The paper "Sustainable Procurement and Sustainable Supply Chain Management" is an outstanding example of a management literature review. The essence of sustainability has grown to a large extent during the last ten-twenty years. It is no more a new approach but in fact, it is a widespread concept that is having plenty of dimensions. Efficient strategies are adopted by organizations so that they can meet the requirement of today and tomorrow (Ciegis & Ramanauskiene2, 2009). Sustainability procurement and sustainable supply chain management are listed among the sustainability approaches that are applied in the industries today.
There is a need to adopt policies and strategies in the industries that have the concept of sustainability development. In this way, the industrial and economic sector can lead the economy to the phase of growth and development. Many developed nations of the world especially the UK have incorporated sustainability policies in every department so that every sector can contribute to sustaining future (M. Porter, 1995). This review of literature sums the perspectives of different authors regarding two approaches or dimensions of sustainability. Both of these are helpful for the industrialist of public and private sector to maximize their profits keeping the sustainable future of not only themselves but also the economy and environment.
These can help the business organizations to improve their systems and tackle down the risk factor that may exist in the industry or business organization (Lele, 1991). Sustainability procurement is a widespread phenomenon that is present in many companies and industries around the globe. It is basically a way in which acquiring commodities are brought into account of the different impact on individuals around.
The impact may be socialistic, economic and environmental. All these three are interlinked with each other. Economically the quality and price of a good or service have an impact on people (CHIN, 2014). One can expand the concept and indicate it as a way of blending the effect of social, economic and environmental influence in the procurement. This may be of the public sector or private sector. Basically the concept of sustainability is not new. Many societies and communities have adopted it into their lives to secure the future with the fulfillment of today’ s needs.
To know about sustainability procurement one needs to know the concept of sustainability that can only be attained by setting the goals for the betterment of communities and nature (Neto, 2009). Mostly the sustainability concept is important in economics study. Companies and industries try to adopt a sustainability strategy so that they can secure the present and future along with the attainment of profits (Kuhlman, 2010). Now a day’ s world has become more of an industrialized one. Sustainability procurement is playing a key role in the expansion of organizations and industries.
Public and private sector organization are using sustainability procurement not only for themselves but also for their consumers (Group, 2014). Sustainability procurement can help the industry or organization to reach the level of satisfaction of commodities so that they can achieve profits in a way that it is not only beneficial to the organization but also to the world around. People refer it a way through which not only profits are generated but also sustainability concept is emerged in the industry or organization (Maloe Bosch, 2012).
Although it seems easy the process of sustainable procurement is far complicated. As there is an aim while applying this strategy that less or no harm is to be done to things around especially nature (Jones, 2010).
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