In response to your peers, examine their thoughts on drivers, barriers, and practices for greener procurement. What organizations, certifications, or alliances are available to companies, and how would they fit into your peers' assessment?

I need you to respond to the two statements below with the question above.

First statement:

When looking at the factors that shape the policy of a company each one plays its own role. Regulation is a major driver but does not guarantee improved environmental sustainability. Customers set the pressure and are drivers for sustainability performance. As more people are becoming aware of the importance of "greening" they are beginning to force companies to take action for sustainability. This has also led the government to raise the bar for regulations and make companies comply, if not they can face hefty fines and backlash from customers. Companies who want to stay ahead of their competition are almost forced to continuously improve sustainability, this gives them an advantage over their competitors. Suppliers that meet the standards companies set forth in terms of sustainability force other suppliers to meet them as well.

Overall, these factors allow us as customers to persuade these large corporations to go green, this could be through regulations, a competitive market, and suppliers. While some of these initiatives may be costly for these companies the long-term effects of these decisions benefit the company, the people, and the planet, it also ensures the company continues operating.

Grant, D. B., Trautrims, A., & Wong, C. Y. (2022). Sustainable Logistics and Supply Chain Management (3rd ed.). Kogan Page.https://bookshelf.vitalsource.com/books/9781398604445

Miller, K. (2020, December 8). The Triple Bottom Line: What It Is & Why It's Important. Harvard Business School Online. https://online.hbs.edu/blog/post/what-is-the-triple-bottom-line

Second statement:

A company has to create regulations, rules, limitations and ideals that the company follows based upon the customers needs wants and experiences, fellow businesses viewed as completion and suppliers and their own business ideals and rules. The company has to have suppliers, who help get them products, materials and items that they use for manufacturing, production and selling to the customer. A business has to decided if the suppliers business goals and models are something they want to partner with. Competition help a company figure out what market they want to break into. Seeing what others are doing and trying to one up them Finding a better more efficient method or overall creating a product that will blow the competitions out of the water. Regulations are rules and limitations set in place by the business, the regulations are based upon how the company views their business. If they want to be more eco friendly they would need suppliers that are carbon neutral, appealing to the customers that want to buy products that don't harm or give back to the environment. Being able to show the competition that they have unique products or circumstances.

At first a big change would need a huge influx of cash to make happen, but once they have a unique standing and something that will stand out from the competition. The customers will be drawn into the idea and be more likely to purchase their products. Eventually that one characteristic will set them apart from the competition and allow the profits to grow into more.

Answer rating: 100% (QA)

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