Green Supply Chain: Life Cycle Management

Green Supply Chain: Life Cycle Management

AUTHOR

chiefstaff

TIME TO READ

minutes 

UPDATED ON

January 8, 2019

Green Supply Chain revolutionizes the company; indeed, throughout supply chain, Green Supply Chain planning enables to minimize the environmental impact of the overall endeavour while still achieving the same results.

Everything is the 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 ensure that their choices are ecologically sound. In addition, it helps to identify opportunities to design better products, make cost reductions, gain a stronger competitive advantage, have superior strategic decision-making, identify new business opportunities and markets, improve relationships with key stakeholders and can even manage any inherent risks in the end-to-end supply chain. We will examine these aspects below.”

This life cycle management brings several advantages in terms of business competitiveness, reduced costs or new business opportunities and market, while leading to sustainable development.

Learn more about these benefits and goals of Life Cycle Management in Green Supply Chain – An action manifesto.


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Our Quick Notes On Five Flows Of Supply Chain Management

Part of our new “Quick Notes” series – this report answers your most pertinent questions of the topic.

  • What are the five flows of SCM?
  • Why are they important TO YOU?
  • How can you map, track, and optimise these flows to serve YOU?
  • What is the importance of difference between "Supply Chain" and "Value Chain"?
  • What are the stellar case studies of each of the five flows?

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  • Green Supply chain is the most important factor for upcoming era competition. Companies should analyze once their strategies according to GSM. It can reduce their expenses and increase revenue if applicable in the right way with supervisions.

  • Hey Mr. Sood Your Green Supply Chain – An action manifesto book is very useful for all of us

    Here is what I researched on lifecycle management look over here

    Lifecycle management (LCM) is an integrated and flexible approach to business management that draws on the principles of lifecycle thinking (LCT) to help businesses of all kinds – manufacturers, retailers, financial, professional – understand their environmental impacts and where they occur within the lifecycle of their operation, from raw materials through to end-of-life.

    For manufacturers, it is important to note that more than 70 percent of the environmental impacts, including resource use, of their products and of their operations have already been locked in at the design stage i.e. when the product was designed or the manufacturing process was designed. Therefore the most effective way to reduce impacts and resource use is the address these at the design stage. This is called design for sustainability (D4S). See the link below for more information on D4S and resources.

    Lifecycle management (LCM) can benefit your business financially by helping to reduce resource (electricity, gas, water, and materials) and waste costs, as well as boosting your reputation by reducing the negative environmental impacts of your business’ operations.

  • Green Supply Chain Life Cycle Management aims to integrate environmental thinking into supply chain management. This includes product design, material sourcing and selection, the manufacturing process, delivery of the final product to consumers, and end-of-life product management. Organisations in today’s business environment know that supply chain capability and capacity are key components for successfully competing in the global market economy.

  • During a product’s life, companies will need to adapt their marketing and promotional activity depending on which stage of the cycle the product is passing through. As the market develops and matures, the consumer’s attitude to the product will change. So the marketing and promotional activity that launches a new product in the Introduction Stage will need to be very different from the campaigns that will be designed to protect market share during the Maturity Stage.

  • Just about all manufactured products have a limited life, and during this life they will pass through four product life cycle stages; Introduction, Growth, Maturity and Decline. In each of these stages manufacturers face a different set of challenges. Product life cycle management is the application of different strategies to help meet these challenges and ensure that, whatever stage of the cycle a product may be going through, the manufacturer can maximize sales and profits for their product.

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