Large supply chains have a global footprint that poses daunting challenges. The opportunity for value creation from procurement lies not in the ability to meet the minimum requirements for compliance reporting and risk avoidance but to develop a strong relationship with suppliers thereby unleashing hidden value, both economic and technical.

Perhaps the most exciting initiatives we see procurement organisations working on today are delivering innovation to the business. From a sustainable procurement perspective, the same data and tools that are used to mitigate risk and reduce cost are also used to drive top-line growth, identify opportunities to collaborate with suppliers on innovation, and differentiate brand in the eyes of consumers, investors, and employees.

Discover how Faurecia, world leader in auto-parts and EcoVadis Sustainable Procurement Leadership Award winner, was able to deploy a global program – one of the most successful sustainable procurement initiatives – to thousands of suppliers across their supply base globally.