Silec Cable Certified as First Mid-Sized Company for "Responsible Supplier Relationships" in France
On January 27, 2014, Silec Cable completed their yearly review for the Responsible Supplier Relationships label.
This selective label had also previously been awarded to Silec Cable in April 2013 by the Representative of the Ministry of the French Industry and the French Purchasers' Organization in Paris.
This label aims to honor companies that maintain sustainable and balanced relationships with their suppliers and develop a responsible purchasing approach by considering the impacts of their processes.
Acknowledgement of Good Practices
The Responsible Supplier Relationships Label has been awarded for three years by VIGEO, an independent financial scoring company run by experts in the field. Once the companies receive their label, VIEGO audits them annually based on the results of their follow-up plans and projects.
Silec Cable began their process of certification in 2010 by signing the French Charter for Responsible Supplier Relationships. This project began Silec Cable’s process of dedicating itself to a continuous improvement plan by diagnosing its purchasing practices and striving for success.
All those involved in the purchasing process—from the need to the supply—have committed to respect and promote the values of the Ethics Charter and the sourcing responsible approach. In total, the participants include more than 130 associates and 50 key suppliers.
The Success of Our Approach
General Cable is particularly proud of this award, which reinforces practices that we endeavor to improve upon every day. We feel this shows the maturity of our purchasing processes, in direct line with the values of our company with regard to our responsibility and code of ethics.
‘Sourcing Responsibly’ - What does it mean?
In addition to our code of ethics and core values, Silec Cable sustains a progress approach by treating its suppliers as equal counterparts, offering better visibility to its volumes, paying according to the law, purchasing locally each time it is possible and profitable, developing Total Cost of Ownership (TCO) approach and reducing mutual dependence towards the suppliers, etc.
Silec Cable is the first medium-sized French company to be awarded this label among large International groups.
The Responsible Purchasing Management recognition was also awarded to General Cable Europe as a part of “The 2013 Most Relevant Projects” during our 3rd Annual European Lean Sigma Symposium held in October 2013 in Portugal.
We invite all our partners (our associates, suppliers and customers) to share this information within their organizations and to adhere to this approach.
We believe that this progress approach enables us to develop positive values for all our economic stakeholders and that it is an appropriate answer to the current expectations of our suppliers and customers.