Sustainability

The Case for Changing the Chief Procurement Officer Role

Posted: 09/30/2020 - 23:19
Within your organization, have an open dialogue to explore how Procurement and the CPO role can evolve.

Procurement Sentiment and Observations

During this pandemic, many organizational CEOs and Board members have become aware of and startled by the inefficiencies and bureaucracies in their Procurement organizations. C-suite executives discovered their organizations were in predicaments with deep and broad implications none of us had previously fathomed. Most of us never imagined we’d need to find new suppliers, support, or transition from current ones to diversify for business continuity at the drop of a hat. 

Innovative Hybrid Technology Will Safeguard COVID-19 Vaccine

Posted: 09/23/2020 - 04:49
As the world invests billions to produce a Covid-19 vaccine, it is innovative hybrid technology that will ultimately ensure its effectiveness in this fight against the virus

Recent headlines are dominated by the news that the University of Oxford research team is seeing promising results from early trials of its Covid-19 vaccine candidate. Now we must turn our attention to the vital technology that ensures that doses of any viable vaccine reach locations in a state without the need for retesting.

It’s Time for IT to Transition to a Circular Economy

Posted: 07/24/2020 - 03:44
Sustainable Information Technology IT

With greater attention on sustainability and the direct need to meet climate goals, purchasers are looking for ways to change. One place to start is with the 170 million notebook computers produced and sold around the world every year. Rethinking an organization’s purchase and use of IT products like those notebooks can dramatically cut an organization’s carbon footprint – and save money - without affecting performance.

Why Sustainable Fashion is Key to Supply Chain Sustainability

Posted: 06/25/2020 - 00:59
Supply Chain Sustainability

When considering sustainability in the supply chain, the first concepts that typically come to mind are solutions like green warehouse space or fuel-efficient trucks.

Sustainability in the supply chain extends much further than that. In retail, for instance, the clothing and fashion industry have the opportunity to progress through building a more sustainable approach.

The current clothing retail climate is somewhat dominated by fast fashion, a practice of mass-producing clothing items cheaply, so they can be sold in the most cost-effective way possible.

Value Beyond Savings: 4 Ways Procurement Can Make An Impact

Posted: 05/22/2020 - 21:05
Procurement value

One of the most significant procurement trends we’ve seen so far in 2020 is delivering value beyond savings. So what exactly does this mean in the context of the function’s traditional goals?

Savings, as we all know, have long formed the foundation of procurement’s ROI to the organization. It’s been our primary charter over the years and is quite literally how the function has “paid its bills.”

What 100k Assessments Taught Us About Supply Chain Sustainability

Posted: 02/03/2020 - 00:00
Supply Chain Sustainability

At EcoVadis, we recently reached a major milestone on our road to improving sustainability and CSR performance across global supply chains — our 100,000th sustainability assessment. Since our first assessment in January 2008, we have collected data on more than 55,000 suppliers in 198 industries from 150 countries. Believe me, much has changed over the years.

As we look forward to our next 100,000 assessments, here is a look back at four things we’ve discovered.

Sourcing in the Circular Economy

Posted: 12/05/2019 - 09:51
Procurement plays a vital role in bringing new products and services to market, creating jobs and delivering economic prosperity for customers, stakeholders and shareholders. Sourcing plans identify value propositions, partnership and investment opportunities, new and emerging capabilities that have a substantial “positive” impact on the bottom line.

Can B2B Transactions Help Tackle Today’s Most Pressing Challenges?

Posted: 11/22/2019 - 05:17
The role of business is quickly changing. Consumers, employees and investors expect businesses to act sustainably with more transparency – while also giving back to the communities that they operate in. To drive corporate social responsibility and sustainability holistically, companies need to examine their actions and operations to ensure their day-to-day activities align with the organization’s larger corporate commitments.  
 

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