Sustainability is a critical piece of an organization's supply chain strategy. Beyond addressing disruptions, sustainability considers the protection of natural resources, the equitable treatment of workers, and community development beyond the enterprise. An organization’s procurement efforts should touch on all the components of sustainability. Sustainable procurement includes weighing the environmental, social, and ethical factors in the selection of suppliers and purchasing of products. Concurrently, it offers benefits such as efficiency, speed, and risk mitigation.
To determine whether organizations’ procurement functions have kept up with the needs of sustainability, APQC collected data from 1,181 global respondents on their organization’s procurement processes. The results indicate that procurement processes and systems have evolved over the last five years.
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