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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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Supplier Order Management Software – Everything You Should Know

Procurement Tactics

Sustainable Procurement Maintain high profitability while moving toward sustainability 4. In this article, we will explore what supplier order management software is, its benefits, and some of the best software options available in the market. Supplier Order Management Software: What it is?

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. They consider factors—like supplier performance or sustainability —that support long-term partnerships, advance business needs and increase purchasing power.

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Supply chain visibility in the energy and utilities industry

IBM Supply Chain Blog

Visibility. Visibility into other key inventory (e.g., Automate to ensure consistent service levels Without real-time demand sensing combined with visibility into performance across supplier networks, increasing grid/energy demands for consumers and growing communities can lead to product excess or shortages.

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What is supply chain sustainability?

IBM Supply Chain Blog

Your customers, employees and shareholders want to know you have a plan to address supply chain sustainability. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market.

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Building a sustainable automotive supply chain

IBM Supply Chain Blog

For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers. 3 tips for accelerating the path to a more resilient and sustainable automotive supply chain 1. A lack of MRO inventory visibility can lead to a lack or obsolescence of key parts. Why is this happening?

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#1! Are you a Supply Chain Digital Champion?

ivalua

Consumers also expect transparency – in product origin, quality standards, and how organizations are improving their environmental and sustainability efforts. . Digital supply chains use one integrated network for all relevant supply chain partners, including procurement, suppliers, service providers, and even customers.