29.6 C
Thursday, September 16, 2021
HomeProcurementKey Success Factors for Sustainable Procurement

Key Success Factors for Sustainable Procurement

Organizations that seek to integrate sustainability into their business practices and strategies are increasing.  Social and environmental factors are top priorities to be embedded into procurement and buying functions, to create a sustainable procurement strategy.  The procurement strategy will strengthen partnership and facilitate smooth integration. 

To obtain best-value prices, procurement professionals have to provide opportunities for potential suppliers to quote, and to adopt a professional strategy towards negotiation.There is an increase focus on evaluating how a company is deemed to have implemented sustainable practices successfully and voluntarily.  The impact on ecological, social, and economic environment, is now the inevitable focus.

We work towards a positive impact on people, society and the planet, balancing economic growth and positive social impact with environmental protection and regeneration.  These will, in the long run, be able to meet the needs of people without compromising the needs of future generations.

The full content is only visible to SIPMM members

Already a member? Please Login to continue reading.

Cynthia Wong Mei Kuen, ADPSM
Cynthia Wong has extensive years of experience in the field of procurement and supply management, and specifically in the semiconductor industry. She is a member of Singapore Institute of Purchasing and Materials Management (SIPMM). Cynthia completed the Advanced Diploma in Procurement and Supply Management (ADPSM) on January 2021 at SIPMM Institute.

Most Read