Sustainable Sourcing

Sustainable sourcing involves the systematic integration of social and environmental considerations into the supplier selection process. This strategic approach aims to establish enduring relationships with suppliers while concurrently advancing corporate environmental and social objectives.

The journey toward sustainable sourcing is marked by a gradual and deliberate incorporation of sustainability dimensions. Rather than embracing all aspects simultaneously, organizations incrementally include one aspect at a time, progressively building sustainability metrics. Throughout this process, companies develop and expand their list of approved sustainable suppliers. A pragmatic approach often includes implementing a straightforward scoring system, especially when these aspects are seamlessly integrated into a company's procurement and sourcing transaction systems. By prioritizing sustainability in sourcing practices, organizations contribute to long-term environmental and social goals, aligning their operations with broader corporate sustainability objectives.

Learn more about Ivalua's Sustainable Sourcing Solutions.