U.S., Aug. 26 -- Sustainability in the supply chain can be recognised at almost every stage of the process. From prioritising ethical suppliers to minimising overproduction and waste by efficient supply and demand management. However, more specifically, sustainable procurement is the process of finding, sourcing and acquiring goods and services while considering environmental and social factors.
The benefits of sustainable processes are significant in the long term effects and quality of a business. For example, according to a report from the United Nations:
More efficient and effective use of natural resources.
Reduction of harmful impact of pollution and waste.
Encouraging innovation.
Businesses to be transparent and express commitment...