article thumbnail

Sustainable Logistics — The Ultimate Guide

Procurement Tactics

Sustainable logistics , also known as green logistics, refers to the processes and practices aimed at improving the sustainability of supply chain activities. These activities range from the supply of raw materials to the distribution and the management of the lifecycle of products. . Stakeholders engagement.

article thumbnail

Spot the mistakes Strategic Sourcing Framework

Procurement Templates

Stakeholder Engagement : It’s important to involve relevant stakeholders in the assessment process to ensure that their needs and preferences are considered. Stakeholders may include department heads, end-users, finance teams, and others who will be impacted by the procurement decisions.

professionals

Sign Up for our Newsletter

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

article thumbnail

What About Procurement Objectives?

Procurement Templates

Improve Transparency: Use dashboards and reports to provide real-time procurement updates to all stakeholders. Engage in Active Listening: Conduct regular meetings with stakeholders to understand their evolving needs and integrate feedback into procurement strategies.

article thumbnail

The Discovery of Procurement Value

The Good Spending

Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. Procurement must work closely with the supply chain to optimize depreciation exposure to sell or dispose of slow-moving or obsolete inventories. Moderation.

article thumbnail

Support Paper: ESG Health Check

Barkers Procurement

At Barkers our ESG Health Check concentrates on the activity within your supply chain. Assessing your supply chain performance is strategically important for your organisation as studies show that the majority (80%) of emissions and ESG risk lies in a business’ supply chain.

article thumbnail

How to build a successful procurement strategy

IBM Supply Chain Blog

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. Stakeholder engagement is key to ensure the strategy is well-planned and supported throughout the organization.

article thumbnail

Zip Forward 2024: Forging paths to sustainable success

Spend Matters

This last requirement may be rather technical, but the enabled capabilities allow for earlier, deeper and tailored stakeholder engagement to provide better experience/satisfaction, adoption — which, ironically, is a characteristic that Coupa has continually held as the North Star — spend compliance and influence on pre-sourced spend.