Sourcing and Procurement -
Aligning Business Sustainability with Corporate Objectives
This report examines how best-in-class companies leverage sustainability in their sourcing process to align with company goals and stay ahead of the competition.
These best-in-class companies:
- Have 2.67x the annual realized savings compared to their competition.
- Have 28% higher on-time delivery (to required date, to commit date, to established lead time) from suppliers for indirect material orders/releases.
- Are more than 3x as likely to consider present and expected regulatory compliance requirements when considering their sustainability program.
- Are 44% more likely to implement sustainable sourcing strategies by engaging key suppliers.