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Circular Supply Chains: Leveraging the power of strategic procurement
This course explains the importance of circular procurement and its key role in accelerating the transition to a Circular Economy. In addition, it sheds light on the difference between linear and circular procurement in terms of standards, principles, and best practices. Moreover, it provides knowledge on the impact of circular procurement on the public and private sectors, multinational corporations, and SMEs, in addition to understanding the roles each sector and industry play in pushing the implementation of Circular procurement. This course concludes with lessons learned and a takeaway message.
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1.5 hours to complete
This self-paced course can be completed in 1.5 hours.
Author: Joyce Halloun
This course outlines the key differences between traditional and circular procurement processes and explains these two frameworks relating to standards, principles, and best practices.
The course highlights collaboration and partnership at multiple levels to bring massive change to the traditional linear system and open the doors for innovative business models. In addition, it gives a clear understanding of the impact of circular procurement on a small and large scale.
The small-scale impacts that this course reveals include:
The importance of the impact of procurement on the overall supply chain to enable professionals.
The connection between Circular Economy principles and circular supply chains, besides its key components and the vital role it plays in circularity.
The acceleration points that advance the application of circular supply chains.
The large-scale impacts that this course reveals include:
The outcomes involved in the public sector leveraging its purchasing power can bring positive outcomes and advance the application of circular procurement.
How Corporations and SMEs deal with the requirements of moving from linear to circular procurement.
The barriers that organizations and industries worldwide face.
Limitations to circular procurement practices.
This course expresses the urgency to take action now, embody a leadership attitude, and implement Circular Economy principles in scopes of work.
Look back on concepts after completing the course.
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