Sarcouncil Journal of Economics and Business Management

Sarcouncil Journal of Economics and Business Management

An Open access peer reviewed international Journal
Publication Frequency- Monthly
Publisher Name-SARC Publisher

ISSN Online- 2945-3593
Country of origin- PHILIPPINES
Impact factor- 3.1
Language- English

Keywords

Editors

Sustainable Procurement Strategies in FMCG: Impact on Supply Chain Efficiency and Cost Reduction

Keywords: Sustainable Procurement, FMCG, Supply Chain Efficiency, Cost Reduction, Circular Economy, Digital Procurement

Abstract: The adoption of sustainable procurement strategies in the fast-moving consumer goods (FMCG) sector has gained momentum as companies seek to align with environmental, social, and economic sustainability goals. This study examines the impact of sustainable procurement on supply chain efficiency and cost reduction, focusing on key practices such as supplier collaboration, sustainable material sourcing, energy efficiency, circular economy integration, and digital procurement tools. Through case studies and statistical analysis across various FMCG sectors, findings reveal that sustainable procurement not only enhances operational efficiency but also leads to significant cost savings. These strategies, however, have varied impacts across different FMCG industries, highlighting the importance of tailored approaches. The results demonstrate that sustainable procurement is a viable pathway for achieving competitive advantage while fulfilling corporate sustainability objectives

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