2. Introduction
Sustainable procurement is the process through which organizations buy
assets, supplies or services by taking several factors into consideration
such as social, environmental and financial aspects
The sustainable procurement process does not vary to a great extent from
the traditional procurement process
It incorporates an initial stage to determine the effect of the procurement
action followed with an additional stage at the end of the process to
monitor and assess the net effect of the desired outcome
An important factor which needs to be considered during its
implementation, is the nature of the sector where it is being executed
The advancement of sustainable procurement is vastly seen within the
private and in a few countries, the local and national governmental sector
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3. Potential Benefits
Long-term efficiency savings and financial benefits
More efficient and effective use of natural resources
Reducing the impact of hazardous substances on human health and the
environment
Encouraging innovation and creating new, vibrant market
Providing strong signals to the sustainable products market
Practical expression of organizations commitment to sustainable
development
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4. The Future Road
What began as green procurement integrating only environmental
product criteria has grown to encompass social performance criteria as
well as economic goals to further the concept of sustainable development
Sustainable procurement practices are being widely accepted and
practiced in the private and public sector
There exists tremendous potential and opportunity for this concept to
grow
Brickwork Sourcing provides end-to-end procurement research and
consulting services to clients from all major continents. It specializes in
assisting clients with low cost country sourcing as well as Indian market
entry assessments.
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5. About Brickwork Sourcing
Brickwork is the pioneer of the Virtual Office business. We
provide virtual support for businesses across the globe. Our
well informed Remote Sourcing Analysts (RSAs) can provide
support at any or all stages of your sourcing lifecycle. Your
Virtual Sourcing Office can be a large team of analysts
supporting large companies with established procurement
processes or a one-man-show to function as your entire
procurement office.
Disclaimer
“The information contained in this document that includes text, graphics and links, are provided on an “as-is”, "with all faults" and "as
available" basis and are without warranty of any kind. While Brickwork relies on sources that are believed to be reliable, it cannot rule
out errors in judgment or application. The document is intended for “information” and “general guidance” purposes only.” Investment
decisions and/or other decisions based on the conclusions and potential strategies mentioned in the document are not necessarily
endorsed by the Brickwork management.”
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