Four Procurement Trends to Keep Top-of-Mind in 2023
Almost three years after the onset of the pandemic, supply chains may have recovered from early pandemic hurdles, but new challenges and trends have emerged as the economy changed.
Value Propositions to Consider when Buying Paper
Paper is one of the most utilized tools in the workplace and is likely a large part of a business’s spending, so the price of paper is a main concern. However, price is just one component of the total cost of buying and consuming paper. Other factors that impact cost include performance, consistency, appearance, and manufacturer support.
Return on Sustainability: The Value and ROI of Sustainable Procurement
For many years, companies have focused sustainability efforts around their own carbon footprint, but today they have shifted their attention to the entire life cycle of their product or service.
Seven procurement trends to consider in 2022
Since the beginning of the COVID-19 pandemic, supply chains have faced unprecedented challenges at every step of the process. Logistical problems have affected multiple industries, and regardless of your specific sector of business, challenges and accompanying trends are expected to continue.
Complying with the Made in USA Standard
Over the years, the rules for what can be claimed as a product made in the U.S. has changed. Originally, the Federal Trade Commission (FTC) said that the product had to be completely made in the U.S. or close to it.
Value of Sustainable Procurement Practices
Since sustainability is still relatively new to procurement practices, the ability to express these benefits in financial terms is one of the key drivers needed to make a case for implementing sustainable practices into business models.
Is Your Sustainable Procurement Program Oriented Toward Outcome and Impact?
Our society, planet, and markets are changing at a rapid rate, so we must ask ourselves if the sustainable efforts we’re making now are enough.
Why Should You Choose a Sustainable Procurement Strategy?
As the conversation around “going green” and sustainability continues to evolve, consumers and businesses alike are forced to look at the role we play in this. For consumers, that often means taking a deeper look into the business you’re buying from.
Four Powerful Benefits of Supply Chain Collaboration
Collaboration between business partners happens organically after spending enough time together, allowing them to harmonize quality production and ethical working standards. Similarly, supply chain collaboration is when autonomous businesses begin working together to improve operations in their supply chain.
Measuring Sustainability. Creating Value.
While implementing sustainable practices within a business can be challenging, leaders are starting to see that improving ESG (Environmental, Social, and Governance) strategies can increase the performance of their business!
Sourcing for Sustainability: How to Evaluate a Paper Manufacturer’s Sustainability Practices
The first step to understanding your manufacturer’s commitment to sustainability is to check for third-party certification, which in the forest products industry are the Sustainable Forestry Initiative® (SFI), the Forest Stewardship Council® (FSC®), and the Programme for the Endorsement of Forest Certification (PEFC).
A Supply Management View of Sustainability
As sustainability continues to become a driving force for companies, it’s important to understand the extent of the efforts being taken by companies across the United States. Many companies and organizations have sustainability goals set in order to meet stakeholder and customer expectations.