How do you evaluate a vendor’s sustainability practices?
Environmentally, a vendor’s sustainability is gauged by looking at their environmental certification, ethical sourcing, and resource practices that are sustainable over time. Companies are willing to do business with suppliers that meet high sustainability criteria. To maintain records of sustainability data of suppliers, vendor management software is used.
Related Procurement FAQs
How do you ensure compliance during vendor evaluation?
What is the role of procurement in vendor management?
How do you maintain strong vendor relationships?
How do you evaluate a vendor’s sustainability practices?
Healthcare
Financial Services
Technology
Venture Capitalist
Chief Procurement Officer
Chief Financial Officer