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Sustainability And Supply Chain Management

oboloo Glossary

Sustainability And Supply Chain Management

Sustainability and Supply Chain Management in procurement is an integrated and sustainable approach to the sourcing, design, selection, purchasing, procurement and management of goods and services. It involves a deep understanding of how to manage social and environmental impacts of supply chain activities while optimizing economic value. With its focus on considering longer-term strategic and operational objectives, Sustainability and Supply Chain Management in procurement can benefit organizations by improving their competitive position, enhancing stakeholder trust, creating product differentiation and reducing risk exposure. The goal of this approach is to create true business value by ensuring the efficient delivery of goods and services along with improved cost savings and increased sustainability performance over time.

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