Digital business resume assignment

Nama : Muhammad Khoirun Ni’am

NIM : 20190410440

Topic : Sustainable procurement and resources Allocation

Online Webinar Series “Sustainable Procurement and Resources Allocation” are held on a
regular basis by using zoom application on Tuesday, 31 Mei 2022 at 12.00 WIB. The
material is delivered by a speaker who are competent in their fields whom is Prof. Mojtaba
Ghiyasi, Ph. D., a lecturer at Shahrood University of Technology, Iran and the Moderator
for this webinar is Punang Amari Puja, S.E., S.T., M.IT. .This webinar is held free of charge
and is attended by UMY students. When I attend class in Guest Lecture from Prof. Mojtaba
Ghiyasi, Ph. D. I get benefits someway or the other from the content shared. Here are some of
material points that I catch by watching it live:
Overview:

 Fundamental concepts

 Sustainability

 Procurement

 Resource scarcity and resource allocation

 Sustainable procurement as sustainable budgeting or resource allocation

 Theorical methods

 Real world applications

 Reference

Sustainability: in its widest definition, sustainability refers to a process' ability to maintain

or support itself through time. Sustainability in business and policy refers to the goal of
preventing the depletion of natural or physical resources so that they can be used indefinitely.

Procurement is the process through which a company obtains the goods or services it requires
from other companies.

Allocation of resources:

The practice of assigning and managing assets in a way that supports an organization's
strategic goals is known as resource allocation. Managing physical assets like technology to
make the greatest use of softer assets like human capital is part of resource allocation.
- Resource allocation depending on performance

Because of their apparent neutrality, funding organizations choose performance-based

allocation (PBA) systems. It is assumed that measurable criteria will guarantee that money
are distributed to the most deserving beneficiaries.

- Resource allocation that is long-term

Sustainable resource management refers to the management of resources in such a manner

that their sources are not depleted, allowing future generations to benefit from them as well.
Water, wind, wood, sun, and wave energy are examples of renewable resources that may be
utilized again and again, making them more sustainable.

- Procurement as a method of allocating resources

The investment in, production of, or acquisition of energy facilities, supplies, or other energy
goods or services essential for the Utility to satisfy its commitment to serve consumers is
referred to as resource procurement.

- Procurement that is environmentally friendly

Sustainable procurement is the incorporation of CSR concepts into your company's

procurement procedures and decisions while ensuring that they still suit the needs of your
stakeholders.

Resources are finite, the method is sustainable, and the outcomes are economic, social, and
environmental.
Resource scarcity  keyword: efficiency

output
Productivity =
input

virtual output wiegthed ∑ of outputs

Efficiency = =
virtual input weighted ∑ of inputs

In conclusion:

We can make a conclusion that it is actually depends on every individuals either they would
pay for the resources or not depends on every occasion and for example we don't pay for air
since it's everywhere, thus scarcity is all about how precious resources are allocated. It wasn't
everywhere in the movie, therefore it was a rare resource by definition. Scarcity has a
somewhat different connotation in economics than it does in everyday life. It is described as
scarce if anything has a positive price tag.

The discovery and use of strategies for distributing limited resources is crucial to the aim of
economics as a whole. Who receives a rare resource, and how can they be distributed fairly?
Due to the fact that limited resources have a value higher than zero (a 'positive price tag,' they
may be distributed based on who pays the highest price for them. One option to access
additional rare resources is to purchase them with another scarce resource (money), which
implies a value trade-off.

We may deduce from this logic that there are three key issues in economics when it comes to
scarcity:

What are you going to make?

What is the best way to produce?

What is the best way to spread production?