PROCUREMENT STRATEGY

Procurement Strategy



Procurement Strategy

The business models used by many organizations increasingly seek to include environmental aspects of performance in line with the triple bottom line (TBL) concept. The TBL has emerged as a paradigm for sustainable development, whereby meeting the needs of the present and of future generations are classed under three dimensions: environmental, economic and social. For true sustainable development to take place, strategy formulation and implementation need to extend along an organization's supply chain. For example, firms seeking to improve their environmental performance may work with suppliers to reduce materials' toxicity or the amount of packaging used in ...