Fashion Revolution+Discloses Quantity of Orders Paid On-time

Discloses Quantity of Orders Paid On-time

Does the company publish the % of orders with on-time payment to suppliers, according to agreed terms?

Wikirate ID: 5822348

Metric Type: Researched

About the data

Purchasing practices are the way that a company interacts and does business with the manufacturers that supply their products. It encompasses strategic planning, sourcing, development, purchasing (buying) and the underlying behaviours, values and principles which impact workers. Prompt and fair terms of payment helps suppliers with cash flow enabling them to pay workers on time and adequately.

Methodology

In this question you are being asked to identify whether the company publishes the percentage (%) of orders with on-time payment to suppliers, according to agreed terms.

Where to look for this information:
- Corporate Social Responsibility report
- In Modern Slavery Statement or
- California Transparency Act disclosure
- Company documents
- Company policies
- Company websites
- Company code of conduct
- Parent company documents (only if the parent company is linked to from the brands website)
- Parent company policies (only if the parent company is linked to from the brands website)
- Parent company websites (only if the parent company is linked to from the brands website)
- Parent company code of conduct (only if the parent company is linked to from the brands website)

Good keywords for your searches include:
- On-time
- Purchase Order
- Purchasing Practices

Things to keep in mind:
- Extended and long payment terms can impact a supplier’s ability to provide decent employment conditions

Topics

FTI2020

Value Type