Details

Year: 2023

Subject

Procurement, circular economy, sustainability

Abstract

Procurement’s contribution to an organisation’s success is about more than managing spend. As the world transitions towards a circular economy, the Procurement department has many vital roles to play. Successfully closing, slowing and narrowing resource loops entails coordination that surpass organisational boundaries. Procurement’s role as an interface to and ‘guardian’ of actors in the upstream supply network therefore needs to become more strategic.