Procurement has evolved beyond cost-cutting to focus on responsible purchasing as part of broader organizational goals, emphasizing sustainability in the supply chain. Conducting comprehensive supplier audits helps identify areas for improvement and align procurement strategies with sustainability objectives.
Early stakeholder engagement and comprehensive training are essential for buy-in and achieving responsible purchasing goals. Building strong relationships with suppliers supports sustainability efforts and mitigates business disruptions, as seen in diverse organizational examples like Pacifica Senior Living and Nottingham Trent University.
Incorporating responsible purchasing is crucial for competitive advantage and meeting net zero targets. By setting measurable goals and nurturing partnerships, organizations can make significant impacts financially, socially, and environmentally through strategic procurement practices.
👉 Pročitaj original: CIO Magazine
