The Better Buying Purchasing Practices Index Garment Industry Scorecard is released today (13 July), ahead of the full findings and scores from the Better Buying Purchasing Practices Index, which will be published later in the year.
The Scorecard reveals a record number of garments ratings were received this year, at 1257 compared to 918 last year (up 37%), and from 54 different countries against 52 last year.
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The Better Buying Purchasing Practices Index Garment Industry Scorecard is designed to track progress and declines in purchasing practice performance from year to year.
Anonymous supplier ratings of buyer purchasing practices obtained by the independent third-party initiative are aggregated, scored, and made available to the retailers, brands, and suppliers with the goal of accelerating change and industry-wide improvements across supply chains.
Last year’s 2021 Scorecard showed brands and retailers continued to improve their purchasing practices in six out of seven of the categories measured, despite the unprecedented pressures of Covid 19. But the scores this year show a mixed picture, and suggest that some of that progress has stalled, the Better Buying Institute says.
The overall score for Garments remains the same as 2021, at 66, and scores for Design and Development (74) and Management of the Purchasing Process (90) have also remained static. And while slight increases were seen in Planning and Forecasting (62 points compared to 61 last year), Sourcing and Order Placement (28 compared to 26) and Payment and Terms (68 compared to 66), scores fell for Cost and Cost Negotiation (70 points compare to 72) and Win-Win Sustainable Partnership (74 compared to 77 in 2021).
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By GlobalDataDr Marsha Dickson, president and co-founder of Better Buying Institute, says: “2022 has seen the highest number of ratings submitted to date. Brands and retailers and their suppliers have faced huge challenges in the past year, as they strive to recover from the impact of Covid-19.
“For Garments, it appears that some of the improvements we saw being made in 2021, in the immediate wake of the pandemic, have stalled, or slightly gone into reverse. Over the next few months, we will be analysing the data in full so we can help brands and retailers better understand the biggest pressures they are placing on suppliers. Our subscribers will benefit from the insights of their suppliers for changes that will support sustainable and effective true partnerships.”
The full Better Buying Purchasing Practices Index Industry Scorecard can be accessed here.
