What is a Sustainable Procurement Plan?
A sustainable procurement plan is a strategy for integrating environmental, social, and ethical considerations into the procurement process. This plan outlines clear objectives, measurable targets (KPIs), and related projects that must be achieved in order to ensure sustainable procurement practices. It provides a framework for organizations to ensure their suppliers are meeting their standards for sustainability.
What's included in this Sustainable Procurement Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Sustainable Procurement Plan template for?
This template is designed for procurement departments and professionals to create their own sustainable procurement plans. It offers an easy-to-use framework that can be tailored to the specific needs of each organization and its suppliers.
1. Define clear examples of your focus areas
When creating a sustainable procurement plan, the first step is to define the focus areas that will be addressed. This could include areas such as sustainable procurement, labor practices, or ethical sourcing. Each focus area will have its own objectives, measurable targets, and related projects.
2. Think about the objectives that could fall under that focus area
Once focus areas have been defined, objectives must be set for each one. Objectives set the overall goals for the focus area and provide guidance for the next steps in the plan. Objectives should be specific, measurable, and achievable. Examples of some objectives for the focus area of Sustainable Procurement could be: Increase Sustainable Procurement, and Minimize environmental impact.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are measurable targets that must be achieved to reach the objectives. KPIs should be realistic and achievable, and should be tracked and monitored regularly to ensure progress is being made. KPIs should be linked to specific objectives to ensure progress is measurable. An example of a KPI for the focus area of Sustainable Procurement could be: Increase % of suppliers with sustainable practices.
4. Implement related projects to achieve the KPIs
Projects are the actions that need to be implemented in order to reach the measurable targets. Projects should be specific and actionable, with clear timelines and resources. Projects should also be linked to the KPIs to ensure progress is being made. An example of a project related to Sustainable Procurement could be: Implement sustainable procurement principles.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform offers an easy-to-use framework for creating and managing strategic plans. This platform allows organizations to set and track objectives, measurable targets, and related projects. It also provides visibility into the progress of the plan, helping organizations to reach their sustainable procurement goals faster.