Opinion Sustainability

027: Friday Show: Savings, Growth & Risk: The Three Pillars of Procurement CSR

In today’s Art of Procurement Friday Show, I wanted to follow up on the discussion from the last episode with Stan Litow, President of the IBM Foundation and Vice President of Corporate Affairs at IBM. I explore CSR a little further, and the role that procurement can play, over and above what was discussed in episode 26 which was mainly focused on how procurement can help spur small business growth by giving small, local, businesses the opportunity to win business.  What was interesting to me was that the outside view was that the key role we play is related to growth, where as the internal procurement view is to protect our organizations against harm.  I explore this further in today’s show.

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“Playing an active role in corporate social responsibility is part of redefining procurement’s value proposition in a new and evolving area of business.”

Episode Transcript (PDF):

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About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.

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