Purchasing Practices
Want to learn more about Purchasing Practices?
Find out everything you need to know about Purchasing Practices. What does the term "Purchasing Practices" actually mean? When do brands pay suppliers for the goods they’ve produced? How are prices negotiated? Are technical specifications agreed before production is due to start?
Let's start with the most pressing questions on the topic of Purchasing Practices and learn more about how the issue is affecting supply chains. What else is there to discover? A quick guide to the key actors and initiatives helping the industry to understand and take action on better Purchasing Practices. Learn more about the Common Framework for Responsible Purchasing Practices (CFRPP). Read our interview with Better Work about why now is the right time to talk about better Purchasing Practices.
Are you a manufacturer? We get it, engaging in conversations about purchasing practices can be risky for suppliers, leading to lost orders and retribution. Here are some low-risk ways for you to have your say. You can also find the latest news and resources on Purchasing Practices in this section.
Latest article on Purchasing Practices
The Better Buying Partnership Index (BBPI) Opens for Supplier Ratings Today!
Better Buying is offering every STTI participating supplier organization a free country-specific report based on the responses your members provide during this month's ratings cycle.
Putting the Brakes on Purchasing Practices Survey Fatigue
Buyer surveys on Purchasing practices do not produce credible data, and waste money and resources that brands and retailers could be spending elsewhere in the business. So let’s put the brakes on, before this train gets out of control. A comment from Better Buying Institute President, Dr. Marsha Dickson.
Manufacturers, get involved & have your say…
We get it, engaging in conversations about purchasing practices can be risky for suppliers, leading to lost orders and retribution. Here are some low-risk ways for you to have your say.
What is the Common Framework for Responsible Purchasing Practices?
The Common Framework for Responsible Purchasing Practices (CFRPP) provides a common language and alignment on what constitutes responsible purchasing practices.
Why is it the right time to talk about better Purchasing Practices?
As Better Work launches a new supply chain eLearning course aimed at helping industry stakeholders understand the impacts of supply chain decisions, we spoke to two leading voices in the programme about why action on purchasing practices is critical to the future of the garment industry.
Learnings & Tools
“Purchasing Practices” is an umbrella term that refers to how buyers engage with their suppliers. For instance: when do brands pay suppliers for the goods they’ve produced? How are prices negotiated? Are technical specifications agreed before production is due to start? Find relevant learnings and tools around Purchasing Practices.
News on Purchasing Practices
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Read MoreHow workforce training is helping Indonesia modernise its economy
Indonesia aims to become a high-income country by 2045, leveraging its favorable demographics and large workforce. But challenges like high unemployment and low female workforce participation hinder progress. The government needs to focus on skill development, as 90% of the workforce lacks training, affecting productivity.
Read MoreAPEC Highlights Go Digital ASEAN in Digital Skills Development Report for Asia-Pacific
The Asia Pacific Economic Cooperation (APEC) spotlights The Asia Foundation’s Go Digital ASEAN initiative as a case study in the report “Enhance the Cross-Border Development of Skilled Professionals across the APEC Region.” The report emphasizes the urgent need for skilled professions in Asia and the Pacific and showcases ongoing skills development initiatives that address this need.
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