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Exploring Social Procurement PresentationDelivered at the Community Innovation and Social Enterprise Conference CBU on 9 July 2015Exploring Social Procurement Andy Horsnell, Cofounder Common Good.

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How external factors can affect procurement A business is a vulnerable entity that is at the whim of external forces, be they financial, political, technological, socio-cultural or environmental. ... The financial environment. ... Political change. ... Technological advances. ... Socio-cultural change. ... Environmental fluctuations.

Updated: August 2023. Social value in procurement is about making sure that what you buy creates additional benefits for society.

Benefits of Social Procurement By leveraging its purchasing power, a business can use social procurement to create new opportunities and drive positive outcomes. Social procurement can also help businesses build relationships with suppliers and vendors that are committed to ethical practices and sustainability.

Defining social procurement Social Procurement is when organisations use their buying power to generate social value above and beyond the value of the goods, services or construction being procured.

Specific examples might include investing in new or improved healthcare sites or community centres. You could invest in skills training or work experience opportunities for local people. Or support or donate – money, products, or volunteering time – to local, community-facing organisations.

Social Value refers to the wider financial and nonfinancial value created by an organisation through its day to day activities in terms of the wellbeing of individuals and communities, social capital created and the environment.

Social Procurement is when organisations use their buying power to generate social value above and beyond the value of the goods, services or construction being procured.

That means social value is the sum total of all the positive effects deriving from an activity, project, or intervention of any kind – beyond the direct economic impact that a project has (ie the income/revenue it generates minus the cost of completing it).

Social factors: diversity in the supply base, employee wellness, labor conditions in manufacturing, ethical sourcing practices, etc. Environmental factors: Energy and water use, carbon footprint, end-of-life disposal, etc.

Social procurement is when buyers use their purchasing power to generate social benefits, in addition to the goods and services they require. It provides an opportunity to positively transform people's lives without compromising on the quality of goods or services provided.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232