Abstract
Circular procurement is a major shift in paradigm from conventional procurement where the priority of the award is mainly based on the price. Circular procurement could be an effective means to augment sustainability and reduce carbon emissions. Adopting circular procurement is challenging and there is no universal formula to conduct it. The presentation defines “circular economy” as an introduction. It also addresses the strategies for adopting a circular economy. Finally, the procurement ecosystem and a framework to embrace a circular procurement is discussed.
Details
Presentation Type
Theme
KEYWORDS
CircularEconomy, CircularProcurement, Procurement, ProcurementEcosystem, Sustainability
