Traditional Procurement VS Modern Procurement

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Procurement is also known as the process of buying which companies adopt to buy their firm raw material, components and other resources to perform their operation. The traditional methods of purchasing were only restricted to focus on three basic criteria’s that is delivery , quality and cost. Later the researchers identified the importance of issues related to environment and its concern. Keeping environmental challenges in view the concept of green procurement which is even known as environmental purchasing was added as an essential in the firm supply management decisions. Over the previous year green procurement has been gaining a considering attention in both industry and academics, the prime reason is the further issue of global warming, changes in climate and also to prevent the natural resources from being depleted. Therefore, our research primarily focuses on green procurement and its contribution towards enhancing the performance of the firm.

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