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Document

5.4 Costing strategy for living wages

The purchasing company works with suppliers to ensure prices paid allow for wage levels to be raised...
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5.3 Understanding the living wage gap

The purchasing company seeks to understand the gap between current wage levels and living wages.
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5.2 Incorporating wage and cost increases

The purchasing company gives due consideration to price increases from suppliers that occur due to...
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5.1 Prices that cover responsible business conduct

Articles 8, 10, 11 & 12
Document

Principle 5: Sustainable costing

Focuses on ensuring that purchasing decisions reflect the costs required to uphold living wages and responsible business conduct.
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4.8 Supply chain tiers/intermediaries

The purchasing company seeks to promote fair payment terms through the full length of the supply chain...
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4.7 Aiming to reduce penalties

The purchasing company aims to minimise fines and penalties...
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4.6 Mutually agreed reasonable penalties

If the purchasing company has penalties for suppliers...
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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.
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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.

Pagination

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