article thumbnail

Decoding the Impact: Unveiling the New Government Procurement Act

SCMDOJO

Key Differences: EU: Strongest on cross-border procurement and sustainability. Another critical improvement is the emphasis on sustainability and social responsibilityareas previously overlooked. This progressive approach not only enhances economic efficiency but also strengthens communities and promotes sustainability.

article thumbnail

Corporate Social Responsibility — Everything You Should Know

Procurement Tactics

Thus, why sustainable procurement is brought up whenever businesses talk about corporate social responsibility. . Lego’s sustainability initiatives. Also, its commitment to sustainability extends beyond its partnerships. . Google’s commitment to sustainability. What is sustainability in business?

Ethics 209
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

Here are some additional tips to consider for driver training: Emphasize the importance of the program to drivers and demonstrate the potential cost savings and environmental benefits of improved vehicle efficiency (DfT, 2002). Remember, even small improvements in vehicle efficiency can yield substantial benefits over time.

article thumbnail

The history of ESG: A journey towards sustainable investing

IBM Supply Chain Blog

Social Investment Forum (SIF) Foundation took inventory of all the sustainable investments in North America. This helped normalize the practice of ESG reporting and by 2002, 245 companies had responded to the 35 investors who asked for climate disclosures. In 1995, the U.S

article thumbnail

CPO Spotlight: Magdalena Shakallis

Procurement Heads

The first company I applied to for work, back in 2002, did some tests about my profile and the outcome suggested I would be a good fit for procurement. As a fellow Sustainable Procurement Pledge Ambassador, how do you think procurement can drive the sustainability agenda in the business? Procurement chose me.

article thumbnail

Measuring Transportation Vehicle Utilization: The KPIs

SCMDOJO

To stay competitive and sustainable, businesses must maximize their transportation vehicle utilization. This leads not only to cost savings and increased efficiency but also contributes to a greener and more sustainable supply chain. Indicators for Sustainable Transport. Supply Chain Benchmarking 2003. Kearney, A. Mackie, P.

article thumbnail

The Difference Between Supplier Relationship Perception And Perspective – ADOPTION!

Procurement Insights

Information technology plays a significant role in supporting relationships between the customer and the supplier using electronic data interchange to share data between both sides, this technology provides fast, accurate information and business efficiency to the firm ( Mulligan and Gordon , 2002). But that is a discussion for another day.