What Is Sustainable Procurement and Why Does It Matter?
Sustainable procurement embeds environmental, social, and economic criteria into buying decisions, moving beyond traditional cost‑only models. Companies adopt it to address climate change, resource scarcity, and rising stakeholder expectations. The approach delivers risk mitigation, long‑term cost efficiencies, and compliance with regulations such as the EU Green Deal. Implementing clear objectives, supplier engagement, and technology like blockchain are key to successful adoption.
Is Single Sourcing, or Sole Sourcing, Dead?
The COVID‑19 pandemic highlighted the fragility of supply chains that rely on single or sole sourcing, as lockdowns and demand spikes caused widespread stockouts. Single sourcing can secure lower prices and simplify supplier management, but it leaves firms vulnerable when...
Who Is Your Best Supplier?
The article argues that many procurement teams lack the data needed to identify their best suppliers, despite the strategic importance of supplier performance. It proposes a three‑step framework—clear KPIs, right data sources, and business‑intelligence tooling—to modernize supplier evaluation. By centralizing...
