Sustainable Procurement

Understanding the Triple P Bottom Line: Profit, People, and Planet

Sustainability in procurement is more than just meeting organizational goals; it is about achieving a balance between profitability, social responsibility, and environmental stewardship. This approach, known as the Triple P bottom line—Profit, People, and Planet—ensures that corporate decisions drive economic growth while benefiting internal and external stakeholders and minimizing environmental impact. Sustainable procurement emphasizes not only cost efficiency but also ethical sourcing, reducing carbon footprints, and fostering long-term value for all involved parties.

Elevating Procurement Practices for a Sustainable Future

This course provides procurement professionals with an in-depth understanding of the product lifecycle and the procurement lifecycle, equipping them with the tools to integrate sustainability into their practices effectively. Participants will learn how to align procurement strategies with organizational sustainability goals, preparing them to meet the evolving demands of the next decade. By adopting sustainable procurement practices, professionals can drive impactful change, enhance organizational reputation, and contribute meaningfully to global sustainability initiatives.

By the end of this workshop, participants will be able to:

• Understand Sustainability in Procurement: Gain a clear understanding of sustainability principles and their impact on procurement processes and decision-making.
• Apply Lifecycle Concepts: Effectively apply key concepts of the Product Lifecycle and Procurement Lifecycle to align with organizational sustainability goals.
• Evaluate Environmental Impacts: Appraise the environmental impact at each stage of the product and procurement lifecycles to identify opportunities for improvement.
• Integrate Sustainability into Decision-Making: Develop the ability to influence procurement decisions with a sustainability-focused approach that balances profitability and environmental responsibility.
• Drive Sustainable Change: Acquire practical strategies to implement and manage sustainable procurement practices, contributing to long-term value for the organization and its stakeholders.

Learning Methodology

This is a face to face course that is delivered with the use of slides, sharing sessions, videos, discussions on various topics and the debates over case studies

This course is suitable for:

• Procurement and Supply Chain Professionals: Professionals and CSR managers seeking to enhance their organization's sustainability approach by integrating sustainable practices into procurement and supply chain operations.
• Operations Executives and Senior Officers: Leaders looking for practical guidance on assessing sustainability risks and aligning procurement strategies with organizational sustainability goals.
• Professionals Interested in Sustainable Procurement: Individuals across industries who want to gain insights into sustainable procurement principles and their impact on business practices and environmental outcomes.

"Useful examples and Case studies provided to help us understand the course. Thank you."

"Very interactive and engaging while sharing valuable experiences/"

Rick Chong: Expert in Sustainable Procurement and Leadership

Rick Chong is a seasoned trainer, facilitator, and coach with over 23 years of experience in procurement and leadership development. A recognized authority in the field, Rick has successfully led procurement operations, cost-saving initiatives, reorganization projects, negotiations, system integrations, and consultancy across various industries. His early career with Singapore Airlines and SATS Catering showcased his ability to innovate, delivering substantial cost savings, such as the renowned Basa Fish Project, which saved over $1 million.

Rick's extensive international experience spans countries like Germany, Portugal, Vietnam, China, Hong Kong, and Thailand, where he gained deep insights into diverse cultures and business environments. During his tenure at Singapore’s Ministry of Finance, Rick played a pivotal role in rewriting procurement policies and implementing a Procurement Competency and Training Framework for government executives. His work with A*STAR in developing an electronic procurement system exemplifies his commitment to sustainable practices, resulting in streamlined operations, significant cost reductions, and environmental benefits through digitalization.

As a trainer since 2012, Rick's engaging storytelling style and interactive teaching approach have made him a sought-after expert in leadership and procurement. His training expertise spans aviation, healthcare, and public sectors, with affiliations at prestigious institutions such as IAL, CSC, SUSS, SMU, and NTU. Rick's dedication to staying at the forefront of virtual training innovations ensures his sessions are dynamic and impactful. A respected figure in both procurement and training sectors, Rick is committed to empowering organizations and individuals to excel in sustainable procurement and leadership. For more insights, visit his LinkedIn profile.