Sustainability has become a critical part of corporate strategies, especially in material-intensive industries: Sustainable Brands found that "during the past 5 years, the percentage of the world’s 200 largest companies with public, specific sustainability targets has risen from 77 to 94%".
But for procurement teams, sustainability targets can generate painful headaches:
- In process industries, what if the raw material mix that minimizes cost, differs from the mix that maximizes yield, and from the mix that minimizes emissions?
- In discrete industries, how should you balance orders between suppliers that compete on sustainability rating, in addition to price, quality, delivery delay and payment terms?
With Datapred, these are just additional parameters of the sourcing optimization equation. Define your preferences in Datapred's optimization engine, and receive purchase order suggestions ensuring compliance with company objectives.