What is effective Supplier Engagement and why is it important?
Effective and ongoing supplier engagement is crucial for organizations aiming to achieve sustainability goals, comply with regulatory and reporting requirements and manage supply chain risk.
Effective supplier engagement includes 3 key elements:
- Assessing suppliers to understand where they are at and the gaps and opportunities.
- Engaging and enabling suppliers by providing access to tools and resources that build awareness and capability and offer incentives to those taking action.
- Tracking and reporting supplier engagement and improvement in supplier sustainability actions.
givvable makes Supplier Engagement smart and simple by providing suppliers free access to its award-winning tool, ENGAGE.
ENGAGE enables organizations to support their suppliers to align with their sustainability and ESG policies, frameworks and objectives by:
🔸 Providing suppliers with a free digital profile to use in quotes, tenders and RFPs to reduce the time and cost of responding to surveys and SAQs;
🔸 Giving suppliers free access to best practice tools and resources to accelerate their sustainability journey;
🔸 Rewarding supplier actions and initiatives by boosting their visibility on givvable; and
🔸 Tracking supplier engagements with reportable statistics and metrics.
Users of givvable's VET, SCREEN and BENCHMARKING tools also benefit from givvable's automated Supplier Engagement campaigns which result in a >90% engagement rate for interacting suppliers and earn our 'Engage Suppliers' badge >> https://www.givvable.com/givvable-badges
Want to learn how to to elevate your Supplier Engagement program? Book a demo here >> https://www.givvable.com/book-demo