Overview
This resource follows the basic outline of the procurement journey and presents the circular intervention points that can be used by an organisation in every step.
Circular economy intervention points along the procurement journey
Procurement journey explained
Strategy: On identifying a business need, this process supports the decision logic that should be explored before launching the sourcing activity.
Sourcing: Incorporating the circular economy principles across the sourcing activity, this process aims to educate and spark ideas for sourcing products and materials in a way that adopts and incentivises the best circular practices.
Management: On entering into a circular economy partnership with suppliers, this process helps manage continued performance and ensure mutual value generation.
Procurement steps explained
Needs: This step involves confirming the sourcing need, validating its objectives with internal stakeholders, and mapping out the related risks and opportunities.
The circular intervention points include:
Tender: This step includes defining the tender criteria, analysing the market and long-listing the suppliers.
The circular intervention points include:
Go to market: This step includes shortlisting the suppliers and then executing and managing the tender process.
The circular intervention points include:
Evaluation: This step involves evaluating the responses to the tender and clarifying the proposals.
The circular intervention points include:
Selection: This step is about selecting the supplier by focusing on value creation opportunities.
The circular intervention points include:
Contract management: This stage is about the ongoing supplier performance review and management to ensure mutual value generation.
The circular intervention points include:
How to use this resource
You can either click on the circular intervention point on the menu on the left, or go through the entire resource by selecting 'Next' below.
Last updated
Was this helpful?