Commercial compliance - accelerating change, measuring progress
Feb 14, 2023 | 3:00 PM - 4:00 PMVirtual 3
Feb 14, 2023 | 3:00 PM - 4:00 PM
Virtual 3
Description
by Better Buying Institute and Sustainable Terms of Trade Initiative
In this session we are putting the spotlight on the tools that we have at our disposal now and in the future to make commercial compliance measurable at an industry level. This discussion encompasses therefore the definition of commercial compliance and its components as introduced by STTI, the infrastructure and collaboration needed in the industry to create a globally aligned and effective approach to measurement and, finally, how we can collaborate across the industry to share data and discuss the actions we need to take to drive progress. The session will also explore key learnings from the measurements that are already being carried out.
To this end, the Better Buying Institute and STTI will share findings of their data collection. Based on the data they will share what purchasing practice improvements suppliers want brands to prioritize. They will explain how data can show real purchasing practice progress in the form of true partnerships. And they will put the collection of data on commercial compliance/purchasing practices in a legislative context, making the link with mandatory due diligence.
