By Ekkehard Kugler
10th Feb 2020
A definition of social value is a process whereby organisations meet their needs for goods, services, works and utilities in a way that achieves value for money on a whole life basis, in terms of generating benefits not only to the organisation but also to society and the economy, whilst minimising damage to the environment.
Achieving social value begins with the supply chain and procurement. The upcoming Janitorial and Cleaning Supplies framework has social, economic and environmental aspects as well as sustainability and ethical supply built in as part of the specification. The tender included a specific scored question on this subject to drive change and improvement in the supply chain.
Social value is becoming increasingly important for organisations in the education sector, where the wellbeing of future generations is of great concern. Responding to and helping support young people with social and environmental concerns of today on both a global and local scale is more important now than ever before.
Procurement can use the supply chain to unlock real desired outcomes to help deliver social value for schools, colleges, academies, trusts and universities. Value for money is still as important as ever, however procurers today have a more holistic view of the term ‘value’ such as value for society, the environment and the local economy. This could support educating the next generation on reducing their impact on the environment and addressing social inequalities.
Achieving social value is just as important as saving money and just like cost savings, social value begins with the supply chain and procurement. Social, economic and environmental considerations provide you with the opportunity to help strengthen your local community.