Document 5.2 Incorporating wage and cost increases The purchasing company gives due consideration to price increases from suppliers that occur due to...
Document Principle 5: Sustainable costing Focuses on ensuring that purchasing decisions reflect the costs required to uphold living wages and responsible business conduct.
Document 4.8 Supply chain tiers/intermediaries The purchasing company seeks to promote fair payment terms through the full length of the supply chain...
Document 4.7 Aiming to reduce penalties The purchasing company aims to minimise fines and penalties...
Document 4.6 Mutually agreed reasonable penalties If the purchasing company has penalties for suppliers...
Document 4.4 Financial commitment Payment terms are mutually agreed, before orders are placed and before the supplier takes on any order-related costs or risk.
Document 4.3 On-time payments The purchasing company has systems in place to ensure and monitor on-time payment, in line with what involved parties have agreed upon.
Document 4.2 Agreement on mutual contractual responsibilities The purchasing company and the supplier enter into a mutual, written agreement, including contractually binding responsibilities...
Document 4.1 Responsibly negotiating contractual assurances The purchasing company negotiates supply contracts to meet production requirements while prioritising fair labour conditions...