Social Procurement

Timeraiser Social Procurement Strategy

Our procurement policy is to secure catering, supply rentals, printing, etc from socially/environmentally responsible vendors, and where possible social enterprises - especially ones funded by our local partners such as United Ways & Community Foundations. It makes sense. Our hard earned Timeraiser dollars can go further if our spending helps support social enterprises doing important community work through a viable business. Here are some of the questions we are continually asking ourselves:

Of all the catering we source, how much comes from a social purpose business or social enterprise?
Of all the printing we contract, how much comes from a social purpose business or social enterprise?
What are the other opportunities to share our budget to help other social purpose businesses or social enterprises evaluate market opportunity?
How do we work with other funders and like-minded charities to surface the buying power we have?
How do we make this exercise really simple and straight forward from an administrative process?

The following illustration summarizes what qualifies in our social procurement calculations.

The following summary provides a glimpse of our actual and planned expenditures for printing and catering. The methodology - our whole team - thinking about procurement and stakeholder engagement allows us to actively think about using our buying power to support social purpose businesses or social enterprises. Instead of taking days and months to compile, our team can do this in minutes or hours. Sharesies!