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Author: Victoria Vaughan

14th March 2022

5 CSR criteria for choosing a committed supplier

Strengthen your sustainability policy by surrounding yourself with the right partners. Creating a sustainable procurement process starts before the call for tender is sent. This allows you to include Corporate Social Responsibility (CSR) criteria in your specifications. Doing this will enable you to quickly identify companies that share your values. Before signing the contract, find out about their sustainable activities and communicate with them. To help you in this process, we have selected the main criteria that will enable you to identify committed suppliers.  1 – Environmental management of their business  No company can have a significant impact on the environment on its own. But together we can do something for the planet. Everyone is an actor in their own way: the consumer, when choosing sustainable products, as well as companies, when they support eco-friendly partnerships.  The circular economy is a key part of sustainable procurement. It requires more...
Categories Procurement
14th March 2022

What are the benefits of artificial intelligence for procurement?

As we enter the Fourth Industrial Revolution, new technologies are becoming a powerful performance lever for companies. However, some will play a more important role than others in the digital transformation of procurement. Among them, artificial intelligence (AI) in particular stands out. A strong driver of value-creation, it promises new synergies. However, the concept of artificial intelligence can sometimes seem vague and can encompass a variety of technologies. A recent study by GEP, the world’s leading provider of digital procurement and supply chain solutions, sheds a welcome light on the...
Categories Procurement
25th February 2022

How to optimise your long tail spend?

Long-tail spend optimisation is a little-known issue in companies. Usually, procurement departments manage their head and mid-tail purchases in a structured way, but it is not always the case for long-tail spend, which are perceived as non-strategic. However, this type of purchasing accounts for up to 70% of hidden costs in procurement departments1. Fortunately, there is a method for optimising the management of long-tail spend based on data analysis, a Lean Procurement approach,...
Categories Procurement