ESG
“ The most mature procurement organisations will need to harness the power of supplier collaboration and open innovation to transform unsustainable categories into brand-new opportunities for both their own business and the wider market .”
Most beneficial factors for CPOs looking to drive ESG initiatives Perera believes that it can be tempting to try and pool resources into one area and focus primarily on capability uplift , process improvements or new technologies individually . Unfortunately , the inconvenient truth is that it ’ s all three in concert that will be necessary if CPOs are to meet ESG challenges head-on with the urgency that is required .
He says that while it ’ s commonly quipped that without robust processes , you have teams that work ineffectively , without appropriate technology , you have teams that work inefficiently , and without the right ( skilled ) people you don ’ t have a team at all .
Perera doesn ’ t see any of these as viable options as we address the sustainability hurdles facing us . The combination of appropriately skilled team members using robust , fit-for-purpose processes underpinned by enabling technology is the only way in which CPOs will be able to deliver on strategic sustainability goals in the way that they need to : systematically – and at scale .
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