

Greenstone has recently updated its supply chain management software solution SupplierPortal with enhanced supplier risk management and corrective action functionality.

This provides SupplierPortal users with a joined-up and fully automated approach to identifying high-risk suppliers, engaging with suppliers and remediating supply chain risk.

5 steps to managing supplier risk and compliance

Understanding risk and compliance across your supply chain is now essential for any business. By successfully measuring and understanding supplier compliance can ensure that risks are identified, managed and mitigated.

Below, Greenstone outlines five key steps to help you shape your supplier due diligence process to ensure that you are managing your suppliers effectively.

Collecting and managing supplier compliance data - the questions to ask

There is no doubt that there is more data in the world than ever before. But more data isn’t necessarily better, especially if there isn’t a system or process to manage it fully.  Whether you want to monitor supplier’s information, identify potential areas of risk or manage your suppliers more efficiently, having the right data will make this easier for you.

To help you gather the relevant data from your suppliers, and make the best use of it, here are some of the questions to ask.

Sustainability in procurement – 5 practical steps to more sustainable procurement

In Part 1 of this ‘Sustainability in procurement’ series, we discussed how sustainability is relevant to all aspects of an organisations’ operation, and the resulting need for an integrated approach to embedding this in the supply chain. However, changing the culture of a company is a huge undertaking, and embedding sustainability into everything you do can take time. This article, provides you with 5 practical steps which can help you start the process.

We will discuss this topic further in a webinar hosted jointly with our partners Grippr - a purchasing consultancy specialising in driving purchasing efficiency. More information is available on the webinar at the end of the article.

Eurostar improves supply chain transparency with SupplierPortal - case study

Eurostar is the only high-speed railway service connecting London with Avignon, Brussels, Lille, Lyon, Marseille and Paris. All its trains traverse the Channel Tunnel between the United Kingdom and France. Since it started in 1994, Eurostar has carried over 150 million passengers across the Channel.

The challenge

As a business working across a range of destinations for over twenty years, Eurostar has always had a strong sense of responsibility to the environment and the communities in which it operates.

SupplierPortal expansion - contract management

Greenstone is updating its SupplierPortal software to make it even easier for clients to manage their suppliers. We have listened to client feedback and seen the increasing need for all-encompassing supplier management processes and software.

The result is the introduction of more ‘Buyer’ (client) functionality, which will ensure that all suppliers and contracts can be managed in one place, and a risk-based approach can be applied to the gathering and analysis of specific supplier information.

Why Sustainable Supply Chains Matter

This article was recently published on Environmental Leader. 

Environmental managers and chief sustainability officers are increasingly looking to their supply chains to conserve natural resources and reduce carbon emissions.

Considering supply chains are responsible for up to four times the greenhouse gas emissions of a company’s direct operations and many suppliers operate in water-stressed areas of the globe, this makes sense from an environmental savings standpoint.

To this end, we’ve seen major corporations like Apple push for more rigorous environmental standards and renewable energy use across its supply chain — and publish regular supply chain audit reports detailing suppliers’ progress — and Nike creating an entirely new apparel supply chain company that will “embed sustainability and transparency into the business.”

State of Supplier Management 2016

In the current non-financial reporting landscape there is a heightened focus on understanding your supply chain. As a result, organisations are increasingly evaluating the performance of their suppliers against a wide spectrum of non-financial criteria and monitoring the associated risks.

In order to better understand what is driving this behaviour and how companies are identifying and mitigating supply chain risk, Greenstone conducted the State of Supplier Management 2016 survey.

Supply chain - the next step in Eurostar's non-financial reporting journey

An interview with Eurostar’s Luke Ervine, Head of Environment & Energy

What has Eurostar’s sustainability journey looked like to date?

Our journey started in 2006 when we commissioned independent research into the carbon footprint of our passenger journeys. This study revealed that traveling to our core destinations using high speed rail is more carbon efficient than travelling by air.

However, for Eurostar, being more carbon efficient than our competitors wasn’t enough. So in April 2007 we launched our Tread Lightly Sustainability programme to reduce our impact on the environment and improve our environmental and energy performance.

Supplier engagement: disclosure, risk and compliance - Greenstone’s Supplier Engagement Forum

Last week, a group of Greenstone’s clients, partners and business associates came together for Greenstone’s Supplier Engagement Forum. The event, where participants met to discuss latest issues and solutions in supplier engagement, was very well attended and we were delighted by the feedback received.