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Global Supply Chain Blog
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
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
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
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 to… Read the rest
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
Traditional and Green Supply Chain
Traditional Supply Chain
In a traditional supply chain, the flow of materials and information is linear and from one end to other. There is a limited collaboration and visibility. Each supply chain partner has limited information regarding, for example the carbon footprint and Green House Gas emission of the other partners. Hence, each player may be concerned about his own footprint and may try to reduce this, irrespective of the impact on upstream and downstream supply chain. There may… Read the rest
Green Supply Chain: Carbon Management
With emerging regulations on carbon emissions, all organizations will be probably affected by Carbon Management. Therefore organizations are starting to take notice.
“For many people the terms Carbon Management and Green Supply Chains are synonymous, however, rather obviously, the two are different. Carbon Management, though a vast subject in its own right, is just one small subset of the overall Green Supply Chain framework. For example, an organization can outsource most of its carbon producing activities to locations in jurisdictions… Read the rest
