Procuropedia

Procurement Terms

Filter
Filter

Subject

Show more

A-Z

Clear All
Save
1 Terms
S
Social Procurement
Social procurement refers to the intentional practice of using procurement processes and decisions to generate positive social impact and address social issues. It involves considering and prioritizing suppliers and contractors who have a demonstrated commitment to social responsibility and contribute to social value creation. Social procurement strategies may focus on criteria such as supplier diversity, fair labor practices, local sourcing, job creation for marginalized populations, supporting small and minority-owned businesses, and fostering community development. By incorporating social considerations into procurement decisions, organizations can leverage their purchasing power to drive positive social change, promote inclusive economic growth, and address societal challenges within their supply chains and communities.
Specialism:
Procurement Strategy Sustainability