Sustainability Supply Chain
The supply chain management is the systematic process that a company adopts in order to manage the sources, obtaining of inputs, and process of manufacturing of the products and their supply to the customers. The top most important objective of a supply chain is to meet the customer demands by efficiently utilizing the resources that composed of labor, stock, inventory, and the distribution capability. The supply chain includes all activities that an organization performs such as, planning, sourcing, treating, manufacturing, and the supply of the services and products. With the industrial globalization, there is an increase in visibility and awareness of environmental and social impacts of sourcing and processing the raw materials. …show more content…
According to ----- sustainability is the consumption of natural resources without degrading the human, natural, physical and intellectual capital. While according to --- sustainability is the business approach that creates value for the shareholder in long term by managing risks and opportunities. While the sustainability in the context of business, it is the role of business in addressing the social, human, environmental and corporate governance problems. According to the Institute of supply management, the business ability that able the business to meet its need without degrading or disturbing the needs of future is called …show more content…
Majority of international business have the strategy for greenhouse gases reduction, and for shrinking carbon footprint.
The companies are taking more initiative towards emission reporting requirement for their environmental and social responsible portfolio. Some of the reputed companies also showed their concerns about community recycling projects as well as towards labor rights.
An effectively sustainable supply chain is based on suppliers, raw material providers, interconnected business, logistics, and transports are all based on good sustainability practice.
The UN environmental policy agency estimated that around three-quarters of the total of greenhouse gases emission is from the supply chain. It is also estimated that the supply chain acquires the 50%-70% of the total expenses of a business. Most of the major businesses are now considering the fact that having a sustainable supply chain is not only a nice thing to have; in fact, it is a business imperative that is crucial for a business