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What does the German Supply Chain Act Mean for Procurement?

ivalua

The act was established to address issues of sustainability and ethical conduct in global supply chains, and has significant implications for companies and procurement organizations operating in Germany. These organizations must also conduct regular supply chain audits to ensure sustainable and responsible operating measures. .

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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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Procurement Teams Forced to Cut Corners as External Challenges Bite and Investments in New Technology Don’t Keep Pace

ivalua

Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages. Global Media Contact.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Also, proper data analysis can help find potential hazards in the supply chain, sustain continuity, and reduce disruptions.

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CSR is Good for Business, an Independent Consulting Study Reports, but Official Targets & Policies are Lagging Behind

ivalua

Unsurprisingly, sustainability is the top priority, with 67% of respondents actively measuring CSR performance. However, only 33% have defined official sustainable policies and targets. Social and ethical priorities are close behind but still lag. This is followed by a lack of systems to enable effective, scalable collaboration.

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The Role Of Social Value In Public Procurement: Driving Community Impact

Tracker Intelligence

Inclusive Opportunities: Public procurement can be a tool to promote equality, diversity, and inclusion by prioritising contracts with suppliers committed to these ideals. Why Does Social Value Matter In Public Procurement? It also aligns with global goals like reducing greenhouse gas emissions and promoting sustainable development.

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Webinar Recap: Connecting the Dots Between ESG Objectives and Source-to-Pay Processes

ivalua

A global pandemic, water shortages, wildfires, deadly floods across the globe, and labor & human rights issues have propelled sustainability into the spotlight. . Organizations are investing sustainability and diversity concepts into their business processes, and they are committed to the success of these programs.