How Businesses Can Win at ESG by Empowering Suppliers
By Costas Xyloyiannis, CEO of HICX
Good supplier data is a function of good supplier engagement. And importantly, the reverse is also true.
Back in the early 2000s, supplier data was a struggle. The chief procurement officer (CPO) needed to know who all the suppliers were and whether they complied with a list of principles the company had committed to. It was the procurement team’s job to develop the platform from which this could be determined. Long story short, the CPO was able to gain the visibility required to demonstrate compliance at board level, making the project a success.