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Sustainability in Procurement: Strategies and Challenges

ivalua

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In the past, the main focus for most companies was profit, but more and more companies now understand and value ethical procurement. What is Ethical Procurement? What is Ethical Procurement?

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

American City & Country

Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. Cooperative purchasing can help you stay agile and strategic in your procurement activities.

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

Procurement services in Canada encompass a wide range of activities, all aimed at achieving the best value for taxpayer money. Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurement strategies.

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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. There is a growing trend among consumers for responsible sourcing or ethical sourcing. This is actually proving to be a profitable strategy for many.