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Sustainable Procurement

What is Sustainable Procurement?

Sustainable procurement is the adoption and integration of Corporate Social Responsibility (CSR) principles into your procurement processes and decisions while also ensuring, they meet the requirements of your company and its stakeholders.
Sustainable Procurement integrates requirements, specifications and criteria that are compatible with the protection of the environment and the society. It is not simply about not using child labour or illegal chemicals that can damage the environment and peoples’ health.
Commitment in sustainable procurement ensures values which are core to the business are integrated through a company’s supply chain into the life cycle of the company’s products and services. Best practice would be to future proof your company’s Sustainable procurement and investments with sustainable policies in order to increase the viability for the long term.

Why Sustainable Procurement is Important?

• 15-30% measurable brand value increase: Sustainable procurement practices result in brand equity (Source : World economic forum : Beyond Sustainable procurement)
• 90% have lower cost of capital: 90% of studies on the cost of capital show that sound sustainability standards lowers the cost of capital of companies (Source :Oxford/arabesque)
• 9-16% Sustainable procurement cost reduction: Sustainable procurement practices can reduce costs linked to Sustainable procurement by 9-16% (Source : World economic forum : Beyond Sustainable procurement)

Key Potential Benefits of Sustainable Procurement

• Minimises risk in a company’s business practices
• Compliance with environmental and social legislations
• Enhance consumer perception
• Control costs by adopting a wider approach to whole life costing
• Creates markets for new products and services
• Reduce waste and improve resource efficiency
• Competitive advantage
• Facilitate access to capital and increase valuation

Objective

You should be able to -

• Understand and appreciate the trends in ethical and sustainable sourcing
• Define and describe the terms used in ethical and sustainable sourcing
• Describe the differences in ethical and sustainable sourcing
• Understand how ethical and sustainable strategies are developed and implemented
• Understand the use of environmental supplier certifications
• Discuss the benefits of strategic supplier alliances
• Describe how and why sourcing practices are benchmarked
• Discuss why firms would want to assess their sourcing capabilities

Outline

Who should attend

Methodology

• Class Lecture
• Group Activity
• Case Study
• Video
• Class Team Presentation

Contents will be contextualized to ensure non SCM Logistics Managers attending would also benefit from our Interactive and Activity Based Program.

Benefits of attending this program and what questions this training program answers to:
This program is also part of Continuous Professional Learning for our Procurement/Purchasing/SCM Logistics Managers and Supervisors. The key learnings from this program would enable participants to apply it back to their work place as appropriate.

Testimonials

Profile of SM Syed Ali

Mr. Syed:An Industrial Organizational Psychologist, Coach, Mentor and an Expert in Supply Chain Logistics Management (SCLM) 

SM Syed Ali is actively involved in providing training and consultancy services for a wide array of institutions, both domestically and internationally. These institutions include renowned names like WSG-Supply Chain Logistics Academy (SCALA), SMU Academy, WSG-Supply Chain Asia, PSB Academy, London School of Business & Finance, IMSC, TMC, and NTUCLHUB. His work spans across diverse programs, encompassing Supply Chain Logistics Management (SCLM) which focussed on key areas of Transport & Warehouse Management, Inventory Management, Procurement, Purchasing, Vendor Management, Import and Export Management (IMPEX). The other areas of his expertise are, LEAN Six Sigma, Art of Negotiation, Design Thinking, Project Management, Effective Communication, Situational Leadership, 7 Habits of Effective People, Kaizen & Continuous and Productive Improvements Tools and Methodologies.

Syed has held prominent management roles within three multinational manufacturing companies, where he worked extensively across Asia, Europe, and the USA, dedicating approximately 30 years to various global supply chain logistics programs and projects.

Syed's educational background includes a Master of Science Degree in Industrial & Organizational Psychology/HRM from the City University of New York (USA), a Bachelor's Degree in SCM Logistics from Curtin University, Australia, and a Diploma in Project Management from Cambridge University. He holds professional qualifications such as the Certified Professional Logistician accreditation from the Chartered Institute of Transport and Logistics (UK), and the Advanced Certified in Training & Assessment (ACTA) certification from the Singapore Work Development Authority. Additionally, he possesses a Coaching Certificate from TUV SUD/PSB Singapore.

Beyond his professional pursuits, Syed actively contributes to the community by serving as a mentor for the Yellow Ribbon Project and specializes in CPR as a member of the Community Emergency Response Team (CERT). His dedication to community engagement was recognized with the 20 Years Appreciation Award from the Singapore Prime Minister's Office, presented by his Member of Parliament in August 2019. Syed also plays a significant role as a SPRINGS and SCALA Skills Future Trainer and Mentor for the ongoing WSG-Singapore Government initiated Professional Conversion Programs (PCP). He is additionally a WSG Trained Career Adviser Practitioner (CAP), further demonstrating his commitment to professional development and community service.

He had received the 20 years Appreciation Award from our Singapore Prime Minister Office (PMO) through his Member of Parliament in August 2019.