Traditionally thought of as just being responsible for dollars and cents, the function of today’s procurement team goes much further than purchasing supplies needed to run an organization’s day-to-day operations. Beyond managing the entire supply chain process, their responsibilities have expanded in the wake of the Corporate Social Responsibility (CSR) movement.
Corporate social responsibility (CSR)
Supply chain management and procurement are fields commonly misunderstood by many. The contribution of these fields to any business or their perception as a career option is governed by many misconceptions.
In this article, some of the common myths about supply chain management and procurement will be explored. The purpose of this is to get rid of the common myths around these fields and to help you get a better understanding of the profession.
For businesses across the globe, sustainability used to be a “nice to have,” but now the view has shifted. It’s a “must have — or else.”
Legislation regarding the environment, modern slavery and other sustainable procurement laws are coming into force at a breakneck pace. By embracing change now and adopting ethical and sustainable procurement, organizations can get ahead of the curve. Also, this socially responsible commerce movement is being thrust into the forefront of how business will operate moving forward, given the guidelines for the recent stimulus bill passed in the U.S.
In 2020, you can bet your bottom dollar that consumers won’t be spending theirs on your products if you aren’t striving to operate sustainably.
For years, naysayers have argued that the consumers who say they want sustainable products aren’t actually willing to part with the extra cash to acquire them, opting for fast-fashion and plastic packaging over higher price points. Recent research proves this is simply not the case.
The COVID-19 crisis has brought us to a moment of reckoning. Today, it’s clear that the world’s most pressing challenges can’t be solved by governments alone. Society is turning to businesses to help with critical issues like access to food, health services and supplies, educational materials and economic support.
Can you outline why your team embarked on this project and the problem that needed to be solved?
In this episode of the Sourcing Industry Landscape, Dawn Tiura interviews Celia Landesberg. Caring about the environment is embedded in the fabric of Celia’s personality since she was a young child. She was thinking about supply chains before she knew what one was.