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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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10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021

ivalua

What Will Impact Procurement Processes in 2021? Supply Chain Transformation is ongoing but never more important than in 2021. Supply Chain Risk and Supply Continuity: Risk moved front and center of Procurement during the pandemic, as procurement organizations grappled with constrained supply chains.

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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. Enhance Supplier Relationships Strong relationships with suppliers are the backbone of effective procurement.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Additionally, by researching new suppliers every few months or so, they can ensure they’re always getting the best deal possible on the goods and services they need to sustain their operations. In order to stay ahead of inflationary trends, procurement teams need to be proactive and continuously adjust their strategies.

Price 105
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#ScotClimateWeek PPG round up

Scottish Government Procurement

As part of Scot Climate Week 2023 , we hear from some members of the Public Procurement Group (PPG) on how their organisations are embedding climate action in their procurement activities. We will continue to promote the use of sustainability tools and Climate Literacy training uptake across the sector.

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What is Ethical Procurement and Why is it Important?

Oxford College of Procurement and Supply

Ethical procurement refers to the consideration of a wide range of issues relating to the ethical and sustainability goals of an organisation. Ethical procurement is a company’s code of conduct and commitment to environmental, social and legal issues.

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AI & sustainable procurement: the public sector should first learn what it already owns

University of Bristol

Photo credit: Flickr While carrying out research on the impact of digital technologies for public procurement governance, I have realised that the deployment of artificial intelligence to promote sustainability through public procurement holds some promise. And it should then put that evidence base to good use.