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.
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.
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:
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.