Contributions Overview
BBPPI 2022 Ratings Cycle Open for Ratings April 1st-May 31st
We are pleased to announce that April 1st marks the start of this year’s Better Buying Purchasing Practices IndexTM (BBPPI) 2022 annual ratings cycle. The cycle will be open for supplier ratings until May 31st.
Deep Dive: Win-Win Sustainable Partnership
Win-Win Sustainable Partnership is a one of seven key BBPPI categories and includes both the internal alignment of buyer staff on corporate social compliance goals, and the buyer’s contribution to reducing industry-wide audit duplication. It also covers audit harmonization, a practice that Better BuyingTM considers a “High Impact” practice due to the frequency with which suppliers report how it is negatively affecting their business, and driving up operating costs.
Better BuyingTM Partnership Index
The BBPI enables suppliers to rate their buyers according to 12 subjective measures, with buyers categorized as either True Partners, Collaborators, or Detractors. The label of True Partner is only granted when a buyer has satisfied a particular measure all of the time.
Brands and Retailers Must Partner with Suppliers on Innovation to Drive Business Efficiency
The Better BuyingTM Partnership Index enables suppliers to rate their buyers according to 12 subjective measures, with buyers categorized as either True Partners, Collaborators, or Detractors. The label of True Partner is only granted when a buyer has satisfied a particular measure all of the time.
The Better Buying Institute launches its E-Learning course to help personnel in multiple roles and departments within brands and retailers to understand and embed responsible purchasing practices in their day-to-day work.
Spotlight on Homegoods: Highlights from the Better Buying Purchasing Practices IndexTM 2021
With the completion of the sixth annual Better Buying Purchasing Practices IndexTM (BBPPI) ratings cycle, the number of product categories represented by the suppliers submitting ratings continues to grow. The past few ratings cycles have demonstrated the applicability of the BBPPI for companies beyond the apparel and footwear industries, where the BBPPI was originally piloted and where much data has been collected over the last six years. In 2020, we published a Spotlight Report using ratings from Hardgoods suppliers - those producing toys, electronics, sports equipment, and other products. This year, we continue our expansion beyond apparel and footwear by sharing findings from a new vertical: Homegoods.
Better Buying Institute Continues Expansion into Consumer Goods Sector with Focus on Homegoods
The Better Buying Institute continues its expansion into the wider consumer goods sector with the publication today of its first Spotlight Report and Scorecard for Homegoods.
Suppliers and manufacturers in the garment industry are invited to complete the STTI Baseline Survey, open until 7th January, and available in both English and Chinese. The survey asks manufacturers to rate their buyers' adherence to commercial compliance, which STTI defines as ‘purchasing practices that do not cause obvious and avoidable harm to manufacturers’.
SanMar Corporation has become the first Better Buying subscriber to make its purchasing practices scorecard and company report publicly available. Check out this video to find out why the company has taken this important step towards transparency and openness, and placed purchasing practices at the heart of their business operations.
Better Buying 2021 Purchasing Practices Index Report
Better Buying 2021 Purchasing Practices Index Report
Brands and retailers who have subscribed with Better Buying over two or more supplier ratings cycles have continued to improve their purchasing practices, and are making progress towards building more resilient supply chains, despite the unprecedented global challenge of COVID-19.
Garment brands and retailers who were already engaged with Better Buying when Covid-19 struck continued to improve some areas of their purchasing practices and treatment of suppliers throughout the pandemic, according to early analysis of this year’s supplier ratings.
Countdown to October 1st: launch of the Better Buying Partnership Index
On October 1st, the Better Buying Institute will launch its Partnership Index, a versatile new tool enabling buyers and retailers to take a rapid temperature check of their supplier relationships across multiple industries, regions and tiers.