Procurement Magazine July 2024 | Page 5

FOREWORD Collaborative Procurement : Driving Sustainability Together

“ Companies recognise that operating in isolation is not sustainable ; instead , they must harness the collective expertise and resources of their supply chains to effect positive change and create enduring value ”
ON THE COVER : Michael Van Keulen , Chief Procurement Officer at Coupa outlines how it ' s working to multiply margins for customers . Read the feature on p50
Companies are partnering with suppliers and stakeholders to drive sustainability and innovation in procurement practices . Since I began working on the magazine , I have been consistently impressed by the transformative impact of collaboration in procurement .
Speaking to professionals as I build this issue , I ’ ve seen how companies are forging meaningful partnerships with suppliers partners and other stakeholders to drive sustainability , foster innovation and achieve shared goals .
These collaborations are the cornerstone of successful procurement strategies . Companies recognise that operating in isolation is not sustainable . They must harness the collective expertise and resources of their supply chains to effect positive change and create enduring value .
In my conversations , companies ' strong commitment to sustainability have shined . From reducing carbon emissions to promoting responsible sourcing practices , organisations are aligning their procurement efforts with environmental objectives .
I spoke with the Ethical Supply Chain Program about its crucial role in ensuring responsible procurement worldwide through strategic partnerships .
Additionally , we looked at Coca-Cola Hellenic Bottling Company ’ s ( HBC ) ESG considerations are not merely a checkbox but a fundamental aspect of both its operations and those of its suppliers . I hope you enjoy this issue , and remember to keep connecting .
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AARON MCMILLAN aaron . mcmillan @ bizclikmedia . com © 2024 | ALL RIGHTS RESERVED procurementmag . com 5