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.