Blog

5 steps to managing your supplier compliance

With the results of the State of Supplier Management 2016 survey in mind, Greenstone has outlined five key steps to help you shape your supplier due diligence process and understand risk and compliance in the supply chain.

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.

Developing supplier networks: How supply chains are going circular

Sophie Parsons, Senior Consultant at Greenstone, attended the resource efficiency event Resource held in London last week. In this blog, Sophie reflects on the role of supply chains in the circular economy.

Following the announcement of the EU Circular Economy Package at the end of last year, the transition to a stronger and more circular economy has become a hot topic. At Resource last week, organisations such as Rolls-Royce, Hewlett Packard and Jaguar Land Rover demonstrated how they aim to improve resource efficiency and gain greater circularity within their value chain.

Greenstone launches Modern Slavery partnership with Fifty Eight

The recent introduction of the Modern Slavery Act in the UK has generated a significant amount of interest and concern alike. Organisations appear to be aware of the Act, and are not only keen to understand what they need to do to in order to comply, but also how and what they should report year on year.

There has been plenty of clarification on the aims of the Act itself, its coverage and its requirements. However, what has not been so clear is what organisations actually need to include in their reports, what policies and practices need to be introduced and how to train their workforce.

New version of SupplierPortal provides further flexibility

The latest SupplierPortal release enhances the user experience and provides further flexibility in how SupplierPortal can be used across an organisation.

Why the new version?

The latest release of SupplierPortal, as with all of our software development, is based on listening carefully to our clients’ needs and drawing on our wider experience of the market.

This release has focussed on ensuring that SupplierPortal is even more flexible and relevant to global organisations.

The UK Modern Slavery Act 2015 - FAQs

Towards the end of 2015, Greenstone ran a series of webinars focussed on providing a practical insight into addressing the UK Modern Slavery Act. These webinars were extremely popular and generated a number of questions and discussion points around the Act.

We have turned these questions into a set of FAQs for reference. Hopefully, the questions raised will reflect the issues and concerns of others and therefore provide some wider benefit. However, if you do wish to speak to us about the Modern Slavery Act or indeed how we can facilitate the data gathering process through our SupplierPortal solution, then please do not hesitate to get in touch.

Addressing modern slavery through SupplierPortal

In the autumn of 2015, the UK government introduced the Modern Slavery Act which seeks to address the role of businesses in preventing modern slavery from occurring in their supply chains and organisations.

The Act defines modern slavery as covering slavery, servitude, forced and compulsory labour and human trafficking. Organisations captured by the Act not only need to ensure that modern slavery is not an issue in-house, but they also need to take and report on, actions to prevent the issue from occurring within their supply chains. The actions, targets and progress on these issues should be reported annually by organisations through their Slavery and Human Trafficking Statement.

Supply Chain Transparency: why we need it now more than ever

As non-financial reporting frameworks and requirements for organisations evolve, so does the need for transparency throughout supply chains. There is an ever increasing emphasis within current and upcoming regulations on being able to demonstrate a deeper understanding of your suppliers and vendors.

Most recently we have seen evidence of this advancing mood through the UK Modern Slavery Act, the EU corporate disclosure directive, and of course the Dodd Frank Act covering conflict minerals.

This summer David Cameron further clarified the criteria surrounding the UK government’s commitment to anti-slavery and supply chain transparency in a speech in Singapore.

Greenstone speaking at the Sustainable Procurement & Supply Summit

Our CEO, Matthew de Villiers is speaking at the Sustainable Procurement & Supply Summit (SPSS) at the QEII in London tomorrow. As part of the Supplier Collaboration panel discussion, Matthew will be talking about how to overcome the barriers to supplier collaboration – both internally and externally – and how to engage with suppliers in a way that benefits them.

The Sustainable Procurement & Supply Summit is organised with The Chartered Institute of Procurement & Supply (CIPS) - providing the only UK conference to fully address the need for greater attention, measurement and control across all areas of procurement and the extended supply chain.

Quintain transforms its procurement and corporate risk policies with SupplierPortal

Greenstone's, supply chain sustainability software, SupplierPortal, is a flexible cloud-based solution for sharing information between Buyers and Suppliers. By moving your supplier management and due diligence processes online, you will immediately move your focus from data collection to managing risk and compliance.

This is achieved through customisable features, for example, questionnaires, scorecards, response flagging, audits, comparisons, benchmarks and an automated notification system. 

Who’s the Client?

Quintain Estates & Development PLC is a London-focussed regeneration company. Quintain is behind Wembley Park, London's largest urban renewal scheme, and during its 21-year history has transformed assets across the Capital into places where people want to live, companies want to grow and neighbourhoods can come alive.