Green Procurement
Green Procurement
Green procurement implies
procurement of materials from supplier that contains the attributes containing
environmental aspects such as recyclability, reusability and utilization of non-poisonous particulars. Green
procurement can also be the procurement of materials which helps the actions
such as waste reduction of toxic material and material substitution. Although Green procurement is subset of Green supply chain Management
but it can be known as largest subsets among other depending upon purchasing
importance and organization structure.
Researches have revealed
that Green purchasing practices have significant positive influence over the
firm performance keeping in context to the accountability of firm’s internal
management and the selection for suppliers which eventually leads to firm
reputation. The outcomes of these researches revealed
that green purchasing practices if adopted were able to reduce the waste and
encourage reuse and recycling activities without causing hinderance to firm’s
other department like distribution and marketing which eventually leads to
positive growth on the firm financial performance even.
Previous researches have
mostly highlighted the environmental benefits obtained through the adoption of
green procurement approach and how they create demand for green material
services and products and are beneficiary in reducing the pollution and
impacting positively over the human health. But the focus of our research is
not just limited to the environment benefits these practices provide.
Our research portrays a
holistic view of green procurement practices be employed by the industry can
actually enables them do not just reduce waste but also how efficiently they
can utilize their resources that could be wasted and can effectively ensure
growth in their firm’s performance which will eventually leads to positive
firm’s reputation. More so our research would be studying the green procurement
practices that are adopted by the petroleum and pharmaceutical industry. By
conducting the research over these two industries belonging an entirely
different sector can give a more comprehensive view to our research.
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