Procurement Sustainability Metrics

ivalua

The post Procurement Sustainability Metrics appeared first on Ivalua

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.

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Sustainable Supply Chains: A Country Comparison

SCM Research

The global not-for-profit organization CDP (formerly the Carbon Disclosure Project) has published a report: Supply Chain Sustainability Revealed: A Country Comparison. The report reveals that suppliers in France, the UK, Spain and Germany are identified as the most sustainable ones, whereas suppliers in China, Italy and the U.S. Practice Globalization Procurement Report Supply Chain Management Supply Chain Sustainability

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.

COVID-19 hindering sustainability initiatives, reveals research

ivalua

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. The research, conducted by Vanson Bourne on behalf of Ivalua, surveyed 200 UK-based procurement, supply chain and finance professionals about managing sustainability initiatives and environmental concerns in the supply chain.

Supply Chain Sustainability: If a leopard can’t change its spots, can supply chains ever be sustainable?

All Things Supply Chain

Would they even want to change them… General Supply Chain Management Supply Chain Sustainability logistics procurement production supply chain management supply chain sustainabilityThey say a leopard can’t change its spots but if they could, how would they change them? What color would the spots be?

Procurement can’t afford to be a digital laggard in today’s complex landscape

ivalua

Leading the charge in navigating this constantly shifting trading environment is the Procurement department. Procurement teams are becoming a more intrinsic part of business strategy, able to help organisations manage and predict supply chain risk, unlock innovation, create sustainable cost savings, and help grow revenue. However, as things stand, many Procurement teams aren’t digitally mature enough to provide this input to the business. Alex Saric, CMO, Ivalua.

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.

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.

Why Agility and Creativity are the New Vital Procurement Drivers  (but don’t sacrifice “effectiveness”)

ivalua

Peter Smith, Managing Director at Procurement Excellence Ltd. If Procurement people, functions and organisations are going to be successful, it is obvious that we have to adapt to the changing wider business and social environments. Whilst we might question why there aren’t more CPOs on the Board and so on, there are far more Procurement professionals than 50 years ago, and the profession is much better recognised and established.

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.

When is it Time to Invest in Procurement Technology?

Jaggaer

Or it may be an executive mandate driven by a leadership change or the arrival of an individual who understands the earnings contributions or growth that a well-run procurement organization can deliver to an enterprise. No Time Like the Present for Procurement Technology.

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.

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.

How Procurement can help to drive Supplier-led innovation

ivalua

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. . Alex Saric, Chief Marketing Officer, Ivalua.

Procurement: With Great Power Comes Great Responsibility!

Supply Chain Game Changer

Hey Procurement! ” Procurement organizations can have the power to spend and control as much as 75-80% of a company’s revenue. Less enlightened organizations still think of Procurement as a back office function processing transactional purchase orders and standard contracts.

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. It’s important that procurement teams take into account the new risk reality and challenges that face them, their organizations and their value chains. Operational procurement?

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

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

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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.

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!

Unleash the Power of AI to Unlock the Potential of Procurement Enterprise

Jaggaer

Now, as companies start to seek, and create competitive advantages, the procurement function is in the spotlight. Typically, resistant to change and reliant on manual methods, procurement departments tend to be slow when adapt ing to technological developments. Autonomous Procuremen

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.

Transform your supply chain’s sustainability impact by going beyond operational constraints

DELMIA Quintiq

Here in part two, I will highlight how more drastic shifts to supply chain networks and operations can have a larger impact on sustainability. Most would require a lengthy procurement period and perhaps an even longer rollout phase. However, there will be companies that have already deployed sustainability efforts and are looking to further increase efficiency and transparency beyond the existing constraints of their network.

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

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. Subscribe Here!

Sustainable Purchasing & Supply Summit 2015

Supply Chain Movement

Sustainable Purchasing & Supply Summit 2015. The first UK conference to present an holistic view of sustainable procurement and the role of the supply chain in more responsible business and government. This unique one-day forum is organised with Chartered Institute of Procurement & Supply (CIPS), providing senior executives with a strategic view of the impact of their procurement and supply chain operations on the environment and society as a whole.

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.

eWorld Procurement & Supply 2016

Supply Chain Movement

eWorld Procurement & Supply. The Leading Bi-Annual Event for Procurement Innovation. Since 2001, eWorld Procurement & Supply, in association with Chartered Institute of Procurement & Supply, has provided a unique insight into the latest innovations and technologies for senior procurement, supply chain and finance executives. Procurement Automation. Internet of Things (the impact on procurement). Social Media for Procurement.

Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? We have worked in hundreds of different industries and spend areas over many years in thousands of procurement projects.

The procurement Summit 2016

Supply Chain Movement

The procurement Summit 2016. Launched in 2014 and brought to you by the eWorld Procurement & Supply team, The Procurement Summit will provide senior purchasing, sourcing and supply chain executives across the North of England with an unmissable opportunity to keep up-to-date with the latest industry innovations, best practice and new technology solutions. The Procurement Summit will provide: Educational seminars on the latest industry issues. Procurement Metrics.

Lessons from Leaders: Tools and Tactics that Drive Sustainable Procurement ROI

EcoVadis

Data from this year’s Sustainable Procurement Barometer shows there’s a clear ROI for moving along the sustainable procurement maturity curve. . Also, 35 percent of those in this year’s “leaders” category said revenue growth for sustainable offerings was greater than the rest of their business, compared to 18 percent of the general population. . Looking for a quick and easy way to determine how mature your procurement organization is?

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Blue Yonder: A Culture of Sustainability

Supply Chain Nation

We know that COVID-19 has been at the forefront of peoples’ minds this year, but consumer concerns about environmental and sustainability issues will continue to shape the future of supply chain management for decades to come. With the adoption of the United Nations 2030 Agenda and Sustainable Development Goals (SDGs), we have entered a period where the world’s nations have committed to ending global poverty, protecting our planet and promoting quality life for all.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". As I’ve mentioned in previous articles supplier relations are an essential component of a sustainable and functional supply chain. Procurement

Ivalua NOW Part 2 – Re-Imagining Offices and Transforming Procurement

ivalua

This, he said, was an example of using procurement to drive competitive advantage and revenue. By building the marketplace, which is powered by Ivalua technology, JLL’s technology and procurement skills are leveraged for the benefits of their customers. He asked stakeholders and procurement staff where they thought the firm was in terms of procurement maturity. He believes that you must “come with a clear procurement value proposition”.