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Sustainable Supply Chain Model

oboloo Glossary

Sustainable Supply Chain Model

The official definition for a Sustainable Supply Chain Model in Procurement is a management approach that considers the full range of economic, social, and environmental impacts throughout the life cycle of goods and services. This model promotes responsible use of resources and takes into account long-term sustainability when making purchasing decisions. It also encourages collaboration between suppliers and buyers to ensure mutual benefit, with the ultimate goal of creating mutually beneficial, sustainable partnerships. Ultimately, this model seeks to promote better decision-making and more efficient resource use, as well as ensuring that businesses are environmentally responsible, socially conscious, and economically viable.

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