SUSTAINABILITY
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Recent research in the Deloitte Global Chief Procurement Officer Survey 2023 showed a significant increase in the importance of enhancing ESG from the 7th most important enterprise priority in 2021 to the 2nd most important in 2023 .
Achieving transparency specifically can be an elusive target , that is made easier by good relationships and intelligent use of technology , but how can a strategy be developed to make sure it delivers consistent and reliable results for both the business and the environment .
Challenges for true transparency The key is reliable and well organised data , and remains the top obstacle to more effective procurement argues Alex Saric , Smart Procurement Expert at Ivalua . “ Data is typically spread out in silos and of poor quality , and organisations lack visibility into who their immediate suppliers purchase from ,” says Saric “ This is especially problematic when it comes to improving sustainability . Without a clear picture into supplier emissions , it ’ s impossible for organisations to accurately measure , disclose and optimally reduce their environmental impact .”
What are the main downfalls of disconnected systems that don ’ t communicate seamlessly with each other ? Pierre Laprée , Chief Product Officer at SpendHQ , explains that they see procurement teams grabbling with data management at scale and distilling that data into something they can leverage for business gains .
“ Procurement teams often find themselves relying on manual intervention
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