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Understanding Procurement’s Role in Advancing Sustainability

In the quest for a more sustainable future, the spotlight often turns to procurement—a function with a profound potential to influence environmental and social outcomes. “Understanding Procurement’s Role in Advancing Sustainability” is an engaging fireside chat featuring Mansi Arora and Amit Bhawsinghka from Accenture. This discussion delves deep into how procurement is not merely about cost-saving but plays a critical role in advancing the sustainability agenda in enterprises worldwide.

Key Takeaways on Procurement’s Role in Sustainability:

  • Strategic Influence of Procurement: Mansi Arora emphasizes the strategic position of procurement teams in driving sustainability. By embedding sustainability criteria into procurement processes, teams can significantly impact their organization’s environmental and social footprint.
  • Technology as an Enabler: Amit Bhawsinghka highlights the crucial role of S2P (Source-to-Pay) technology in fostering sustainable procurement practices. He discusses how technology solutions can streamline the identification of sustainable suppliers, enhance risk management, and monitor sustainability metrics effectively.
  • Navigating Challenges: The chat also addresses the hurdles in aligning procurement strategies with sustainability goals, such as cost considerations and ensuring supplier adherence to sustainability standards. Despite these challenges, the speakers underscore the immense opportunity for procurement to lead transformative change.
  • Vision for the Future: Both speakers share insights into the future trajectory of procurement in the realm of sustainability. They envision a holistic approach where procurement, technology, and sustainability objectives converge to drive corporate responsibility and make a positive impact on a global scale.

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