PART 3: Procurement In The Future – The Triple Bottom Line: Understanding The Sustainability Agenda

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Author: Ben Shute FCIPS, CEO, Comprara

PART 3 of a 4-part series running through December on the challenges facing procurement. Read part one, which looked at how automation is changing roles, here. And part two: ‘From Procurement To Three-Pronged Management’ here.

 

The triple bottom line includes judging the impact of organisational actions on society and on the environment, in addition to the traditional financial consideration.

While the concept is not new, there is increased focus on corporate responsibility.

It is very likely that the job descriptions for chief procurement officers and senior managers in the future will include sustainability strategies.

The sustainability agenda isn’t just about being “green”. Sustainability is about socially and ethically responsible purchasing, minimising environmental impact through the supply chain and delivering economically sound solutions.

Sustainable procurement is about achieving a balance between the three pillars: people planet and profit.

Some methods through which procurement can aim to achieve sustainability are by attempting to reduce costs through saving water and energy, promoting the re-use of products and recycling, and by attempting to minimise packaging and transportation throughout the supply chain.

The sustainability agenda is very much the type of non-automatable supply chain management that will keep human procurement professionals a step ahead of automation – but only if the human in question has the right skills.

 

About the author
Ben Shute FCIPS, is a thought leader and CEO of Comprara, a consulting business that has led the market in the development of capability and capacity diagnostic applications.

  • Have you heard about PASA CPO Summit in March? ‘Future Proofing You’ will be held on 13 & 14th March 2018 in Sydney. 

 

Comprara offers capability & capacity solutions for buyers:

Capability:

www.skillsgapanalsysis.com – Capability and Departmental Analysis

www.academyofprocurement.com – Capability Development

About Author

Procurement and Supply Australasia (PASA) is the leading provider of information and education to procurement and supply professionals throughout Australia and New Zealand. PASA supports the largest community of engaged procurement stakeholders in the region, through its renowned series of events, publications, awards, plus various community and network building activities. PASA is a trading name of BTTB Marketing, for many years recognised as the leading producer of conferences and events for the procurement profession in Australia and New Zealand. Whether producing under the BTTB, CIPSA Conferences or now PASA brands over the last ten years, our events have consistently led the market in terms of both educational and networking opportunities.

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