ELEVATE Vendor Seminar
21 March 2018 - New York
Preparing for Vendor Ownership -
A Practical Guide to Achieving Competitive Advantage
ELEVATE launches its first major event targeted exclusively at vendors, agents and licensees to help you know your retailer customers, pursue your own responsible sourcing programs, and understand issues looming on the horizon.
Convening in New York City on March 21, 2018, the ELEVATE Vendor Seminar gives an up to date overview of Supplier Ownership initiatives and moves participants proactively through practical steps to plan and execute cost-effective programs.
We have created eight sessions to help vendors achieve competitive advantage in an increasingly volatile market:
A detailed agenda can be found here.
With the markets changing so rapidly, online retailing, new uncertainty with trade rules, pressure on factory liquidity, retailer bankruptcies and store closings, it’s a real challenge for retailers and their suppliers to stay aligned. Retailer supply chains are large and diverse, spread across many countries, and are often managed by small teams. This makes effective supplier management a real challenge. Add to this the ever-present threat of public naming and shaming and the increasing activism of institutional investors, being a retailer is not so easy. This session will explore the various challenges faced by your customers and how it shapes their approach to the supply chain.
Vendors do not always find it easy to determine what their retailer customer really wants. Vendors struggle with contrary customer demands for lower prices while pushing high-cost initiatives, wonder about investments in factory improvements while customers may aim to go direct, and question overall which requirements are most important for each customer. Vendors’ margins are being constantly squeezed and it is difficult to balance these investment decisions. In this session, we will explore how to decipher retailer social responsibility priorities and how best to position your company to respond to them.
No company, retailer, brand or vendor wants to grow headcount in this current environment. Yet, there is constant pressure to do a better job of managing social responsibility. Who’s supposed to do this? The quality team, a junior sourcing analyst? How can this best work and how should you structure it? Are there better approaches? ELEVATE will explore the topic with a number of key vendors who have faced the issue and then synthesized ideas into actionable budgets.
Many retailers are actively exploring the introduction of structured, incentive based, supplier ownership programs. Similarly, there has been an uptick in the number of vendors actively seeking to build programs or, at a minimum, become more proactive in how they manage social responsibility within their supply chains. This session will explore and help answer a number of important questions. What are the retailers’ programs likely to look like? What sort of incentives? Who do they apply to? What are the “graduation” requirements?
Use your supply chain data to work for you, beyond a pass/fail report. The right technology can boost the efficiency of your responsible sourcing program goals and lend insights to help you make better supply chain decisions. There are technology platforms designed to help you manage your compliance information, track factory improvement, and centralize what is often a global effort across many departments. Learn how you can apply best practice in data management in a few cost-effective steps.
Audits, surveys, and self-assessments are all part of a familiar set of mechanisms used by your retailer and brand customers to measure factory compliance. However, looming on the horizon are a new set of vendor performance measurement tools. Vendors may be familiar with scorecards, but may not have encountered the next wave of measurement tools. Vendor audits – whether baseline reviews, graduation assessments, or post-graduation reviews – will present vendors with a new set of issues. The session will explore the new vendor assessments, the types of questions that will be asked and what you should do to prepare for them.
One of the key missing elements in most vendor efforts are the processes around factory remediation. These include how to achieve transparency, develop preventive action plans, build proper project plans, monitor and drive factory progress, and ultimately how to get factories to comply. Since fixing non-compliances tends to cost money, how do you get a factory to comply without taking shortcuts? This session will help develop a practical, but proactive approach to factory remediation and getting to compliance and ownership.
North Korean workers, UK Modern Slavery, unauthorized? sub-contracting, the sunsetting of the Alliance for Bangladesh Worker Safety are some of the higher profile social responsibility topics today. Learn from this panel of retailers and brands about other issues looming on the horizon and how they want their vendors to prepare for them.
ELEVATE Vendor Seminar21 March 2018