Sustainability Practices Assessment
Transforming businesses and procurement practices with a focus on the triple bottom line value generation: financial, environmental and social.
Overview
Organizations are led by leaders who are often driven by values, ethics, morals, and a profound awareness of the impact their actions have on the communities and societies they live and work in. Organizations are also comprised of shareholders who often share the same values as the leaders and care about the impact and legacy their investments have; among other things, they care about the future, quality of life, and longevity.
The increased awareness of the impact that leaders have at an individual and organization level, along with the awareness and expectations shareholders have about generating profits while ensuring this is done in accordance with their systems of belief, has led to the rise of Sustainable Procurement. Sustainable Procurement is concerned with generating value by minimizing environmental and social risks, and can involve transforming businesses and procurement practices with a focus on the triple bottom line: financial, environmental, and social value.
As leading organizations have committed to sustainability standards in sourcing and engaging with suppliers who provide environmentally friendly products and services, we are aligning our services to support the research needs in this area. We also actively track regulatory environments and trends to help our clients’ category managers develop a better understanding of the changing landscape. Some of the areas we cover include the assessment and recommendation of possible initiatives and their resulting impact, benchmarking against sustainability practices followed by peers, identification and tracking of suppliers that comply with environmental and sustainability requirements, and tracking of the latest innovations by suppliers. Considering the rising demand for and importance of environmental and sustainability practices, we are keen to continuously developing our strengths and offerings specific to this area for the next couple of years.
Our sustainability services include the following:
- Define sustainability criteria
- Define product or service categories to transition to sustainable sources
- Sustainable supplier identification
- Assessment of supplier profile and capabilities
- Sustainability best practices
- Sustainability supplier gap
- Supplier-buyer coordinated plan for bridging the gap
- Selection of alternative sustainable suppliers
Interested in learning more about SpendEdge’s work on Sustainability Assessment services for specific sectors of the industry, or discuss ways SpendEdge can help you achieve your procurement sustainability goals? Let’s talk.
SUSTAINABILITY ASSESSMENT
Testimonials
The process is very transparent, there were multiple touchpoints and feedback sessions arranged to meet our exact expectations and the report has turned out to be very helpful for our category teams.
We appreciate the quality of the reports and the way they were structured. Very easy to understand and acts as a good reference in our category specific sourcing decisions.
Thank you for the excellent reports; these are well done. You’ve adequately addressed our questions.
Articles and Insights
Featured Blog:
Supply Chain Sustainability: Key Approaches to Achieve Continuous Improvement
Top Suppliers of Sustainable Materials: Supply Market Intelligence
Top 3 Factors Influencing the Growth of a Sustainable Solid Waste Management System
How Sustainable Procurement Practices Will Improve Your Reputation
Our Expertise
Category Market Intelligence
Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.
Supply Market Analysis
Enabling companies to achieve procurement maturity, enhanced savings and reduced risks through supply market intelligence.
Low-Cost Country Sourcing/Best Cost Country Sourcing
Empowering you to select the most optimal cost sourcing locations, by understanding prime cost advantages and the associated risks.
Benchmarking
Developing a competitive edge and winning strategy through supplier, price and procurement best practice benchmarking.
Spend Analysis
Optimizing an organization’s spend, by effectively identifying, categorizing, visualizing and evaluating in to order identify savings across the supply chain.
Cost Modeling and Should-Cost Analysis
Obtaining visibility of costs across the value chain to make informed suppliers, pricing, risks and budget-related decisions.
Total Cost of Ownership (TCO) Analysis
Estimating the true cost of doing business, including all direct and indirect costs as the foundation for price negotiations.
Supplier Risk Analysis
Leaning on timely proprietary and secondary market research to evaluate the supplier risk profile in order to mitigate risks.
Supply Chain Risk Assessment
Future-proofing operations and profitability against predictable and unpredictable surprises across the supply chain.
Sustainability Practices Assessment
Transforming businesses and procurement practices with a focus on the triple bottom line value generation: financial, environmental and social.
Commodity Price Forecasting
Activating data-driven procurement planning, assessing pricing-related risks, and supply chain disruptions due to price volatility.
Category Management
Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.
Supplier Negotiations
Positioning sourcing and procurement teams for winning negotiations with current and prospective suppliers.
Contract Management
Increasing confidence and efficiency in contract negotiation and execution, through analysis, insights and best practices.
