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Sustainable Supply Chain Strategy

oboloo Glossary

Sustainable Supply Chain Strategy

Sustainable supply chain strategy in procurement is the practice of taking into consideration social, environmental, and economic factors when sourcing materials and making purchasing decisions. This approach helps to ensure that the organization is not only sourcing sustainably and ethically, but also economically viable. It aims to reduce the negative impacts of production processes on people and the planet, while also considering how purchases can promote long-term success for the company by conserving resources, avoiding high costs, and establishing more efficient supply chains. Ultimately, sustainable supply chain strategy in procurement is about taking a holistic view of the entire process – from start to finish – and creating strategies that will benefit everyone involved.

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