SUPPLY CHAIN
“ It ’ s vital to foster collaborative relationships as a way of mitigating global supply challenges and rising inflation ”
SHELDON MYDAT CEO , SUPPECO
understanding of our ‘ new normal ’, where you can ' t just be trying to get a better price from your supplier year after year . Besides , you shouldn ' t want to have that kind of relationship with your suppliers .
How does SRM promote collaboration on ESG ? SM : An EcoVadis study shows that CSR clauses have become little more than boxticking and paper-pushing exercises , due to irrelevant standard clauses being pushed
en masse to all suppliers . The fact is that it ’ s very hard to conduct SRM from the drive for supply chain sustainability . Thus , effective change cannot be imposed . Achievements are possible only through working together in structured , targeted collaborations .
PB : You can ' t understand Scope 3 emissions without supplier collaboration , and you can ' t make progress on supplier diversity goals without understanding the makeup of your supply base . It requires an investment of time and resources to have that kind of collaboration , without which you probably won ' t achieve your goals .
How does SRM result in cost savings ? SM : Modern SRM is live and dynamic ; it does not do static data . By digitally measuring –
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