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Sustainability in Procurement: Strategies and Challenges

ivalua

Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. ’ and this is the way to get those.”

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Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Set a target for the share of investment projects using country systems, and set domestic procurement targets on a country-by-country basis to improve and strengthen the use of country systems iteratively over time. How can the Bank attract a wider diversity of suppliers, to optimise value for money and stimulate economic opportunity?

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Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

A number of webinars we have held at GW Law School, including a July 2024 series on emerging international best practices, confirmed that there are many parallels between these “green procurementstrategies. Strategies In “Green Procurement,” 66 Gov. Planning The first strategy looks to procurement planning.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

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Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions.

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Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . Organizations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions .