Evaluate and build a risk-based responsible sourcing program that supports more effective engagement and impact with material suppliers
Responsible sourcing programs should evolve to reflect external business risks and commercial strategies. This includes new regulation, geopolitical and macro-economic factors, new country entry, business performance pressures and structural changes. ELEVATE segmentation services support teams to evaluate whether new / existing programs are still “fit-for-purpose” and to design new programs that, align with business goals, help achieve competitive advantage and drive impact.
The segmentation process brings together risk insight on factories and supplier / vendors including:
Once the risk assessment is complete then you’re ready to design a new management model:
“Segmentation has supported many of our key clients to find new solutions for programs at risk of audit fatigue or to manage low leverage transactional engagements. It’s also a great way to pin-point those material factories in-need of deeper in-factory consulting support.”
Mark Jones, Senior Vice President, Customer