Author Archives: Vivek

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Life Cycle Engineering

Advancement in technology and the abundance of raw material has resulted in the increased consumption of products and services leading to increased production and then eventually, increased waste products. All these activities have a toll on the environment. Organizations are producing more and users are consuming more than ever before in history; the world population is ever increasing and consequently, more waste is being produced and will continue to be produced if it is not checked. Organizations underestimate the real… Read the rest

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Life Cycle Management

Life Cycle Management (LCM) is an integrated approach to managing the total life cycle of products and services for sustainable consumption and production. LCM takes the concept of life cycle engineering (LCE) further as the focus is not only on a particular product, but uses the activities of all those partners in the supply chain who actually manufacture and service the products.

 

Life Cycle Management need not be expensive or complex to implement and also LCM helps companies to… Read the rest

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Drivers of Green Supply Chain

There are five type of environmental stakeholders group who drive green initiatives within an organization:

1.     Regulatory stakeholders, who either set regulations or have the ability to convince governments to set standards

2.    Consumers,  who seek emotional resonance alongside the cost and convenience factors of where and when they buy a particular product

3.    Organizational stakeholders, who are directly related to an organization and can have a direct financial impact on the organization

4.    Community groups… Read the rest

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Green Supply Chains and Corporate Social Responsibility (CSR)

 

One of the best definitions of Corporate Social Responsibility is perhaps provided by Archbishop Desmond Tutu’s The Benchmark Foundation. It states:

“Corporate Social Responsibility (CSR) is the decision-making and implementation process that guides all company activities in the protection and promotion of international human rights, labor and environmental standards and compliance with legal requirements within its operations and in its relations to the societies and communities where it operates. CSR involves a commitment to contribute toRead the rest

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Benefits of Green Supply Chain

 

Positive impact on financial performance

Despite ample evidence to the contrary, there persists a myth that going green costs additional expense. Some of the factors responsible for persistence of this myth are inertia, the lack of a systematic approach and an unwillingness to engage in sustained and changed thinking that is necessary to create a green supply chain.

However, the most fundamental benefit of Green Supply Chains is a positive long term net impact on the financial performance of… Read the rest

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