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The latest addition to the Sustainable Procurement Tools website is a case study from NHS National Services Scotland (NHSS). NHSS is aiming to accelerate sustainability within its frameworks in collaboration with suppliers.
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.
As a follow up to the publication of Scotland’s journey of achieving sustainable procurement outcomes 2002-2022: independent review , we have interviewed key organisations representing and working with the business and the third sector in Scotland about sustainable procurement outcomes.
Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. For instance, instead of conducting lengthy RFP processes, your team can access ready-made contracts with industry leading suppliers.
Traditional procurement approaches prioritised lowest price, which led to unintended consequences like accepting bids of lower quality, a lesser performance record or that did not adequately allow buyers to consider equity, sustainability or socio-economic objectives like creating local jobs.
Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. How they carry out that duty, therefore, can affect whether they can achieve their sustainable development goals.” Sustainable Development Goal (SDG) No.
As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.
As buyers we often expect a lot from our suppliers, but do we take the time to think about what they need from us in order to perform to the standard we often demand of them? It is important for us to remember the suppliers perspective and to effectively communicate with them, so we receive the end product that we want.
Just because the purchase order is placed with the supplier , our work as procurement professionals is not done. At this stage of the procurement cycle (stage 10), our work should be focusing on the management of the contract to ensure that the supplier is delivering as per our expectations. KPIs also motivate suppliers.
Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainability metrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supply chain on this important global issue. Sounds interesting? Sign up HERE.
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainable procurement strategy, their benefits and challenges during implementation.
By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.
Following the global climate protests that swept the world in 2019, sustainability rose to become a business priority. In our latest study of UK-based procurement, supply chain and finance professionals, we found that 60% of UK businesses have decreased investment in sustainability initiatives as a result of the coronavirus outbreak.
With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainability metrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.
A lack of digital maturity and a focus on supplier cost and quality are also limiting green practices. 16th July 2020, London – Research from Ivalua, a leading provider of spend management cloud solutions, has shown that six-in-ten (60%) UK businesses have decreased their investment in sustainability initiatives due to the COVID-19 pandemic.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement.
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.
In recent years, sustainability has increasingly become a top priority for many organisations. Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. Measure suppliers on carbon emissions. Collaborate for a greener future.
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. Export and import of certain hazardous wastes. Further, it is essential that supplier management and data is holistic (i.e.,
Many organisations vowed to reach net zero during COP26, but suppliers say there is a lack of collaboration on green initiatives. Just one-in-ten (10%) suppliers say that organisations always include sustainable practices in contracts and agreements. Suppliers have an important role to play in tackling climate change.
Public procurement regulations is absolutely front and centre to this, both in terms of buying more sustainable products and services, but also incentivising its supply chain to adopt environmentally friendly practices. The Role Of The Public Sector In Improving Sustainability The public sector in the UK is huge. What can suppliers do?
When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Ethical procurement is becoming increasingly important in our ever more complex, interconnected, and global economy. In this post, we explore what ethical procurement means and why it is so important. Why is Ethical Procurement Important? What is Ethical Procurement? What is Ethical Procurement?
Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. In today’s dynamic and uncertain environment, strong supplier relationships are a key competitive advantage. About Ivalua.
“Public buyers have the freedom to use the green criteria either as part of technical specifications, selection or award criteria, through contract implementation and through supplier qualification, for example by requiring an environmental management system certificate,” says Darius Vedrickas, Director the LPPO.
This discussion delves into the importance of these principles, examining both the goals to be achieved (effectiveness) and the optimal use of resources (efficiency). Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously.
A recent survey that Ivalua did in the UK, “ Gaining the green view, How smart procurement can kick-start sustainability initiatives ” showed that 87% of UK businesses see “greener” supply chains as a competitive advantage. How can large companies address sustainable Supply Chain strategies?
Sustainable products are experiencing growth in both profits and consumer demand. To successfully market your sustainability efforts, you must carefully navigate the fine line between legitimate marketing and greenwashing. Recommendation: Partner with suppliers who prioritize sustainability.
The vision aims to transform the country into a leading economy, a hub for commercial and cultural activities, and a model for sustainable development. In this blog post, we will explore how sustainable procurement practices can help organizations reduce greenhouse gas emissions and achieve their sustainability goals.
Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. For LAC countries, digital technologies can be an important ally in achieving this balance. What is Smart Public Procurement?
As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supply chain. Any supplier within our chain should be performing positively in relation to these areas if they wish to remain on an approved supplier database. How much of your waste goes into landfill?
Paige emphasized the importance of assessing a vendor’s credibility and reliability using historical data, including which government agencies they’ve worked with and whether they deliver goods and services on time. Verifying Vendors for Credibility and Reliability: The first topic covered was the crucial process of vendor verification.
Many organisations vowed to reach net zero during COP26, but suppliers say there is a lack of collaboration on green initiatives. Just one-in-ten (10%) suppliers say that organisations always include sustainable practices in contracts and agreements. Suppliers have an important role to play in tackling climate change.
For Körber’s supply chain management community, quality, innovative strength, legal certainty, adherence to delivery dates and the sustainability of suppliers and service providers play a decisive role – as does cost. The goal was to increase efficiency across the Group’s Business Areas.
– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Enhanced collaboration as the software allows Procurement, stakeholders and suppliers to exchange information quickly, but also to work jointly on certain item. 100% of electronic POs.
As procurement professionals we spend a lot of time categorising our products, services and suppliers. But do we take enough time in understanding how our suppliers see us? By using the Supplier Preferencing Matrix we can start to understand where we fit in the suppliers’ opinions.
Advocacy campaigns have contributed to important changes to procurement laws and practices, for example, encouraging compliance with competition rules, allowing civil society to file complaints about procurement for the first time, and increasing disclosure of quasi-governmental sector procurement data.
In recent years, sustainability has increasingly become a top priority for many organizations. Many businesses, governments, and consumers are now acutely aware of the importance of taking action to prevent climate change. Measure suppliers on carbon emissions. Collaborate for a greener future.
We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurement teams and their internal stakeholders. We see them increasing the uptake of the real living wage, which is so important. And even more important that we see a real focus on environmental sustainability.
Non-compete clauses have been an important tool for companies to protect intellectual property and ensure they get treated fairly when employees leave. So this takes away a very, very important attribute for companies to be able to bid and win contracts. But maintenance and sustainment is something that could be delivered right away.
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. .
Although we have come a long way, the gaps still exist and to realize inclusive economies and sustainable development globally, we must #InspireInclusion. For instance, women producers in Palmira are suppliers for the school meals program and other food provision services.
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