Archive for August, 2019

3 Pillars and benefits of Sustainability

Sustainability is the capability to continuously conduct certain activities indefinitely. The study of sustainability is evolving and is often viewed in three dimensions known as the Three Pillars of Sustainability. Environmental Sustainability is: The capability of the globe to sustain levels of pollution, nonrenewable resource depletion, and renewable harvesting proceeding on an indefinite continuum. These environmental sustainability parameters are: Nonrenewable…

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Direct vs. Indirect Spend

One of my students asked about the difference between direct and indirect spend, so I thought I’d post my reply here so that others may benefit from the definitions, too… Don’t miss updates on Procurement & Supply Chain, Subscribe here! Direct spend refers to purchases of goods and services that are directly incorporated into a product being manufactured. Examples include…

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