Embedding Sustainability in Sourcing and Supplier Management

As sustainability becomes an integral part of business strategy, organisations are increasingly focusing on incorporating complex sustainability metrics into their sourcing and supplier management practices. This webinar highlights how technology can streamline processes, enrich supplier profiles with robust sustainability data, and enhance decision-making to drive sustainable sourcing outcomes.

Key takeaways include:

1. How are organizations embedding complex sustainability metrics into their supplier information, due diligence, risk, and performance programs
2. How technology streamlines process and enriches supplier profiles with robust sustainability data
3. Leveraging this sustainability data within sourcing processes to expose multiple scenarios with various value levers
4. Key action points to consider when scaling your sustainable sourcing programs
   

Sustainable sourcing is not a new concept; responsibly sourcing and procuring goods and services to minimize negative social and environmental impacts has hit the mainstream. Although the concept is established, there are still challenges to embed this concept into sourcing processes and execute this concept efficiently, scalably, and repeatedly. For the organizations that can solve these challenges, they stand to unlock considerable benefits including:

• Regulatory compliance stays ahead of regulations to avoid penalties, public denunciation, and reputational and legal risk
  
• Brand reputation by being socially responsible, business can attract new consumers and improve revenue
  
• Cost Avoidance by driving recycling, value engineering, waste reductions, and operational efficiencies organizations can avoid cost pressures
• Risk mitigation by evaluating your supply chain’s maturity within sustainability, exposing mitigation and avoidance opportunities before they become issues.