Purchasing Policy
Once you are aware of how your purchasing directly impacts the supply chain, you will be better equipped to make the necessary changes to your business and develop new responsible supplier relationships. By selecting companies who share your values on responsible business practice, you can establish a strong working relationship and also encourage others to integrate ethical objectives into their businesses.
CHOOSING SUPPLIERS
A good purchasing policy supports the use of products with a low environmental impact throughout all aspects of your business from building materials to food and consumables. By favouring locally sourced, environmentally friendly products, your business can positively impact the economy by encouraging further production of sustainably produced goods. Additionally, by using suppliers who conserve energy, use recycled materials and manage their waste responsibly, you can also limit your business' impact on the environment.
EDUCATING SUPPLIERS
Using the leverage of purchasing power is a great way to educate your suppliers. They are the best equipped to provide information on their products and services to your clients and so by directly involving them in your operations you will enhance your client's experience. In return, the suppliers will benefit from the increase in visitors to their business and encourage their business to grow.
Influence Suppliers
- Educate your suppliers on how you run your business in a responsible manner
- Encourage your suppliers not to use plastic bags
- Provide codes of conduct for your suppliers establishing fair prices and wages
