STRATEGIC SOURCING
“ In the current volatile global environment , it ’ s unthinkable to imagine sourcing without a strategy in place ”
TARUN BHATIA , HEAD OF GLOBAL PROCUREMENT PRACTICE , EVALUESERVE continuity / growth and ESG , D & I , and sustainability ,” he says . “ Since there is a huge focus on reduced scope 3 emissions , decarbonised / greener supply chains and circularity , strategic sourcing drives ( and will drive ) ESG and sustainability-related activities for an organisation .
“ Similarly , for D & I the strategic-sourcing function has the responsibility to onboard and manage D & I-compliant suppliers . If an organisation has set a target for itself – say in terms of onboarding a certain percentage of D & I-compliant suppliers , supplier ESG monitoring processes , or sustainable supply chain guidelines – then the strategic-sourcing function will drive all of those initiatives , owing to their
48 March 2023