Inclusive Sourcing has become a topic of growing interest for companies as procurement activities have the potential to strengthen business operations through supply chains. Following the adoption of the B4IG Inclusive Sourcing Methodology by the Board in December, Business for Inclusive Growth (B4IG) will shortly release the Methodology developed by the coalition under the leadership of L’Oréal.
Inclusive Sourcing consists in supporting suppliers who provide access to work to individuals in vulnerable situations. By fostering access to decent work through their suppliers, companies help empower workers in vulnerable situations while strengthening their supply chains.
Several European and American B4IG member-companies operating all over the world held several working sessions to develop a Methodology that aims at equipping procurement teams with practical and operational tools to embed inclusive sourcing principles in their procurement practices. Through a step-by-step approach, the methodology provides practical tips and successful examples to support companies from building their own inclusive sourcing strategy to launching pilots and embarking on a transformational journey.
Acting as a guide, the Methodology is divided into major stages:
- Stage 1: Engage your team and leadership on a common vision
- Stage 2: Build your Inclusive Sourcing roadmap
- Stage 3: Ensure your company is engaging in a transformational journey
- The Methodology also includes a Self-assessment tool to evaluate your current sourcing approach
Each stage showcases several steps for procurement teams to undergo. Each of these steps features concrete actions to undertake, useful existing tools and illustrations based on best practices and practical tips to ensure effective implementation as well as recommendations on human resources to allocate.
If you would like to be notified of the publication of the tools, please register here: https://form.typeform.com/to/YmDFSkfk