This Gartner® report offers insights into elements sourcing and procurement leaders should consider as they work to design effective responsible sourcing strategies that account for the impact of both their operations as well as their value chain’s operations.
As part of the report, Gartner recommends that sourcing and procurement leaders:
- Define the scope of their responsible sourcing strategy against outcomes like compliance-focused or collective impact-focused.
- “Build responsible sourcing into the procurement decision-making process by incorporating it at key stages of the supplier life cycle, such as new supplier onboarding, segmentation and supplier performance management.”
- Engage with third-party organizations to share supplier results and drive collective ecosystem improvements.
