Better Buying Institute

The Five Principles of Responsible Purchasing

best practices buying ESG purchasing sourcing supply chain sustainability
Online course

Brands and retailers have identified problems in factories that put workers at risk and pollute our communities. While efforts have been made to reduce these risks, many problems still exist. To achieve shared financial, social, and environmental sustainability goals, brands and retailers can’t only expect their factories to do things differently, everyone needs to be involved. This course defines The Five Principles of Responsible Purchasing and shares how suppliers, workers, the environment, and brands and retailers are impacted when the Principles are not followed. Learners explore real-life scenarios and consider new ways of working to improve purchasing practices so that everyone mutually benefits.

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45 mins
$100
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You can cancel your subscription at any time during your plan term and deactivate its auto-renewal.
The discovery plan is not eligible to corporate team packages & volume discounts.
* During the first 3 months of subscription under this plan, you may choose any available course under $200. From the 4th month onward, you choose from any available course in the catalogue.
** MOTIF will organize at 6-8 Learning Series events per year but cannot guarantee one will be opened for registration during every single discovery plan month. Free tickets are also subject to seat availability and event capacity.
The Discovery Plan is non-refundable and non-transferable. By purchasing the Discovery Plan, you agree to MOTIF’s Privacy and Terms & Conditions of Use.
You can cancel your subscription at any time during your plan term and deactivate its auto-renewal.
The discovery plan is not eligible to corporate team packages & volume discounts.
* Free tickets are subject to seat availability and event capacity.
The All-Access Pass is non-refundable and non-transferable. By purchasing the All-Access Pass, you agree to MOTIF’s Privacy and Terms & Conditions of Use.
You can cancel your subscription at any time during your plan term and deactivate its auto-renewal.
* Free tickets are subject to seat availability and event capacity.
The All-Access Pass is non-refundable and non-transferable. By purchasing the All-Access Pass, you agree to MOTIF’s Privacy and Terms & Conditions of Use.
Everyone in a brand or retailer company: buyers, merchandisers, designers, product development, sourcing, marketing, logistics, distribution, CSR/sustainability, accounting, finance, human resources, and others.
This course is a foundational course. There are no prerequisites but learners will be expected to possess a general understanding of global supply chains.
This course will be beneficial across seniority levels, at an individual, team or enterprise level for those who wish to adopt responsible purchasing best practices.

How will you learn?

This practical course includes videos, case studies, pulse checks, simulations as well as downloadables to facilitate every learner's needs.

All participants who successfully complete the course will receive a Better Buying Institute Certificate of Completion.

What will you learn?

By the end of the course, learners will be able to:

1. Define how their decisions affect multiple levels of the supply chain, specifically suppliers and workers

2. Feel empowered to challenge existing processes and work together with suppliers to identify new processes that better support improved purchasing practices

3. Understand the metrics that may be put in place to track improvements in purchasing practices and why

Online course Detailed outline

Introduction

You will explore the resources that are included in this course and be introduced to the Five Principles of Responsible Purchasing, which will further your knowledge on these matters within the supply chain.

First Pulse Check

Module 1: The Five Principles of Responsible Purchasing

This module will give you an overview of how The Five Principles of Responsible Purchasing were created and what they are, as well as what happens when the principles are not followed.

  • 1.1 Visibility
  • Visibility - Case Study
  • 1.2 Stability
  • Stability - Case Study
  • 1.3 Time
  • Time - Case Study
  • 1.4 Financials
  • Financials - Case Study
  • 1.5 Shared Responsibility
  • Shared Responsibility - Case Study

Module 2: Applying the Five Principles to Real World Scenarios

This module explores some scenarios where the Five Principles are used and makes you apply your knowledge in these cases.

Second Pulse Check

Conclusion

This module summarizes what you have learned in this course. Upon finishing, you will get the course certificate which can be added to your resume or shared on Linkedin.

  • Course Summary
  • Committing to Responsible Purchasing Practices
  • End of Course Survey

About Better Buying Institute

Better Buying Institute reimagines supply chain sustainability, leveraging data to strengthen supplier-buyer relationships and improve purchasing practices. Our goal is to accelerate industry-wide transformation of buyer purchasing practices so that buyers and suppliers create mutually beneficial business relationships that achieve shared goals of profitability and social and environmental sustainability. Better Buying’s research and education programs provide retailers, brands, suppliers, and industry with data-driven insights into purchasing-related activities.

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