30.2 C
Singapore
Thursday, September 16, 2021
HomeProcurementCrucial Factors for Sustainable Procurement

Crucial Factors for Sustainable Procurement

The objectives of the organization must be aligned such that all functions, including procurement and supply chain can work towards the same goals of corporate sustainability and not struggle with each other. This may be done at the controlling levels to drive growth, capital and risk management and provides as a universal point to get launched. It is no longer decent to have a generic CSR (corporate social responsibility) policy in the company such as having power saving elements in the plant, using low transmission delivery trucks or having your staff come forward at the local community centre.

The Transparency Factor

Being clear about the all procurement process with everyone carry out is a key factor in sustainability.All members should be mindful of their own different roles within the proceeding. They should also be kept up to date on the general goals of the inclusive project, so they can see how everybody else contributes to the bigger picture. Transparency also demonstrates honesty and made up trust among your partner and beneficiaries.


The full content is only visible to SIPMM members

Already a member? Please Login to continue reading.


Chin Pei Sze Angelene, DPSM
Chin Pei Sze (Angelene) has several years of experience in the field of procurement, specifically in ship supply sourcing and procurement tender. She is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM). Angelene completed Diploma in Procurement and Supply Management (DPSM) on June 2020 at SIPMM Institute.
RELATED ARTICLES

Most Read