ELEVATE Strategic Partner webinar – Improving purchasing practices to support supply chain resiliency
Manufacturers and brands alike continue to navigate the impacts of the pandemic on their supply chains. Some are already struggling to meet steadily increasing demand, while others are challenged to accurately forecast or anticipate changing consumer behavior and trends. Wherever you are at on this journey, it is more important than ever to focus on supply chain resiliency to avoid backsliding on critical sustainability progress that has been made over the last decade.
Join us for this webinar to learn about company purchasing practices – such as planning and forecasting, cost and cost negotiation, and payment and terms – and their impact on profitability, business relationships, and working conditions. Drawing on results from the 2020 Better Buying Index Report, our guest presenters will explore how meaningful improvements to brands’ purchasing practices do not only yield benefits in terms of production efficiency and reduced financial pressure on manufacturers but also help suppliers maintain a more stable workforce and decrease their reliance on temporary labor or excessive overtime to flex their production capacity with unexpected increases or decreases in orders. This webinar will provide industry insights and examples gained from a survey with global suppliers in the apparel, footwear, and household textile supply chains.