Procurement Magazine September 2024 | Page 183

SUSTAINABILITY

Procurement is integral to the supply chain , ensuring the steady flow of quality materials and services , negotiating costs and driving innovation . Quality assurance , risk management and aligning strategies with supply chain goals are critical functions , highlighting its importance in overall supply chain efficiency and corporate responsibility .

With this process , the need for traceability and transparency is essential for organisations to build trust , ensure quality and safety standards and support sustainability . RELATIONS , an SRM tool by LeanLinking , helps procurement teams worldwide , including at Starbucks , Roche and DS Smith , to measure the performance of their suppliers and stay on top of all the compliance and documentation needed . By consolidating data and streamlining processes , the Supplier Relationship Management tool optimises supply chain operations , reducing waste and inefficiency .
Lars Kuch , Founder of LeanLinking , says : “ Supply chain traceability and transparency are vital for maintaining trust , ensuring quality and safety , complying with regulations and enhancing overall efficiency .
“ They enable companies to meet consumer demands for ethical practices and sustainability while providing the insights needed to manage risks , reduce waste , improve cash flow and optimise supply chain operations .”
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