Procurement, whether public or private procurement, is a cornerstone of effective supply chain management. It is about selecting relevant vendors and suppliers, and purchasing their goods, services and work, vital
Procurement, whether public or private procurement, is a cornerstone of effective supply chain management. It is about selecting relevant vendors and suppliers, and purchasing their goods, services and work, vital to the organization. Corporate purchasing practices have the power to contribute to the growth and sustainability of local communities and economies. While approximately 252 million women around the world are entrepreneurs and another 153 million women are operating established businesseswomen-own businesses constitute 35 per cent of all businesses , they land less than one per cent worth of procurement spent by large corporations and governments.
The Women’s Empowerment Principles (WEPs) offer guidance to companies on how to become a gender-responsive company by promoting gender equality and women’s empowerment in the workplace, marketplace and community. Jointly established by UN Women and UN Global Compact, the WEPs are grounded in international labour and human rights standards and the recognition that businesses have a stake in, and a responsibility for, gender equality and women’s empowerment.
More companies practicing gender-responsive procurement would not only show increased appreciation for companies that are socially and environmentally responsible, but could also offer game changing opportunities for women-owned businesses in terms of exposure to high-value market opportunities with more sustainable revenue streams and enhanced business relationships and business networks.
Billions of people are being affected by the coronavirus pandemic, setting off an unprecedented global health crisis. Behind the fight to save lives, there is another crisis unfolding for public and private sectors representatives who are scrambling to get life-saving health supplies and keep society running as lockdown measures came into force worldwide. When essential items are scarce and time is of the essence, inclusive, open and accountable procurement becomes an even more important safeguard.
The webinar will showcase business’ role in following the gender-responsive procurement practices in times of COVID-19. The panelists will speak about practical policies, practices and services that companies could develop, implement and practice to help in the procurement responses.
(Jeudi) 9:00 am EDT