48 03 Securing the supply chain Sustainable supply chain management can be a strong driver of value and success. This means working with our suppliers to achieve sustainability standards set by us, which creates, protects, and grows long-term environmental, social, and economic value. We have a structured process to develop our suppliers to advance sustainability goals mutually. Our suppliers are classified as strategic, transactional, and transitional to create focus. We progressively build a sustainable relationship with the strategic suppliers who constitute 80% of our spending. Efforts are also directed to explore opportunities with the suppliers classified as transactional. Currently comprising 45% of the total supplier group we are partnering with them to move them into a strategic relationship. As part of the supplier partnership, we assess risks, handhold developments, and periodically monitor performance improvements. Speed and Reliability in Supply chain Robust model for supplier risk assessment with 33 attributes built on the PSCI framework Strategic Partners meet 70% of needs Strategic partners, qualified since two decades, meet diverse chemistry platform needs Transitional Value to SAI Value to Partner Strategic Transactional Misfit ai
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