PLZ ESG REPORT 2021 RESULTS
PRODUCT STEWARDSHIP
PLZ Corp launches Sales, Inventory and Operations Planning (SIOP) Our commitment to continuous improvement led us to adopt an operating model known as Sales, Inventory, and Operations Planning (SIOP). We began the process design work in mid-2021 and are very excited to launch SIOP throughout PLZ Corp in April 2022. The SIOP operating model is also referred to as Integrated Business Planning (IBP). SIOP/IBP drives sustainable business decisions by building one integrated plan of record and securing alignment across all functional disciplines within PLZ Corp and our customer and vendor partners. Integrated plans are reviewed and refreshed monthly where key underlying assumptions are challenged, validated, and adjusted as needed keeping all functional areas informed, engaged, and aligned. The SIOP/IBP business process positions PLZ Corp to react quickly with a cross-functional team approach to respond to any unforeseen challenges.
FORWARD-LOOKING GOALS PLZ Corp is focused on continuous improvement in how we evaluate, engage with, and measure success when it comes to working with our vast network of suppliers. We have established goals to support these efforts, including:
• Updating and integrating new sustainability initiatives into our Supply Chain Code of Conduct and/or Supply Chain Management Plan
• Establishing a baseline survey to solicit data regarding supplier reporting activities or verifications by industry standards, certifications, and assessments
• Increasing the number of annual supplier audits
SIOP/IBP at PLZ Corp will deliver better utilization and efficiency of available resources, reduced waste of valuable resources, greater responsiveness, faster speed to market, and improved service to markets we serve.
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