The impact of procurement services on ethical sourcing

Aligning procurement teams with an ethical procurement strategy in today’s business landscape.

With a growing number of consumers paying close attention to how their products are sourced, the need for ethical procurement is on the rise.

From selecting the right supplier to the delivery of goods or services to the end consumer, businesses have an obligation to set the right tone for their supply chain operations by ensuring their products and services are delivered using sustainable and responsible methods.

Businesses that are investing their resources in ethical sourcing often do so to:

Grow sales
Mitigate risks
Protect brand image
Reduce operational costs
Foster a competitive advantage

Over the years, international buyers, suppliers, and consumers have demanded measures that monitor and evaluate ethical sourcing in relation to procurement services. There has been an increased requirement for transparency, and complex systems that are capable of monitoring continuous improvements to supply chains.

Ethical issues in the procurement function do not typically take centre stage, however, their impact can be devastating for businesses and can make for a long road to recovery.

Procurement consulting services can help establish ethical sourcing mechanisms

Change is always a difficult prospect and transforming a business’ supply chain function to meet the growing demand for ethical procurement can be a tedious task if the right knowledge and skills are not readily available.

Global businesses are shifting to more sustainable business models and procurement teams are at the forefront of these initiatives.

Procurement consulting services have the required experience and in-depth knowledge to create supply chain solutions and build procurement teams.

The right procurement professionals will not only help you streamline your procurement services but also add value to your business when complying with your obligations.

Benefit from our dedicated finance consultants by getting in touch with us today

How can Kronos Group help you establish ethical sourcing?

Our experienced procurement professionals have helped many organisations in Europe and beyond establish sustainable procurement functions and trained procurement teams to elevate their processes.

Kronos Group is well-equipped to help organisations achieve ethical sourcing through our hands-on experience with the best practices of the region and the growing trends in procurement.

Our team of consultants go beyond traditional purchasing to provide the following services aimed at providing complete procurement solutions.

Procurement outsourcing

Procurement advisory

Procurement training

Procurement 4.0

Procurement maturity assessments

With the many changes that are taking place in procurement, it has always been a necessity to stay ahead of transformations in the industry.

That is why we partner with industry leaders, including our steady alliance with EPSA and Kloepfel Group to form the leading pan-European procurement service provider. The consolidation of our knowledge and tools help us provide you with industry-leading procurement services to meet the challenges of the global market.