Question

Going green in supply chain management – trends and challenges from emerging and developing economies.

Answer 1

Answer

Going Green” Impacting Supply Chain Best Practices

Your supply chain may adopt specific best practices & policies that allow for more green manufacturing operations while lowering operational costs. Some of top supply chain management decisions you may make include:

• Collaborating with suppliers to adopt more green initiatives
• Selecting right suppliers with streamlined RFP processes
• Enforcing transparency for greater business compliance
• Focusing on key green supply chain objectives that applies to your operations

Selecting & managing suppliers that are willing to accept your company’s sustainability objectives throughout green supply chain is crucial for success. For your company to reach this stage, a versatile & scalable resourcing & RFP technology can prove beneficial in keeping costs low as you locate right suppliers, find out what types of green processes they employ, ensure suppliers meet business compliance standards.

Benefits to a Green Supply Chain

There are several benefits to having a green supply chain. By collaborating with suppliers, your company gains more transparency into their processes. You may make instant changes when the supplier no longer offers the quality products you desire, or engages in risky labour operations / environmental practices that may cause risks to your company’s reputation. In addition, you improve communication with suppliers to strength business relationship. Lastly, you are reducing carbon footprint for your manufacturing processes by producing less waste & lowering expenses.