article thumbnail

Procurement and Sustainability: A Harmonious Partnership for a Greener Future

Procurement Templates

Risk Management : Supply Chain Resilience : Evaluate suppliers’ strategies for mitigating risks related to environmental disruptions, such as natural disasters or resource scarcity. Continuous Improvement : Assess suppliers’ commitment to ongoing sustainability improvements and goal attainment.

article thumbnail

The Impact of Digital Transformation on Spend Analysis

Empowering CPO

Collaboration and Stakeholder Engagement: Digital platforms and cloud-based solutions facilitate collaboration among procurement teams, suppliers, and other stakeholders. Stakeholder Engagement: Involve key stakeholders, including procurement professionals, finance teams, and IT personnel, in the digital transformation journey.