SoFi captures quantitative and qualitative sustainability information from your suppliers, transforms them into sustainability key performance indicators and enables you to rate your suppliers based on your own scoring methodology.
You can then benchmark your suppliers and provide each supplier with the results of their own sustainability performance assessment.
SoFi offers advanced performance management tools to help your suppliers improve sustainability performance. You can set targets for each supplier and monitor progress. SoFi for sustainable supply chain also offers an intelligent best practice library for suppliers to help them improve their sustainability performance based on their industry sector, location and company size.
Using the powerful analytics, benchmarks and sustainability databases in SoFi you gain full visibility of potential risks in your upstream supply chain such as potential resource shortages. Your suppliers get strong support in finding improvement opportunties, which in return helps you to reduce the cost of procurement, and to increase revenue through collaboration with your suppliers.