Procurement Magazine October 2024 | Page 89

Sustainability and ESG As the procurement and supply chain industries develop , sustainability and ESG considerations have become critical in crafting a resilient future for the planet and people . Across organisations , leaders must apply management processes , practices and principles with a holistic approach , focusing on the people , planet and ethical governance , in order to establish a sustainable balance between society , the environment and stakeholders .
AI in Supply Chain In the evolving business environment , AI can be utilised by organisations to become more agile and efficient , while also gaining data-driven insights and predictive analytics to catalyse innovation and gain a competitive advantage .
Supply Chain Finance By using a range of financing technologies and techniques , organisations can enhance their working capital and cash flow . Supply chain finance allows greater efficiency and value to be unlocked through collaborating with financial institutions , suppliers and buyers .
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