According to Gartner research, three in four organizations have formalized responsible sourcing programs (sometimes called ethical sourcing programs) as a means for driving supply chain sustainability.
But strong policy does not necessarily lead to strong performance: Media reports of poor supply chain practices raise questions about responsible sourcing program effectiveness.
To realize the business value that supply chain sustainability initiatives promise, supply chain leaders must eliminate barriers to responsible sourcing success, including:
- Sustainable supply alternatives are more expensive and/or not available
- Responsible sourcing initiatives are difficult to monitor and enforce
- There is misalignment between responsible sourcing goals and internal procurement metrics
Gartner’s action plan outlines solutions to the three top-ranked responsible sourcing challenges. Download the action plan to implement responsible sourcing during the procurement process and assure compliance.