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Book chapter
Sustainable Procurement
Global Encyclopedia of Public Administration, Public Policy, and Governance, pp.12568-12572
Springer, 2
04/06/2023
Abstract
Based on the quadruple bottom line principles, sustainable procurement may be defined as acquiring materials and services using the most effective and efficient means and applying the significance of environmental, economic, social, and good governance. The ideals of sustainable procurement apply to both the public and private sectors with minor differences in approaches, goals, and outcomes. By default, sustainability incorporates the concept of value-added benefits to procurement, emphasizing the environmental and social benefits of sustainable purchasing of goods and services. In explaining the concept of sustainable procurement fully, the basic postulates and principles of purchasing it must be evaluated and understood. The acquisition is one of the core internal services inherent to almost any organization, in the public, private, and non-profit.
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Details
- Title
- Sustainable Procurement
- Edition
- 2
- Publication Details
- Global Encyclopedia of Public Administration, Public Policy, and Governance, pp.12568-12572
- Resource Type
- Book chapter
- Publisher
- Springer; Cham
- Copyright
- © Springer Nature Switzerland AG 2022
- Identifiers
- 99380579896406600
- Academic Unit
- Business Administration; Lewis Bear Jr. College of Business
- Language
- English