As the marketplace demands corporate sustainability, procurement and supply chain professionals must incorporate the principles of sustainability into their various functions. This includes supplier selection, comparing products and services design and characteristics, supplier relationships, logistics activities and measurement of performance—both internally and within the supply base.Sustainability and Ethical Sourcing will review the principles and benefits of sustainability, accepted sustainability guidelines and standards, methods for implementing and applying those to procurement functions, and how to work with supply chain partners to apply those same standards. In addition, general ethics within purchasing processes will be discussed, as well as ethical sourcing behaviors that are mandatory in today’s environment.
Critical Questions
- What are benefits that organisations will receive from initiating a sustainable procurement program?
- What is the incentive for organisations to apply the principles of the Triple Bottom Line?
- What sustainable practices should a buying organisation expect from its suppliers?
- Why are ethics important in the procurement process?
Learning Objectives
- Explain the benefits of utilising sustainable procurement principles and practices.
- Explain the Triple Bottom Line.
- List the 10 principles of the UN Global Compact.
- List methods for using sustainability in product design.
- Give examples of supplier sustainability criteria, including economic, social and environmental actions.List elements of sustainable packaging.
- Define why it is important for procurement professionals to act and source in an ethical manner.Explain the use of diversity in ethical sourcing.
Terms
Use the Flashcards and Games to review the terms.