English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Online supplier risk index launched

PRESS RELEASE

Index will allow companies to measure beyond first tier suppliers and determine practices in risk, ethics and sustainability.

May 06, 2014:The Ethisphere Institute, an independent center for research, best practices and thought leadership in corporate ethics and compliance, and the Institute for Supply Management (ISM), a professional association for procurement and supply chain management practitioners and their organizations worldwide, have partnered to develop the Supplier Risk Index, an online resource for organizations to survey the practices among their suppliers and their supplier's suppliers.

The ISM Services business unit has worked closely with Ethisphere to align the Supplier Risk Index with the needs of procurement and supply chain professionals.

"The Supplier Risk Index will enable companies, and specifically our membership organizations, to be more proactive in their approach to supplier due diligence," said ISM Services President, Bill Michels, CPSM, C.P.M., MCIPS. "ISM Services will be able to equip companies with a comprehensive survey of risk, ethics, and sustainability indices, providing unprecedented insight into their supply chains and enable companies to determine a risk profile that can better align supply chain practices with key business strategies."

Capable of surveying an organization's entire supply chain, the Supplier Risk Index identifies risks and grades organizations based on self-reported practices to help companies mitigate key risks and protect their reputations in a cost-effective and measurable way. The data gathered is comparable by the host organization and can be a useful tool for suppliers when shared during new business opportunities.

"As the global market continues to expand, organizations are increasingly putting their reputations in the hands of their suppliers," said Ethisphere CEO, Timothy Erblich. "As a recognized thought leader in the space with 100 years of experience and insight, ISM is the ideal partner to develop a resource to further support supply chain practitioners in aligning their suppliers with their business practices.

"Shire Pharmaceuticals is committed to best practices in supply chain and adding further clarity around the practices of our suppliers below the first tier," said Shire Pharmaceuticals' VP Global Procurement, Bill Dempsey. "We applaud an initiative like the Supplier Risk Index.

"As a global leader in real estate services operating in more than 75 countries, we engage thousands of vendors around the globe on behalf of our clients, who count on us to take a leadership role analyzing our partner and supplier relationships," said Jones Lang LaSalle's Global General Counsel, Mark Ohringer. "We are proud to be an early adopter of the Supplier Risk Index, which we believe is reducing enterprise risk and differentiating us from our competition."

More News

Written on 14/12/2017, 21:15
dhl-tests-abc-pharma-service-to-nicaraguaMOSCOW: December 13, 2017. DHL Global Forwarding (DGF) has tested the reliability of using the AirBridge Cargo Airlines (ABC) pharma logistics service...
Written on 14/12/2017, 19:34
berlin-gets-electric-deliveries-from-dachserKAMPTEN, Berlin: December 14, 2017. Dachser and DHL are the launch customers of Daimler's all-electric FUSO eCanter commercial vehicle. Both companies...
Written on 13/12/2017, 22:04
delta-adds-dusseldorf-to-ceiv-networkATLANTA: December 13, 2017. As Delta Air Lines announces an order for 100 Airbus A321neo, its Cargo division says it now has seven CEIV-approved...
Written on 07/12/2017, 22:33
russian-railways-to-invest-rub7-7-trillionMOSCOW: December 04, 2017. Speaking at the III Railway Congress at the beginning of this month, OJSC Russian Railways president Oleg Belozerov said the...
Written on 07/12/2017, 16:12
first-b777-freighter-for-turkish-cargoISTANBUL: December 07, 2017: Turkish Airlines has taken delivery of the first of two B777 freighters due to arrive in 2017 at a ceremony in Istanbul this...
Written on 06/12/2017, 20:49
cma-cgm-supports-green-santa-clausMARSEILLE: December 06, 2017. CMA CGM and French clothing manufacturer Kaporal Group have launched a limited edition collection called 'Shipping the...
Written on 06/12/2017, 16:57
jal-invests-in-supersonic-boomTOKYO/DENVER: November 05, 2017. Japan Airlines (JAL) has invested US$10 million and placed options for up to 20 Boom Supersonic aircraft as part of a...
Written on 05/12/2017, 21:47
freightweek-news-update-week-49COPENHAGEN: Maersk Line makes westbound network changes as Asian port congestion causes sailing delays. Read more: Advisory.pdf PARIS: December 08, 2017....
Written on 05/12/2017, 17:13
virgin-hyperloop-one-to-link-bengaluru-and-chennai-in-25-minutesBENGALURU, India: December 05, 2017. Virgin Hyperloop One has signed an MoU with the Indian state of Karnataka to determine the economic impact of its...
Written on 01/12/2017, 18:49
dhl-s-first-converted-a330-300-just-needs-paintDRESDEN: December 01, 2017. DHL Express has taken delivery of the first A330-300 Passenger-to-Freighter (P2F) conversion from Elbe Flugzeugwerke (EFW),...
Written on 29/11/2017, 21:29
cargolux-nca-code-share-to-include-frankfurt-hahnLUXEMBOURG: November 29, 2017. Cargolux has signed a new code-share and capacity swap agreement with Nippon Cargo Airlines (NCA) between Europe and Japan...
Written on 29/11/2017, 00:08
smart-retailer-ocado-signs-ecommerce-deal-with-groupe-casinoLONDON/PARIS: November 28, 2017. UK online grocery retailer Ocado Group is to provide its proprietary eCommerce technology to French bricks and mortar...
Written on 28/11/2017, 19:06
swiss-world-cargo-expands-pharma-corridorsZURICH: November 28, 2017. Swissmedic, responsible for the authorization and supervision of therapeutic products in Switzerland, has renewed the...
Written on 27/11/2017, 20:02
freightweek-news-update-week-48BRUSSELS: November 30, 2017. The European Commission has updated its list of 178 airlines banned from the EU for safety reasons. Read...
Written on 26/11/2017, 22:46
air-canada-cancels-freighter-networkTORONTO: November 24, 2017. Air Canada Cargo is terminating its B767 freighter services to and from Mexico, Dallas-Fort Worth, Atlanta, Bogota, Lima and...
Written on 26/11/2017, 20:34
qatar-helps-deliver-sight-to-childrenDOHA: November 25, 2017. Qatar Airways has renewed its sponsorship of Orbis UK, the global charity that fights avoidable blindness through access to...
Written on 24/11/2017, 22:20
hna-buys-australian-reefer-logistics-businessPERTH, Australia: November 23, 2017. HNA International is to buy the refrigerated logistics business of Australia's largest auto retailer Automotive...
Written on 24/11/2017, 20:53
alibaba-adds-online-technology-to-offline-retailingHONG KONG: November 21, 2017. The Alibaba Group is acquiring a 36.16 percent stake in the Sun Art Retail Group for US$2.88 billion Sun Art is a...
Written on 21/11/2017, 15:20
freightweek-news-update-week-47ABU DHABI: November 26, 2017. Etihad Airways has appointed Justin Carr as the airline's new vice president Cargo. Carr is a former DHL senior executive....
Written on 18/11/2017, 22:25
crowley-supports-puerto-rico-power-restorationSAN JUAN, PR: November 17, 2017. Puerto Rico's Electric Power Authority director Ricardo Ramos resigned today as the government acknowledged that only...

- powered by Quickchilli.com -