There are also regulatory and compliance reasons to focus on supply chain sustainability. Today’s supply chain professional plays a central role in developing and executing their company’s sustainability programs. The supply chain is one of the most impactful components of a company’s sustainability efforts. A sustainable supply chain demonstrates a long-term commitment to procurement and supply chain management that considers "the environmental, social and economic consequences of design, non-renewable material use, manufacture and production methods, logistics, service delivery, use, operation, maintenance, reuse, recycling options, disposal, and suppliers’ capabilities to address … There is a very interesting article on “Sustainable transport: Is it the future of supply … Sustainability is therefore a strategic play, to be backed by investment and innovation, says Mike Landry, global supply chain service line leader at digital transformation experts Genpact. Supply chain sustainability delivers business value: It reduces costs, spurs productivity and in some cases drives returns. Companies looking to become more sustainable are increasingly looking beyond their own operations to the impact of their supply chains. An efficient, well-managed supply chain creates value and helps a company gain a competitive advantage. “COVID-19 has forced supply chain leaders to focus on short-term priorities in 2020, implementing agile responses to … Transportation. The process can involve everything from a warehouse’s source of power to the transportation of goods and beyond. Sustainable supply chain management (SSCM) is the strategic, transparent integration and achievement of an organization's social, environmental, and economic goals in the systemic coordination of key inter-organizational business processes for improving the long-term economic performance of the individual company and its supply chains. Apart from the use of renewable energy in their business operations, companies have also adopted waste management … Supply Chain Management Ricoh Group Supplier Code of Conduct The Ricoh Group Supplier Code of Conduct covers topics including human rights, environmental conservation and as of 2016, a clause on the freedom of association based on the International Labour Organization (ILO) Convention. How does your process stack up? Here are a few ways you can make your supply chain more sustainable and reduce its environmental impact as a whole. $3bn+ spent annually with diverse suppliers #2 ... An effective management system is the key to identifying risks, reinforcing values, and driving change. However, a responsible supply chain is not necessarily sustainable. By spreading good business prac-tices around the globe, it has enormous potential to contribute to Sustainable supply chain management can save money. Typically, sustainability initiatives include identifying the source of raw materials, ensuring good conditions for workers and reducing the carbon footprint. Duration: 8 weeks (excluding orientation). Each year brings more progress as public attention increases and the supporting processes and technologies advance and mature. First, there are supply chains that operate within legal limits and comply with agreed-upon contractual requirements. Sustainability and its interpretation in supply chain management is an emerging requirement for decision-makers. Find a 3PL that prioritizes recyclable goods, or one that can deliver eco-friendly materials to your business in a cost-effective way. Our strategy to minimize damage to the environment is to reduce emissions and energy consumption at every step of our workflow, including transportation. These strategies are hierarchical. Sustainable supply chain. Sustainability is a continuous concern among governments, citizens, and businesses. From the growth of disruptive technologies, to increasing social and environmental challenges, organisations are feeling the pressure to rethink operations, and harness the latest technology to create efficient, resilient and sustainable supply chains. supply chain poses, but also because of the many rewards supply chain sustainability can deliver. What is Sustainable Supply Chain Management (SSCM)? Through green logistics practices and sustainable supply chain management, we minimize our impact on the environment, preserve our natural resources and fight climate change. Indeed, sustainable supply chain management can be a strong driver of value and success – for business as much as for society. Supply chain management is evolving at a rapid pace. Sustainable Supply Chain Management and Social Sustainability Although a certain conceptual diversity is expected in relatively young fields, SSCM seems to bring an additional challenge by dealing with the integration of two complex concepts, such as sustainability and Sustainable supply chain management means looking at as all materials to learn what kind of "ingredients" your product is using. Look at each component of your supply chain to determine how they currently impact the environment. Address … Sustainable supply chain management starts with being aware of your company’s environmental, social and economic impact and, most importantly, making the necessary changes to lessen it. As a larger number of businesses are moving to adopt sustainability practices in their supply chains, it will be possible to make the world cleaner and greener. We know that logistics optimization through technological innovations and data integration can make supply chains more efficient and more financially sound. Consider every single one of your suppliers, the unique challenges they face, and what you may be able to do to make improvements. All partners in these supply cha… Sustainable supply chain management always has to consider in its goals economics (costs), ecology (environment), and social factors (people). Investors and consumers are requiring increasingly robust social and environmental action from organizations. Definition of Sustainable Supply Chain Management (SSCM): SSCM may be perceived as the proper management of related environmental, social, and economic impacts in constructing and maintaining effective and efficient global supply chains. Sustainability Hub Norway and EcoVadis invite you to a webinar on the future of sustainable supply chain management, in collaboration with Ethical Trade Norway. Today’s supply chain professional plays a central role in developing and executing their company’s sustainability programs. Learn more. Sustainable supply chain management Supply chain sustainability is now a business imperative fueled by the demands and requirements of consumers, governments, investors, and third parties. They are tasked with finding smarter ways to reduce waste — not just cost, but also miles and emissions. ... We’re also committed to transparently reporting on our activities at every step in our supply chain. The remaining modules are drawn from a pool of options. About Sustainable Supply Chain Management. They are tasked with finding smarter ways to reduce waste — not just cost, but also miles and emissions. Supply chain management (SCM) is the planning and oversight of the entire supply chain, from people and activities to resources and products. The Louisiana Tech sustainable supply chain management program prepares students to oversee and coordinate all the logistical functions in an enterprise, from acquisitions and purchasing to shipping and transportation with a concentrated focus on sustainability. Program: Join us for a deep dive into sustainable supply chains. Expecting Supply Chain Sustainability. A high-functioning supply chain—the entire hierarchy of organizations, including energy providers, involved in making and distributing goods—can allow a consumer company to manage two types of sustainability-related risks. This week, Alpega was selected as a winner of the SDCE Green Supply Chain Award for 2020 by Supply & Demand Chain Executive (SDCE), the only magazine in the supply chain industry covering the entire global supply chain.. Supply chain sustainability (SCS) is a holistic view of supply chain processes, logistics and technologies that affect the environmental, social, economic and legal aspects of a supply chain's components. Why it is important to us and our stakeholders Using the transfer of this sustainability triangle to the target function in supply chain management (SCM), the complexity of the topic becomes clear. Embracing big data is an essential principle of modern SCM, specifically real-time data which has the potential to improve the efficiency of a supply chain and negate potential risks to strategy. SSCM encourages governance practices at all levels of lifecycles of goods and services that … They are asking suppliers to … There is a requirement to undertake at least one optional module specifically on sustainable supply chain management. In addition to spurring sales, looking for ways to embrace sustainability helps companies save on energy, materials, and transportation. Whether it's switching to electric-powered vehicles or funneling rain runoff into the landscaping, efforts typically pay off by reducing expenses. We can evaluate your suppliers and learn what goes into making their materials which become a part or your product or supply chain. The supply chain organization is well-positioned to help the enterprise balance its profitability and purpose goals as it shifts to supply chain sustainability. One type of risk has to do with the sustainability impact of providing goods and services to customers. Map Your Supply Chain. A responsible supply chain, for example, must also be legal and ethical. An increase in climate change awareness, the harm of greenhouse gas emissions, and waste management bring a growing demand for action. One of the crucial components of sustainability is proper food supply chain management. Figure 1 identifies four broad strategies for supply chain management: legal, ethical, responsible, and sustainable. 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