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
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
Why Are Billions Of Clothes Never Even Sold?
Given that an estimated 150 billion garments are produced every single year, we know that the fashion industry produces far too many clothes. But did you know that a staggering amount of those garments – between 15 and 45 billion, according to one report – are never sold in the first place?
Read MorePutting 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. Read the latest article from our President and Co-Founder, Dr. Marsha Dickson.
Read MoreSupply Chains: The Blind Spot that Puts Brands’ Sustainability Promises in Doubt
If you own stocks, chances are good you have heard the term ESG. It stands for environmental, social and governance, and it is a way to laud corporate leaders who take sustainability – including climate change – and social responsibility seriously and punish those who do not.
Read More