Don’t pay too much for products and services – take back suppliers’ excess margins and generate extra savings.
Be proactive and lock suppliers’ prices before they raise them – avoid unmotivated cost up.on’t pay too much for products and services – take back suppliers’ excess margins and generate extra
Get your company’s standard payment days implemented – avoid paying the supplier too fast and improve cash flow.
Remove compliance risks
Make sure that you are doing business based on your Terms & Conditions (T&C), not the suppliers’, - remove unnecessary commercial risks.
Make sure that you are only working with fair suppliers with right ethical standards meeting your Supplier Code of Conduct (CoC) – get the CoC signed off and implemented.
Apply ESG measurements
Understand and take control of your suppliers’ ESG work and maturity. Benchmark them against EU standards and demands from your end-customers and owners – collect and assess suppliers’ ESG information in one place.
