Fashion Revolution+Discloses Quantity of Orders Changed After Original Agreement

Discloses Quantity of Orders Changed After Original Agreement

Does the company publish the % of retrospective changes made to orders or payment terms after the original purchase order agreement was made?

Wikirate ID: 5822358

Designer: Fashion Revolution

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. Making last minute changes to product design and purchase agreements can create knock-on effects for workers who may be forced to work excessive overtime in order to deliver these changes.

Methodology

In this question you are being asked to identify whether the company discloses the percentage (%) of retrospective changes made to orders or payment terms after the original purchase order agreement was made.

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:
- Purchasing Practices
- Payment terms
- Purchase order

Things to keep in mind:
- When a company fails to meet agreed payment terms it can have server impact on the workers within its supply chain

Topics

Suppliers

FTI2020

Value Type