Ignite’s Post

Thank you, KPMG, for the valuable insights provided in your assessment of the future of procurement, based on the KPMG 2023 Global Procurement Survey. The survey features responses from 400 senior procurement professionals, offering a comprehensive view of current trends and future directions in the procurement landscape. Below are three key highlights from the presentation: "Procurement is at an exciting turning point, where the benefits of strategic, technological, and operational improvements are potentially significant. If procurement functions can seize these opportunities, they can make a major contribution to organizations’ financial and non-financial performance." "ESG should be a high priority for procurement professionals, with an all-encompassing impact on organizational reputation, customer loyalty, innovation, cost savings, risk management, and social impact of the procurement function." "As the concept of a circular economy takes hold, procurement could seize a vital role at the centre of circular development, from supporting product design through to sourcing. Integrating ESG into procurement requires a comprehensive analysis of all activities, including gap assessments, to enhance supply chain visibility, adopt a circular approach, decarbonize, and collaborate with industry peers. Although this transformation may be costly and time-consuming, it also offers opportunities to make supply chains more resilient to climate change" You can find it here: https://lnkd.in/dh8qk5U9 #KPMG #Futureofprocurement Jos Joos Peter Liddell

A Deloitte survey with Global Chief Procurement Officers in 2023 found that 𝟳𝟮% of CPOs have enhanced their ESG efforts to maintain operational efficiency which is a significant increase from 2022’s result of only 𝟲𝟴% CPOs finding ESG strategies important. Reach out to us to discuss your ESG initiatives with our senior consultants - https://lnkd.in/gcmDcfAa #procurement #ESG #businessgrowth #technology

Join this webinar to learn more about the scope 3 community 🌳

Scope 3 - leading supply chain sustainability efforts? Heading responsible sourcing focusing on emissions on supply side? Do you have NetZero and other sustainability targets in place and in need of external inspiration and sparing? Consider to join our Scope 3 Community- listen in at the webinar on the 20th March and decide from there. Now with link. Look forward to see you. #responsiblesourcing #sustainablesupplychain #scope3

A great topic that is top of mind for many of our clients. Don’t hesitate to register! #deloitte #deloitteconsulting #scope3 #scope3emissions #procurement #procurementtransformation #sustainabilty #esg #esgexcellence

My most interesting read of the week? This freshly pressed point of view by Capgemini wherein they share the foundation for implementing #SustainableProcurement operations. In this paper, they also stress on how connecting your organization’s sustainability goals with your procurement policy and sustainability initiatives can help you drive sustainable process design and transformation across your entire procurement lifecycle. I am linking it for you here: https://lnkd.in/dGpAte_h #ConnectedEnterprise

"Compliance is the minimum requirement, but you can go all the way to strategic leverage for resilience and growth." - David McClintock At this year's #SievoFriends, David McClintock of EcoVadis and Janne Katainen of Accenture highlighted the importance of moving beyond compliance to integrate sustainability into procurement strategy: 🔍 Enhancing supply chain visibility 🌱 Developing green procurement skills 🤝 Collaborating closely with suppliers to cut carbon emissions Check out our blog post for 6 key takeaways to help you make sustainable procurement a strategic advantage. 👉 https://lnkd.in/dq2t4kh5 #procurement #sustainability #SupplyChain

A Deloitte survey with Global Chief Procurement Officers in 2023 found that 𝟳𝟮% of CPOs have enhanced their ESG efforts to maintain operational efficiency which is a significant increase from 2022’s result of only 𝟲𝟴% CPOs finding ESG strategies important. Reach out to us to discuss your ESG initiatives with our team - https://lnkd.in/gcmDcfAa #procurement #ESG #businessgrowth

Supply Chain Radar – Sourcing & Procurement Insights # 4 🚀♻ Did you know that according to recent studies, only 46% of CPOs globally required suppliers to meet specific ESG criteria?   However, a growing acknowledgement of procurement’s role in creating ESG emphasis, alongside Norway’s recent changes in legislation focused on climate & environment, makes us remain hopeful that the number has increased since then.   Our Finnish colleagues recently published an article emphasizing procurement as a value driver towards ESG (https://lnkd.in/dgvXgZzb). By focusing on the three sustainable pillars (1) reuse, (2) recycle and (3) reduce, procurement professionals can significantly contribute to a more sustainable and ESG-friendly reality.   Further, Deloitte’s 2023 CPO survey highlights that developing close relationships with suppliers in less developed countries may greatly impact your organization’s ESG footprint. In discussions on how to promote ESG to suppliers in countries with a less developed legislative system, I strongly support my Nordic colleagues Marta Malik & Julia Jokinen in suggesting improved supplier engagement and the use of back-to-back contracts.   As you are now scrolling LinkedIn, why don’t you take 3 minutes to reflect on how you can positively influence ESG in your respective role? 🤔💡   #ESG #Sustainability #SustainableProcurement #Procurement #Supplychain #Sourcing #CPOsurvey #Deloitte   Sara K. Grongstad Frithjof Grønlien Julie Frengen Axel Severin Cappelen Hedda Oppedal Olsen Sofie Mørk Stabell-Johansen Henrik Knak Ole Petter Breiteig Upadhyay Varun Karin Näslund Jille Luijckx Dennis Leonhard Schulz Anders Magnus Løken Hanne Solem Julie Elisabeth Smith-Syvertsen

My most interesting read of the week? This freshly pressed point of view by Capgemini wherein they share the foundation for implementing #SustainableProcurement operations. In this paper, they also stress on how connecting your organization’s sustainability goals with your procurement policy and sustainability initiatives can help you drive sustainable process design and transformation across your entire procurement lifecycle. I am linking it for you here: https://lnkd.in/dBb48yuZ #ConnectedEnterprise