Following the introduction of the Modern Slavery Act in 2015, businesses have been thinking about their procurement process in more detail than ever before.
Modern slavery still occurs in every country in the world, according to the Chartered Institute of Procurement, and with businesses that fall foul of modern slavery facing legislative risk, it is important that businesses understand completely and implement and manage the risk of modern slavery across their supply chain.
As a result, CIPS has reinforced its seven stages of the procurement cycle to help professionals negate the risk of modern slavery.
Organisations are facing a lot of scrutiny to improve their supply chain’s conformance to modern slavery. You should integrate ethical standards, such as modern slavery policies, into your processes in order to ensure the uppermost compliance throughout your supply chain, you should integrate ethical standards, such as modern slavery policies.
You can download the Modern Day Slavery Survey 2017 Report and explore how UK businesses are rising to the compliance challenge across their supply chain.
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