Procurement with Purpose: Share your Thoughts

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* 1. Which best describes the state of your purposeful procurement journey today?

We are not investing in driving social value or sustainability through procurement.

We are just starting to build a social value program with formal goals.

We have an established program with clear goals and owners and put heavy emphasis on sustainability and social value in our purchasing decisions

We have a mature program and actively collaborate with suppliers to increase the impact of our procurement spend and social value initiatives.

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* 2. What is your organisation’s biggest driver for purposeful procurement?

Pressure from investors and the board

Pressure from the government

Mitigating risk

Revenue generation

Innovation

Cost savings

Talent retention and hiring

It’s the right thing to do.

We aren’t investing in purposeful procurement.

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* 3. Which technologies are you using to ensure purposeful procurement success? (Select all that apply)

Reliable supplier data to identify and increase spend with partners committed to social value and sustainability

Intelligent, automated solutions that continuously monitor supplier risk

Platforms that assess and rate suppliers on social and sustainability performance and flag corrective actions

Tools that improve supplier collaboration and information sharing

AI-driven sourcing optimization to confidently balance sustainability with other key buying criteria

We aren’t using technology to drive purposeful procurement programs.

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* 4. What investments are you making in purposeful procurement? (Select all that apply)

Financially rewarding suppliers that improve on social value criteria

Seeking relevant certifications (i.e. carbon neutral certification, supplier diversity certification)

Hiring non-procurement sustainability practitioners into our procurement team

Increasing internal reporting and accountability measures

Investing in strategic sourcing and/or supplier relationship management tools

We aren’t investing in purposeful procurement.

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* 5. The UK government’s new plan for delivering social value through procurement includes four primary targets (below). Which target is your procurement organisation focusing on the MOST?

Supporting COVID-19 recovery, including helping local communities manage and recover from the impact of COVID

Tackling economic inequality, including creating new businesses, jobs and skills, as well as increasing supply chain resilience

Fighting climate change and reducing waste

Driving equal opportunity, including reducing the disability employment gap, tackling workforce inequality, improving health and wellbeing and community integration