Strategic Supply Chain Management:
Table of Contents
Content Introduction What is Supply Chain Sustainability? Why is Supply Chain Sustainability important? Traditional supply chain vs sustainable supply chain Advantages of Supply Chain Sustainability Strategies to implement sustainability in supply chain process Step1: Access the current supply chain Step 2 Access Environment: Current, Potential, and Future Impact Factors Step 3: Evaluation: Identifying Potential Risks and Opportunities Step 4: Extend or Re-design the Supply Chain Strategy Step 5 & step 6: Implementation with the Sustainable Supply Chain Scorecard Conclusion References
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Strategic Supply Chain Management:
Topic: Strategies to implement sustainability programs in the supply chain firms Introduction: Environmental issues are becoming the main concerns of many global supply chain practitioners in today’s world. In order to address these emerging environmental issues, businesses around the globe are looking for a total solution on the reduction of the waste generated from the current supply chain process. Meanwhile, implementation cost that is needed to implement these environmental issues plays a major part in their considerations in selecting an implementation strategy. Recent studies by Carter and Rogers (2008) emphasised that sustainable supply chain development in terms of social, economic, and environmental benefits should be taken into consideration in a supply chain practice. More specifically, supply chain management can be defined as the integration of the social, economic, and environmental practices within a global supply chain that provide green products, excellent services and accurate information sharing that beneficial to all employees, shareholders, business partners and the wider community. The intent of this research is to propose strategies to implement sustainability in supply chain firms. There are many different strategies have been used by the supply chain firms. This report analysed six step process approaches to implement sustainability in the supply chain process.
What is Supply Chain Sustainability? Supply chain sustainability is the management of environmental, social and economic impacts, and the encouragement of good governance practices, throughout the lifecycles of goods and services. The objective of supply chain sustainability is to create, protect and grow long-term environmental, social and economic value for all stakeholders (consumers, community, government, society, employees etc).
Why is Supply Chain Sustainability important? There are many reasons why companies start a supply chain sustainability journey. Primary among them is to ensure compliance with laws and regulations and to support international principles for sustainable business conduct. In addition, companies are increasingly taking actions that result in better social, economic and environmental impacts because society expects this and because there are business benefits to doing so. By managing and seeking to improve environmental, social and economic performance and good governance throughout supply chains, companies act in their own interests, the interests of their stakeholders and the interests of society at large. According to Penfield (2009) Supply chain operations are fundamental to sustainability performance and supplying for sustainability is being touted in management circles as the future of competitive supply chains.
Traditional supply chain vs sustainable supply chain Conventional supply chains are more interested in serving the purpose of logistics than optimization. On the other hand a focus on sustainability aims at creating and protecting value with reference to long-term social, environmental and economic components in bringing goods AHMG Kibria Page 2
Strategic Supply Chain Management:...
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