Supply Relationship Management
It is crucial for organisations to identify and assess their risks and impacts when it comes to supply chain. At SLR, we are passionate about empowering businesses to source ethically and responsibly. We SLR recognise that to be the best at what we do, we need to rely on strong relationships with our suppliers at a global and local level. Our suppliers are critical partners for our business and we acknowledge that our success is a mutual proposition.
SLR treats suppliers as partners, and acknowledges that these partnerships are crucial in managing the social, environmental and ethical risks inherent in our global supply chains. We seek to work with suppliers who share the core values expressed in Our Bond and the behaviours and principles of our Business Conduct.
Developing supplier partnerships based on strong relationships makes good business sense and enables us to proactively manage the supply of key production inputs, and any issues that arise in our supply chain.
We seek supplier who share and commit to work in accordance with our supply chain sustainability values and standards. Our Responsible Sourcing Standard has been designed to ensure and we have sustainable sourcing practices.
Vendor Selection Process
Vendor selection and management tools are essential in SLR for businesses looking to streamline their supplier selection process. In Today’s competitive business world , it is key to ensure that the right suppliers are chosen to ensure the best possible results.
Vendor selection tools also allow businesses to compare different vendors and make the best decision for their company as well as their service and support. This can help businesses determine which vendor is most suitable for their needs, saving time and money in the potential supplier selection process.
Evaluating and analyzing data from potential vendors, such as their past performance, pricing, customer reviews, etc. It can also be used to compare various vendor offerings, allowing businesses to make an informed decision based on the data.
A good vendor selection and management tool should allow you to create and store profile information for each vendor. This can include contact information, payment terms, product details, etc. It should also give you the ability to rate vendors based on their performance and customer feedback.
