Benefits of responsible supply chain management

Responsible supply chain management can generate value for your company by:

• Improving collaboration with your suppliers. Dialogue and cooperation to improve CSR performance will strengthen relations with suppliers and can contribute to increasing productivity and reducing costs. 
   
• Improving product quality. Responsible supply chain management can help to safeguard product quality and promote the development of more sustainable products.
   
• Ensuring compliance with customers' expectations and requirements. Responsible supply chain management can document that your products are produced in conditions that comply with internationally recognised CSR standards and guidelines.
   
• Reducing the risk of negative PR. Responsible supply chain management can protect your company from negative PR as a consequence of problematic CSR issues in the supply chain, and in the worst case scenario, from incurring legal liability as an accessory to gross human rights violations.
   
• Attracting and retaining employees. A sound reputation is important to your company's ability to attract and retain the most qualified employees. When you outsource tasks to suppliers, it is very important to signal to employees that high priority is given to CSR issues. 
   
• Providing security for investors and creditors. Investors and creditors include your risk profile and CSR activities in their assessments, and this also includes your supply chain management.
   
• Creating new market opportunities. Responsible supply chain management can be used proactively to brand your company and create new market opportunities