Tag: supply chain

  • Tier 1 Suppliers 

    Tier 1 Suppliers  Tier 1 suppliers are key business partners that directly provide critical inputs, materials, or services to a company. They are the closest link in the supply chain to production and operations, playing an essential role in ensuring product quality and operational continuity. These suppliers often represent a significant portion of procurement expenditure…

  • Responsible Purchasing Policy

    Responsible Purchasing Policy A responsible purchasing policy involves embedding sustainability principles into all stages of a company’s procurement process. This includes selecting suppliers, evaluating products or services, and managing the supply chain to ensure economic, environmental, and social criteria are considered. The goal is to minimize negative impacts, promote ethical sourcing, and drive long-term value…

  • Single-source suppliers

    Single-source suppliers Suppliers that provide key materials or services for your production, for which your company does not contract with other suppliers. These suppliers represent a higher risk due to dependency, but they often ensure specialized or proprietary supply critical to business operations.

  • Transactional suppliers

    Transactional suppliers Transactional suppliers are suppliers with numerous alternatives, each offering products or services with limited impact on the value chain. These suppliers usually provide commodities or low-value items, and the relationship is typically short-term or transactional, focused on cost and convenience.

  • Important suppliers

    Important suppliers Important suppliers are operational or core suppliers, but supply alternatives exist. While these suppliers contribute meaningfully to business operations, their role is less critical compared to strategic suppliers. The availability of alternatives provides flexibility, but maintaining a stable relationship is still beneficial.

  • Strategic supplier

    Strategic supplier Strategic suppliers are core suppliers with limited supply alternatives. These suppliers are critical to the business’s operations and competitiveness, often providing unique or highly specialized products or services. A strong, long-term partnership with these suppliers is essential due to their significant impact on the company’s success.

  • Sustainability Supply Chains 

    Sustainability Supply Chains  Sustainability supply chains refer to the practices and processes involved in managing a supply chain with a focus on environmental, social, and economic sustainability. This approach aims to ensure that the entire supply chain—from raw material sourcing to final product delivery—minimizes negative impacts on the environment, upholds ethical labor practices, and promotes…

  • Supply Chain Transparency

    Supply Chain Transparency Supply chain transparency refers to the practice of openly sharing detailed information about the entire supply chain, including the sourcing of raw materials, production processes, and distribution methods. It involves providing visibility into each stage of the supply chain, from suppliers to manufacturers, and even down to labor practices and environmental impacts.…

  • Ordinance on Due Diligence and Transparency Regarding Minerals and Metals from Conflict Areas and Child Labor

    This is a Swiss regulation that requires companies to conduct due diligence to ensure that their supply chains are free from human rights abuses.