Webinar: Driving Integrity into the Supply Chain | Setting expectations for success

June 7, 2019

Part I of a 3 part series | 30 min short-form webinar

Ensuring integrity throughout your supply chain is complex and requires planning, tools and expert resources to provide transparency without slowing your business down. In part, we will explore how organisations can use proper expectation setting to reduce the effort of oversight through effective partnerships with suppliers.

Learning Objectives

Reasons why suppliers create integrity risk:

  • Lack of awareness - build through communication and training
  • Lack of resources - demonstrate economic viability
  • Lack of shared values - identify and weed out

Building common values by setting expectations - generally, people want to do the right thing:

  • Train internal stakeholders - make sure everyone in your firm working with suppliers understands your values, can identify integrity issues and has a mechanism to report concerns.
  • Promote your programme - publish and promote company values and what you are doing to ensure them throughout the supply chain.
  • Tell your suppliers - "push" your expectations in your Supplier Code of Conduct, integrate values discussion with quarterly/annual business reviews with suppliers.
  • Use the Power of Purchase - purchase decisions should be dependent on shared values.

Slide deck available here
Watch the recording here

Part II: "Trust but Verify" - We will explore the tools and techniques for ensuring active oversight of suppliers. Check out our website for dates and times coming soon!

To find out more about our products and services, please visit redflaggroup.com. If you have inquiries regarding this webinar, please contact info@redflaggroup.com.

Previous Article
How to nurture a culture of ethics
How to nurture a culture of ethics

Programmes that look good on paper may fall short if not put into action properly. A culture of ethics make...

Next Article
Database screening for third party compliance
Database screening for third party compliance

Companies have a number of choices when deciding how to quantify and deal with the compliance risks related...