Sedex’s Post

Procurement: Driving Efficiency & Sustainability 📦 Procurement has become a key driver of not just cost efficiency, but also sustainability and strategic value in today’s global economy. From improving supplier relationships to fostering ethical sourcing, procurement plays a crucial role in building resilient, responsible supply chains. It's exciting to see how procurement is evolving to meet new challenges, helping businesses achieve both operational excellence and a positive environmental impact. 🌱 #Procurement #SupplyChainManagement #Sustainability #StrategicSourcing #OperationalExcellence #TradeandRetail #TextileEngineering

In today's dynamic market, procurement professionals must prioritize engaging with a diverse range of suppliers. Expanding the supplier pool not only ensures sustainability but also mitigates risks of supply chain disruptions, safeguarding against operational downtimes. Embracing this approach strengthens resilience and adaptability, essential for thriving in an ever-evolving business landscape. #Procurement #SupplyChain #Sustainability #BusinessContinuity

Historically, procurement has prioritized three key considerations in strategic sourcing decisions: quality, service, and price. Given rising environmental risks and changing consumer sentiment, it’s time to place sustainability, as a fourth dimension, at the center of your sourcing strategy. https://buff.ly/3wXv9O7 #supplychain #logistics #cscmp

𝐈𝐬 𝐲𝐨𝐮𝐫 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐫𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐚 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐦𝐚𝐤𝐞𝐨𝐯𝐞𝐫? 𝐒𝐮𝐦𝐦𝐞𝐫'𝐬 𝐭𝐡𝐞 𝐩𝐞𝐫𝐟𝐞𝐜𝐭 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐬𝐞! Check out our article below to take the first step in building your sustainable procurement strategy (or refreshing it!). ➡ https://lnkd.in/exuVDvHm #responsiblesourcing #sustainableprocurement #beeawareconsulting

The image highlights the evolving priorities in procurement over time: 1. 20 Years Ago The focus was primarily on price reduction, aiming for the lowest possible cost. 2. Present Procurement has shifted to a broader approach, focusing on: Cost: Managing costs effectively. Risk: Reducing supply chain risks. Value: Enhancing value delivery. Innovation: Encouraging supplier innovation. 3. Future (2025 Onward) The emphasis is moving toward: Security of Supply: Ensuring consistent supply. Mitigating Price Rises: Managing price volatility. Sustainable Supply Base: Building eco-friendly and sustainable procurement practices. This evolution reflects a more strategic role of procurement in driving resilience, innovation, and sustainability while managing costs and risks effectively.

There are a LOT of hurdles businesses face when trying to adopt more sustainable procurement practices. One of the biggest? Lack of visibility into your supply chain. Without clear insight into environmental and social impacts, it's difficult to identify areas for improvement and adhere to standards. Check out this article from Supply Chain Brain to learn how to strengthen visibility and overcome other common challenges to sustainable procurement. Read: https://hubs.la/Q02DMr7l0 #sustainablesupplychain #sustainableprocurement #sustainability

𝐈𝐒𝐎 𝟐𝟎𝟒𝟎𝟎 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬: 𝟏. 𝐀𝐥𝐢𝐠𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐆𝐨𝐚𝐥𝐬 📋 Integrate environmental, social, and economic considerations into your procurement strategies. 𝟐.𝐁𝐨𝐨𝐬𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐮𝐭𝐚𝐭𝐢𝐨𝐧 🏆 Demonstrate commitment to responsible business practices and gain trust from stakeholders. 𝟑.𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞 𝐂𝐨𝐬𝐭𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 💡 Save money by reducing waste, improving efficiency, and sourcing responsibly. 𝟒.𝐅𝐨𝐬𝐭𝐞𝐫 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 🚀 Encourage suppliers to innovate while building a resilient supply chain for the future. #Procurement #SupplyChain #IPSPS #CareerDevelopment #Innovation

Meet the engine behind your #procurement policy - strategic sourcing! Discover how you can create sustainable sourcing strategies and processes by knowing your #SupplyChain and mapping the risks related to #sustainability, and enable #SustainableProcurement. Want to know more? Download our POV here: https://bit.ly/49JfCP6 #ConnectedEnterprise

By strategically sourcing and partnering with suppliers, procurement professionals play a crucial role in driving efficiency, sustainability, and growth. Let’s leverage our expertise to build resilient supply chains and unlock new opportunities. #supplychain #procurement #excellence

Strategic sourcing plays a pivotal role in today’s procurement landscape, driving an organization’s profitability, efficiency, and long-term success. In a constantly evolving market, mastering strategic sourcing is key to staying competitive. Check out Velocity Procurement's latest Insight for an in-depth look at why it matters and how it can elevate your business. #strategicsourcing #costsavings