Our purchasing policy has been established to meet and exceed the standards of the ACT Global Purchasing Practices and Commitments.
Our commitment to ethical purchasing has a positive effect at every level of our supply chain. It is a policy built on trust, honesty, fairness and shared responsibility. All involved parties are mutually committed to supporting wage increases, making sustainable production decisions, shared financial responsibility, and ultimately fostering change for people and the planet.
1. WE COMMIT TO LONG TERM EQUAL PARTNERSHIPS
We and our suppliers respect each other as equal business partners, we engage in respectful sourcing dialogue; and pursue win-win situations, with a shared responsibility to improve working conditions.
2. WE COMMIT TO SUSTAINABLE COSTING
We ensure the costing procedures and levels of the purchasing company reflect and support wage increases and sustainable production. Prices cover all costs of compliant production and allow for a reasonable and maintained supplier profit margin.
3. WE COMMIT TO BETTER PLANNING AND FORECASTING
We are committed to working collaboratively with our suppliers when planning our Critical Path and production.
4. WE COMMIT TO FAIR TERMS OF PAYMENT
We and our suppliers agree on fair and transparent payment terms that include all relevant information about the payment procedure and do not place a disproportionate burden on one party. Contractual obligations are honoured at all times. Payments are made in full and on time.
5. WE COMMIT TO PRACTISING RESPONSIBLE EXIT STRATEGIES