Comprehensive supplier engagement enhancing efficiency and risk management
Industry
Food
Product
Sustainable Sourcing
Region
EMEA
About
Sweden's leading restaurant and wholesale specialist with daily deliveries of food, beverages, and equipment to nurseries, cafes, restaurants, and major hotel chains uses Worldfavor’s Sustainable Sourcing solution to simplify supplier follow-up and collect sustainability information in one place.
Challenge
Before Worldfavor, the company manually collected all its sustainability data from over 1000 suppliers, creating inefficient administrative work. The company needed a system of managing and monitoring its suppliers to streamline processes and meet product sustainability requirements.
Solution
The company is currently using Worldfavor’s Sustainable Sourcing solution to collect data from their suppliers and get an intuitive overview. This solution makes follow-up on certificates and fulfillment of the code of conduct smooth.
Result
Worldfavor streamlines processes, eliminates time-consuming manual work and personal dependencies, enables risk assessments, prevention, and mitigation. Overall, it’s easy to analyze data and stay up to date.
Challenges
In 2008, the company implemented a supplier code of conduct to ensure alignment with its business model and social and environmental expectations. The manual data collection process became an overwhelming and heavy process, prompting the adoption of a supplier management system. After extensive research, Worldfavor's Sustainable Sourcing solution was chosen for:
Streamlining collection of certificates and sustainability data from suppliers.
An automated system to centralize sustainability information and manage suppliers all in one intuitive tool.
Solution
Worldfavor’s Sustainable Sourcing solution was chosen to enable the collection of data from over 1000 suppliers. Since Worldfavor was chosen and implemented, the wholesale specialist could start using the platform’s map function to decide and plan their next supplier visit.
The Worldfavor’s Sustainable Sourcing solution provides the company with:
An automated process for gathering and analyzing sustainability data centrally.
An intuitive overview of their sustainability and purchasing work.
Information about what stage a supplier is in and use the platform’s map function to decide and plan their next supplier visit.
Result
Worldfavor empowers you with the essential tools to identify the impacts of your supply chain, giving you insights to conduct an informed double materiality assessment. Access key data in line with the ESRS standards to understand risks and opportunities, and take smart action to improve your sustainability, and excel in your CSRD reporting!
