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Sustainable Sourcing
You’ll never be able to fully control the practices of the third parties you deal with in your supply chain. But you can make sure that you’re partnering with the right people—ones who share the same goals, sustainability values, and environmentally-aware supply-chain processes as you.
Customers will ultimately hold you accountable for what you deliver. So if your products contain parts manufactured unsustainably that have come from an external supplier, it’s going to be you who faces the backlash.
Qualifying the right sourcing partners is a critical piece of the sustainability puzzle—and it all revolves around the enforcement of the same high sustainability standards that you hold your own business to.
The Best Practices of Sustainable Sourcing
- Customers will ultimately hold your company responsible for what it delivers—so only source from partners that can deliver on your brand promise
- All partners should go through a strong selection process before you buy from them, including signing on to your code of ethics and business conduct
- Build compliance checks into core procurement processes to ensure suppliers continue to act sustainably and adhere to environmental regulations
- Use data sharing to encourage openness between your business and supply-chain partners, so that you can act more sustainably together
Tailored Action Plan
Decide what the perfect supply-chain partner looks like, and define a set of standards by which you will manage the qualification of your suppliers with supplier questionnaires and score-carding.
Build repeatable processes that help you verify those standards as part of regular supplier audits.
Enable the suppliers that meet your standards to work closely with you, collaborate, and access important data and systems according to your specifications.
Focus on the acquisition of environmentally preferable products and services that minimize environmental harm over their lifecycle, including manufacturing, transportation, use, and recycling or disposal.
Embedding sustainability in the sourcing and procurement process.
Every supply-chain decision you make can impact sustainability—starting with the vendors you use. See how embedding sustainability into sourcing and procurement processes can help drive long-term value for your business and the relationships with your partners.
The solution you need.
Oracle Procurement Cloud
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