Now more than ever, risk management is a vital part of the procurement function, and hence the CPO’s responsibilities. One main reason is because supply chains are growing longer and are getting more complex.
Companies have new exposures in new geographic regions, and the interconnected nature of the global economy makes problems far more likely to…
Written by Responsible Procurement thought leader Alis Sindbjerg Hemmingsen for and with Ecovadis
Increased competition, higher customer expectations and shifting attitudes and awareness towards the environment and sustainability are a few of the pressures impacting the ever-changing world of procurement. Expected lifetime of a product is becoming ever shorter. Additionally supply chains are growing longer and are getting more complex.
Companies have new…
Product stewardship in a product’s lifecycle must be a journey that incorporates the “seed” of a contract, through to the “shoots” of product design, manufacture, transport, sale, and the “fruits” of product use, all the way to the “composting” at the end of a product’s life.
How can procurement support this journey and challenge their…Continue