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What does the German Supply Chain Act Mean for Procurement?

ivalua

The German Supply Chain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. In Germany, this figure amounts to approximately 3,000 companies and requires them to conduct due diligence to identify and address potential risks in their supply chain.

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Ethics in the Supply Chain

Oxford College of Procurement and Supply

As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supply chain. It is not just the top tier or tier one suppliers that demand our focus but the whole chain. Do you have an ethical sourcing procurement policy? How much of your waste goes into landfill?

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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 SustainabilityEthical 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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Creating a Sustainable Supply Chain Strategy: The IKEA Story

ivalua

The world continues to change and evolve, and supply chains are not excluded from that process. In fact, currently 80% of the carbon footprint comes from the global supply chain. . Now is the time to act, and to engage your supply chain on this important global issue. .

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The final countdown: National Procurement Policy Statement and new guidance

VWV

A new element of the NPPS, as compared with previous versions, is the focus on ensuring suppliers uphold the highest standards of integrity, ethical conduct and environmental sustainability in business. This aligns with the stronger sanctions in the Act relating to performance, exclusions, and debarment.

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

American City & Country

Use procurement software or work with a GPO like OMNIA Partners that offers advanced analytics tools to track spend, identify trends, and optimize your supply chain. Sustainable procurement focuses on purchasing products and services that have minimal environmental impact, are ethically sourced, and support fair labor practices.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions. Assessing Risk across the Supply Chain.