Oct 23, 2013Procurement Consulting – Brickwork Sourcing

Importance of Sustainable Procurement PracticesImportance of Sustainable Procurement Practices

Brickwork India (Confidential)

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Sustainable procurement is the process through which organizations buy assets, supplies or services by taking several factors into consideration such as social, environmental and financial aspects

The sustainable procurement process does not vary to a great extent from the traditional procurement process

It incorporates an initial stage to determine the effect of the procurement action followed with an additional stage at the end of the process to monitor and assess the net effect of the desired outcome

An important factor which needs to be considered during its implementation, is the nature of the sector where it is being executed

The advancement of sustainable procurement is vastly seen within the private and in a few countries, the local and national governmental sector

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Introduction

Long-term efficiency savings and financial benefits

More efficient and effective use of natural resources

Reducing the impact of hazardous substances on human health and the environment

Encouraging innovation and creating new, vibrant market

Providing strong signals to the sustainable products market

Practical expression of organizations commitment to sustainable development

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Potential Benefits

The Future Road

What began as green procurement integrating only environmental product criteria has grown to encompass social performance criteria as well as economic goals to further the concept of sustainable development

Sustainable procurement practices are being widely accepted and practiced in the private and public sector

There exists tremendous potential and opportunity for this concept to grow

Brickwork Sourcing provides end-to-end procurement research and consulting services to clients from all major continents. It specializes in assisting clients with low cost country sourcing as well as Indian market entry assessments.

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“The information contained in this document that includes text, graphics and links, are provided on an “as-is”, "with all faults" and "as available" basis and are without warranty of any kind. While Brickwork relies on sources that are believed to be reliable, it cannot rule out errors in judgment or application. The document is intended for “information” and “general guidance” purposes only.” Investment decisions and/or other decisions based on the conclusions and potential strategies mentioned in the document are not necessarily endorsed by the Brickwork management.”

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About Brickwork Sourcing

Brickwork is the pioneer of the Virtual Office business. We provide virtual support for businesses across the globe. Our well informed Remote Sourcing Analysts (RSAs) can provide support at any or all stages of your sourcing lifecycle. Your Virtual Sourcing Office can be a large team of analysts supporting large companies with established procurement processes or a one-man-show to function as your entire procurement office.

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THANK YOUTHANK YOUContact:info@brickworksourcing.com Sanjeeth HegdeIndia: +91 (80) - 4040 – 9999 (218 Ext)

13 April 2023

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