A new guide aimed at helping SMEs and procurement authorities to integrate social value into SME operations has been launched.
Developed in collaboration between Supply Chain Sustainability School and Cardiff Business School, and delivered by Action Sustainability, the guide aims to support SMEs in creating social value while navigating procurement processes in both the public and private sectors.
Traditional challenges faced by SMEs when it comes to embedding social value in their operations include limited resources, complex procurement processes, and lack of clear guidance. The new guide, Embedding Social Value in Procurement: A Practical Guide for SMEs, aims to address these issues, providing firms with actionable strategies, tools, and insights to help them understand and deliver social value effectively.
“As SMEs increasingly shape the future of our economy, it’s essential that their contributions to social value are recognised and embedded into procurement practices,” said Vaishali Baid, social value lead & senior consultant, sustainable procurement at Action Sustainability. “This guide provides SMEs with the tools and strategies to incorporate social value into their operations, ultimately creating long-term benefits for their businesses and the communities they serve.”
The guide equips SMEs with a variety of resources, including: a checklist to integrate social value into operations; strategies for overcoming common challenges; advice on aligning social value with local community needs and business goals; and recommendations for procurement authorities on how to engage with SMEs to maximise social impact in procurement processes.
Dr Jane Lynch, professor of procurement for the logistics and operations management section at Cardiff Business School, added, “This guide translates the concept of social value into clear, actionable steps SMEs can apply immediately. Cardiff Business School is committed to equipping SMEs with research-based tools that empower them to make meaningful contributions, both to their success and to the communities they operate within.”
To access the full guide and additional social value resources, register for free membership on the Supply Chain Sustainability School website, then visit this page.
