30.1 C
Sunday, January 16, 2022
HomeProcurementEnsuring Sustainable Practices in Procurement for Effective Supply Management

Ensuring Sustainable Practices in Procurement for Effective Supply Management

Today, companies are beginning to realise the importance and impact of sustainability in procurement on the well-being of the organisation. However, there are some that do not fully understand what sustainability in procurement actually entails and how this can be implemented effectively in the organisation.

With a clear understanding of sustainability in procurement, a company can save cost and apply these non-value added costs to the right place at the right time with the right products. This will bring about sustainable growth for the company and enhanced ethical considerations for corporate procurement.

Adopting Sustainability Practices for Procurement

Sustainability is not just a key role as a policy. The concept encourages procurement to make decisions that encompass the environmental, economic and social elements of the Triple Bottom Line.

The full content is only visible to SIPMM members

Already a member? Please Login to continue reading.

Winky Lim, ADPMM
Winky Lim has several years of experience in the field of procurement and supply management, in particular the Oil & Gas sector. She is a qualified member of the Singapore Institute of Purchasing and Materials Management (SIPMM). Winky is currently completing a course at SIPMM Institute on Advanced Diploma in Purchasing and Materials Management (ADPMM).

Most Read