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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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:[email protected] Sanjeeth HegdeIndia: +91 (80) - 4040 – 9999 (218 Ext)
13 April 2023
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