Remove Buyers Remove Quality Remove Sustainability
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5 Tips to Leverage Digital Tools to Deliver Tangible Sustainability Improvements

ivalua

Buyers are expected to scrutinize every aspect of the purchasing process to identify ways to reduce their carbon footprint, source sustainable materials, and promote diversity. As the sourcing function evolves, digital procurement technologies have become crucial tools for buyers to capture and report their sustainability achievements.

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The New Trend of Greenhushing

The Softly Spark

This misleading practice of making false green claims has left many buyers skeptical of products touted as eco-friendly. Now, a trend called “greenhushing” is emerging, where companies shy away from promoting their sustainability efforts for fear of being accused of greenwashing.

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CKS Benelux and Ivalua partner with Punch Powertrain to digitalise strategic sourcing

ivalua

The Belgium-based automotive supplier, specialising in sustainable and affordable propulsion system solutions, deployed Ivalua’s platform in September 2020 for the sourcing of components for the DT2 program, within the company’s Joint Venture operations: Punch Powertrain PSA e-transmissions.

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Why are KPIs Important in Procurement?

Oxford College of Procurement and Supply

KPIs are popularly related to areas such as: On time delivery Amount of rejects Cost reduction Ethical conduct Sustainable approaches Lead times KPIs can be written to measure any aspect of supplier performance but must be relevant to the contract to add value. The issue could be a minor blip in production but it could be more serious.

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What is Responsible Sourcing?

ivalua

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. This approach ensures that business between a buyer and its suppliers is conducted in a manner that does not negatively impact society or the environment. .

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Procuring AI without understanding it. Way to go?

How to Crack a Nut

The one finding that should definitely not go unnoticed is that, according to DRCF, ‘ Buyers can lack the technical expertise to effectively scrutinise the [algorithmic systems] they are procuring, whilst vendors may limit the information they share with buyers ’ (at 9). This is extremely worrying.

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Bidding The Right Way

Tendersinfo

They are the one that drives the organization’s success by using their analytical skills to help the organization build its market place and move towards sustainable business development. Identify the Pain Areas of the Buyer It is of utmost importance to comprehend the requirements and recognize the torment spaces of the buyer.

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