Sourcing and Procurement

The future of sustainable procurement services

The recent – and frequent – supply chain disruptions have forced procurement professionals to reevaluate their procurement management strategies and focus on building resilient, robust, and sustainable procurement services. Although a digital-first approach is likely to shape the future of procurement, modern businesses cannot ignore sustainability principles and practices. Focusing on strategies like setting clear sustainability goals, conducting supplier sustainability assessments, fostering stakeholder collaboration, and consistent monitoring and reporting can help businesses build a greener supply chain. With these strategies, they can reap the benefits of improved brand image and customer loyalty, long-term energy savings, and improved procurement efficiency while contributing to a greener future.

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