Remove Influencing Remove Public Procurement Certification Remove Tender
article thumbnail

The Purpose of Procurement: How ESG is Changing our Roles

The Procurement School

Business decisions have been influenced by the theory of the Invisible Hand. Until more recently, business management training was primarily based on Smith’s theory that as long as a product was legally sold, the market would set the price and should not concern itself with the public welfare – that was the job of government.