Strategic Focus: Digital Solutions For Sustainable Procurement
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Executive Summary
Sustainable procurement provides an opportunity for suppliers to align sustainability goals and commercial outcomes. It generates cost savings and new opportunities, while mitigating environmental and social risks. However, sustainable procurement practices are often stalled by a lack of internal buy-in, price volatility, data silos and gaps, and poor visibility across the supplier network. To overcome these barriers, a growing range of digital tools are offering key strategic support for firms to balance short-term, cost-effective decisions with long-term sustainability success. This report explores the value and challenges of sustainable procurement and provides insights into relevant technology options that can support the integration of sustainability factors into procurement decision-making.
Figure 1. Traditional cost-focused procurement workflow
Figure 2. Collaborative workflow for sustainable procurement
Figure 3. Corporate examples of sustainable procurement programmes
Figure 4. Sustainable procurement: benefits and example initiatives
About the Authors
Elisa Molero
Industry Analyst
Elisa is an Industry Analyst at Verdantix, specializing in supply chain sustainability. Her research covers 100 vendors in the supply chain sustainability market, supporting b...
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Callum Millard
Analyst
Callum is an Analyst at Verdantix, helping firms navigate the evolving ESG, sustainability, product innovation and product stewardship landscapes, to drive value creation and ...
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a...
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