Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Sustainability. Unfortunately, sustainability and sustainable development are beginning to turn from green to grey, considering its ever-increasingly washed-out idealistic applications in business and society at large. Sit down 100 people and ask them, “What comes to mind you hear the word sustainability?” Businesses must serve as the champions of sustainability. Source Smarter.

Procurement Rising – The Time is Now

ivalua

Procurement’s stature has grown during the COVID-19 crisis as costs, cash flow and supply continuity quickly became top boardroom priorities and homepage news. Across the world, procurement leaders have risen to the challenge. Digitization is key to procurement transformation.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up.

Vanilla Sourcing in Madagascar

SCM Research

Practice Africa Corporate Social Responsibility Procurement Relationship Supply Chain Management Supply Chain Sustainability Video In a previous post, I demonstrated how Symrise creates added value beyond corporate boundaries by closely collaborating with vanilla farmers in Madagascar. Watch the following video, which highlights this approach from the perspective of Unilever, a buyer of Symrise’s aromatic compounds.

Responsible Sourcing Insights

SCM Research

Sedex is a nonprofit organization dedicated “to driving improvements in ethical and responsible business practices in global supply chains” Their new six-part “Responsible Sourcing Insights Films” series tackles key challenges in responsible supply chain management. Practice Corporate Social Responsibility Procurement Supply Chain Management Supply Chain Sustainability Video

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. With that, global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions , eliminating slave labor , avoiding plastics , conserving water used in production , tapping into renewable energy sources and more.

Sustainable procurement: a platform to rebuild

Proxima

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. The emerging truth was that sustainability was finding its way into corporate purpose. The nagging doubt was that “sustainability sells” and that many were seeing it as a trend to capitalize on rather than a movement to commit to wholly. The future is still sustainable.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. However, while technology evolves to allow better tracking of carbon footprint, there’s a potential to substantially improve overall with sustainable logistics by addressing a less often discussed but insidious problem. There’s an alarming paradox in the world of consumer packaged goods sustainability.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

Sustainable Procurement Finally Getting Its Own Standard

NC State SCRC

A new post discussed the development of a sustainable procurement standard developed by the International Standards Organization. ISO 20400 , Sustainable procurement – Guidance, has just reached a second draft international standard stage, meaning interested parties can submit feedback via their ISO member on the draft before final publication in 2017. It’s about time that the concept of sustainable procurement has a standard established around it.

Collaboration, Procurement with Purpose and the Entente Cordiale…

ivalua

Last week, round 40 Procurement leaders got together in the very pleasant surroundings of the Royal Lancaster Hotel in London to talk about collaboration, and to celebrate Ivalua’s increased presence in the UK. The Procurement technology firm was founded in France in 2000 and has become very strong in the US, as well as in its homeland and other continental European countries. The post Collaboration, Procurement with Purpose and the Entente Cordiale… appeared first on Ivalua.

How Can Advanced Sourcing Help Your Business?

EC Sourcing Group

There are many terms when it comes to all levels of procurement management, which is a smaller part of the overall supply chain. Many companies and organizations have delved further, looking to tools such as advanced sourcing optimizers; to streamline this part of procurement management.

A Humble 2020 Procurement Resolution – Transform the World 

ivalua

For Procurement leaders, that typically translates into saving a few percent here. For Procurement leaders today, those missed opportunities can be great. Ikea is a leader with plans to ensure a sustainable supply chain. But for the most part, Procurement objectives remain too incremental rather than transformative. . So how can Procurement leaders drive such change? Digitization of Procurement and supply chain is an area that is ripe for incrementalism.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. Being responsible, being sustainable, being also about what products it is focusing on in terms of meeting core demand. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

McDonald’s Risky Commitment to a Cage Free Eggs Supply Chain

Logistics Viewpoints

Food & Beverage Industry Procurement/Sourcing Sustainability McDonald's sourcingMcDonald’s announced a 10-year plan to produce cage free eggs. The Fortune article is mainly a turnaround story. But this turnaround depends upon a supply chain transformation.

Paving the Way for Sustainable Public Procurement

EcoVadis

Directing this spending toward more sustainable goods and services can have a huge impact on sustainability performance across the world, helping drive innovation and transition toward a green economy. Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards. Comprehensive Sustainability Ratings.

eWorld Procurement & Supply – 22 September 2015

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. The UK’s most comprehensive business forum for Procurement, Sourcing and Supply Chain Technologies. Since 2001, eWorld Procurement & Supply has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Soft skills for procurement professionals. Sustainable procurement strategies.

Sustainable Supply Chain Summit 2015, 10-11 November London

Supply Chain Movement

Sustainable Supply Chain Summit 2015. Europe’s leading meeting place for corporate leaders delivering supply chain sustainability. Back now for its 10th year, it’s the go to event for professionals working in supply chain, procurement, sourcing, sustainability or CSR. Confirmed speakers include: AkzoNobel , Director Procurement, Dick Bartelse. Olam International , Head – Corporate & Sustainable Communications, Briony Mathieson.

Using Satellite Imagery as a Data Source to Improve Supply Chain Management

Logistics Viewpoints

There are potential uses surrounding procurement, sustainability, and strategic planning. The post Using Satellite Imagery as a Data Source to Improve Supply Chain Management appeared first on Logistics Viewpoints. Satellite imagery data represents another data set that may have the potential to improve company’s supply chains. Supply Chain Planning Satellite imagery

Bangladesh Catastrophes Drive Ethical Sourcing Initiatives

Logistics Viewpoints

Sourcing to low cost destinations is not a new development and Bangladesh has been a favored destination of apparel brands and retailers. This incident, and three others during 2013-14, challenged the sourcing strategies of large […]. Procurement/Sourcing Sustainability Rana Plaza Sustainable sourcing

Is Your Supply Base Employing Slaves?

Logistics Viewpoints

How can companies insure that companies they source from are not engaged in slave labor? Procurement/Sourcing Regulations Supply Chain Risk Management Sustainability global sourcing slave labor social responsibilityMultinational companies can have thousands of Tier 1 suppliers, and in the extended multi-tier supply chain it could be hundreds to thousands of upstream suppliers.

Understanding the Importance of Strategic Sourcing

USC Consulting Group

Sourcing is a key component of your Supply Chain – perhaps the most important part. As companies are navigating an increasingly turbulent yet robust economic climate, businesses in manufacturing, mining and metals, food and beverage, and other industries are looking for ways to reduce raw material procurement spending and offset rising material costs. That’s where Strategic Sourcing comes into play. An important lever for modern organizations.

What’s the role of data in ‘Bad buying’ and ‘Procurement with Purpose’?

HICX Solutions

An Interview with Peter Smith on ‘Bad Buying’ and ‘Procurement with a Purpose’. HICX was pleased to welcome Peter recently to our interview series on data in Procurement, in which we asked him more about his book, as well as his other project, ‘Procurement with a Purpose.’

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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

Sustainable Supply Chains Requires Effective Supply Management Capabilities!

Supply Chain View from the Field

Globalization has created the emergence of sophisticated supplier networks, creating management challenges as exposure to volatility and complexity of global sourcing has emerged. Opaque supplier networks leaves supply networks exposed to environmental or labor practices that are non-compliant with enterprise sustainability objectives and codes of conduct. As a result, sustainability has become a serious issue for retail behemoths and brand names.

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. Professor Schoenherr is the expert in procurement and decision making and he will provide some guiding principles that practitioners can use to create more sustainable competitive advantage. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.

Category-based Procurement

Claritum

Claritum Article - Procurement Blog. Project and Category Procurement Differences. Category-based Procurement Examples. The Inherent Challenges of Category-based Procurement. Characteristics of good Category Procurement Activity. The first two articles covering Bespoke Procurement and Project-based procurement. I, therefore, chose to keep this article at the highest level and explore the nature of category-based procurement. Sustainability.

Project Based Procurement

Claritum

Claritum Article - Procurement Blog. Project and Category Procurement Differences. Table of the key differences between Project and Category based procurement. Types of activity suitable for Project based procurement. The inherent challenges of project-based procurement. Characteristics of good Project Procurement activity. Project-based procurement occurs when there is a specific project activity and goal. Transactional procurement and expediting.

Ivalua Study: Tech Challenges Hinder Procurement

ivalua

New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. 31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement. The post Ivalua Study: Tech Challenges Hinder Procurement appeared first on Ivalua

Study 100

The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. It’s important that procurement teams take into account the new risk reality and challenges that face them, their organizations and their value chains.

Corporate Sustainability: Why Procurement Should Pave the Way

Jaggaer

Talk of corporate sustainability and responsibility is higher than ever. In it, they redefined the role of business away from simply supporting shareholders, instead stating that a company has an obligation to “protect the environment,” and “deal fairly and ethically with suppliers. ” This shift is just one indication that businesses are increasing emphasis on corporate sustainability amid social and market pressures. Get the details on building sustainable supplier relationships.

How Procurement can help to drive Supplier-led innovation

ivalua

Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. This simply isn’t sustainable; as the collapse of Carillion last year showed , a relationship where suppliers are pitted against each other to reduce margins and lower their bids for unprofitable projects can have dire consequences. . Procurement is essential for organisations looking to build relationships. Procurement must refocus to foster, rather than block innovation.

Procurement Predictions for 2021 - Claritum

Claritum

Claritum’s top ten 2021 predictions for Procurement. Medium sized organisations will use procurement automation and buyer portals in the cloud, to address concerns of spend management, remote working and data security.

Hey Procurement! It’s Time to SELL!

Supply Chain Game Changer

The Procurement, or Purchasing, function is considered by many to be a necessary but non-strategic part of any organization. But there is a profoundly significant Procurement value chain. This is not to say that they believe Procurement doesn’t play a role, but rather that they don’t view Procurement as playing a critical role beyond cutting costs and finding suppliers. Procurement is strategic! Now is the time for Procurement to SELL!

ISO 20400: Building Value Through a New Standard for Sustainable Procurement

EcoVadis

No matter what industry you operate in, procurement can create immense value — in some sectors, for instance construction, as much as 80 percent of revenue goes into the supply chain. It is not surprising then that not only procurement professionals but also CEOs and heads of public organizations are increasingly looking for ways to understand their supply chains. Section 6 of the ISO 20400 also provides organizations with guidelines on sustainable procurement reporting (6.5.2