Supply Chain Excellence
Bekaert launched in 2016 a Supply Chain Excellence (SCE) program, which covers the total supply chain, with a primary focus on Sales and Operations Planning (S&OP), inventory management, production planning and master data structure and content.
Building a sustainable supply chain
(GRI 102-10) (GRI 414-1) (GRI 414-2) (GRI 308-1)
In 2015, Bekaert’s purchasing department stepped up its engagement to enhance sustainability awareness and control with our suppliers. We reached a global spent coverage of 75% in 2016 (1). We evolved to 80% coverage of our global wire rod spent through key supplier agreements (1). Key supplier agreements are multi-year partnerships in which sustainability, supply chain integration and innovation are explicit building blocks. In 2016, we kick-started the signing of these key supplier agreements in other categories as well. Shared targets and action plans for 2017 were further worked out with key suppliers, enabling us all to drive sustainability forward across the supply chain.
(1) Excluding BBRG
Bekaert Supplier Code of Conduct
Bekaert recognizes the importance of responsible sourcing. In 2016, all suppliers covered by the Conflict Free Sourcing Initiative (CFSI) signed the Bekaert Supplier Code of Conduct (or delivered proof of following its principles) and completed the most recent template issued by the CFSI. This is an initiative of the Electronic Industry Citizenship Coalition (EICC) and the Global e-Sustainability Initiative (GeSi), that help companies from a range of industries address conflict mineral issues in their supply chain.
All wire rod suppliers as well as suppliers of other critical material categories are formally evaluated on a yearly base, and corrective action plans are put in place when the minimum required levels have not been reached. These action plans are closely monitored by the Bekaert purchasing department and the suppliers in order to keep the focus on continuous improvement high. (GRI 407-1) (GRI 408-1) (GRI 409-1)
In sourcing raw materials and other supply needs, Bekaert will source locally (i.e. in the same region) as where the materials will be processed, unless when the sourcing options are inadequate in terms of quality or cost.
Bekaert company located in the same region (regions: N-AM, LATAM, EMEA, and Asia Pacific)