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(PDF) Sustainable procurement: Emerging issues

   

Added on  2021-04-16

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Running Header: Sustainable ProcurementSustainable ProcurementAuthors ID:Authors Name:

Sustainable ProcurementContentsIntroduction......................................................................................................................................3What is sustainable purchasing policy?...........................................................................................3Why should we have one?...............................................................................................................4What do we need to do to establish one?.........................................................................................5How do we measure its effectiveness?............................................................................................7Conclusion.......................................................................................................................................7References........................................................................................................................................9

Sustainable ProcurementIntroductionThe concept of meeting and fulfilling the needs and requirements of the business corporations interms of materials, goods, utilities, and services required for operating the business and that tooin an environmental-friendly, ethical and responsible way. The business firms that are dedicatedtowards the process of sustainable procurement are trying to develop effective and economicallong-term decisions that will be proven advantageous for the entity, customers, clients,communities and the environment. The term sustainable procurement can simply define as theadoption and integration of CSR (corporate social responsibility) principles in the procurementprocess and decisions and side by side ensuring that they are also fulfilling the requirements ofthe enterprise and its stakeholders. This process makes integration of stipulations, needs, andcriteria that are well-matched with the prevention of the environment and the society. Moreover,commitments in sustainable procurement ensure values that are one of the core elements for anyof the business entity and these are integrated through the firm’s supply chain into the lifecycleof the products and services. There are some core drivers of the process of sustainableprocurement and that are cost reduction, risk reduction and revenue growth The below-executedanalysis has been summarized in the process of sustainable procurement for The Super-softCorporation. The main objective of the report is the development of a sustainable procurementpolicy for the business entity for improving the performance of the business firm. The businessentity is one of the world’s largest software companies and has developed a sustainableprocurement policy and further needs help for the below-mentioned questions.What is sustainable purchasing policy? A sustainable purchasing policy of an organization comprises of USP’s which a company uses soas to work long term in a market, where it is operating. It is very important for everyorganization to stand out of a competitive market where there are a lot of chances of gettingpirated. Likewise, Supersoft corporation despite being one of the best company in softwaretechnology works very exclusively on its sustainability purchasing policy so that its customer isretained for a long period of time. It provides services to its customer in such a way that theauthenticity and reliability are maintained for the lifetime as a service to its customers. Theorganization works on some really incorporated ethics where its employees also follow the suit.The entity not only provides best services but also works on it's after sale services where it gives

Sustainable Procurementcomplete adverse services of client secrecy and software's are kept up to date so as to retain thecustomers for a longer period of time. Eventually, the company is making growth a part of itslifetime process where it is trying to keep some things unchanged so that its further customersare long-term manageable and existing consumers are satisfied with proper services.The purchasing sustainability policy also works upon the strategy which a company makes inorder to remain different from its customers. It also registers it legally so as t provide itsexclusive branded services to its customer which is reliable and there is no substitute for it in themarket. This is just like standing out of the crowd by your some qualities which no one else has.Every business entity has some of the other quality by which it attracts its customers likewise,Super Soft Corporation has its sustainability purchasing policy. This policy helps the company tohave a unique identity to have its own monopolistic existence in the market. Henceforth, this policy plays a very important part when it comes to growth and vulnerability ofcompany to work long term in a market. The company for its long-term legacy maintains it sothat it works in the market for a very long time as well as outgrows the field of software andtechnologies. The business entity has its own goals and scope for the policies and standards it hasset for the employees and the services it provides. So, it is working upon these formal terms inthe world of business where it is important to have sustainability purchasing policy to have afirm set of rules for the products it offers to the public as a whole for the existing as well as theupcoming customers. Every business is operating in a dynamic structure where the competition is rising on its edge sothere have to be certain standards which help to maintain the uniqueness of the operation acompany is working upon. This helps to retain the customers for a longer period of time as thereis no other substitute for the services it is providing in the market.Why should we have one? In the present era, the concept of sustainable procurement has been considered as one of the highprofile matter for the business corporations. There is the varied range of benefits that can beexperienced by a business firm such as saving or decline in expenses, reduction in wastes,improve competitiveness and develop the reputation of the firm. For instance, as a part of thesustainability programs, the super-soft corporation can make investments in providingtransportation services and also provide jobs and by sourcing supplies locally aid in developing

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