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develop a sustainable supply chain for your business

But, this is not always a quick-fix answer. Measurement and Reporting Framework. Furthermore, as many as 52% of businesses have no idea how much they are spending on printing, routinely overspending on their budgets by £10,000 per year. How to Create a More Sustainable Supply Chain Realistically project customer demand. Please send me your fortnightly Email Bulletin. Developing a sustainable supply chain is not something you do overnight. • Building resilience into supply chains is necessary to ensure a company's long-term survival. The world’s resources really are under pressure and supply chains in particular can often be singled out for their environmental impact, with good reason. The concept of sustainable development can be attributed to the 1987 Brundtland Report, which described it as ‘‘development that meets the needs of the present without compromising the ability of future generations to meet their needs’’. Wasted orders due to poor quality or faultiness equal wasted time, money, and resources. Resource Management Associates is known for helping companies in all phases of supply chain management, from vetting suppliers to delivering supply chain documentation to product end-users. 4 Ways to Create a Sustainable Supply Chain in Your Business 1. But is your water consumption really an issue? Oct 27, 2020 | Articles, Supply Chain, Sustainability - Environment, Training & Education | 0 comments. By working closely with your suppliers and outlining your specifications, you should be able to ensure that products arrive to you right, the first time round. By making sure your supply chain is sustainable and ethical, and by minimising the negative impact your business has on the environment and society, you’ll unlock a range of business benefits. How much water do your facilities use when compared with similar organizations with warehouses of similar size and throughput? Paper still makes up a significant portion of landfill waste, even though it’s one of the easiest products to recycle and reuse. Link supply-chain sustainability goals to the global sustainability agenda Once companies know where their supply-chain issues are, they can set goals for lessening the resulting impact. For any business to achieve long-term success, the creation of sustainable supply chains is mandatory. Since sustainability often involves consuming less and achieving greater efficiency, environmental performance improvements can often lead to cost savings and a more streamlined operation. When they know what to look for, they can add granularity to your search for environmental performance excellence. The endeavour should be one of continuous improvement, as best practices, technology and renewable resources are constantly evolving. Another way to quickly cut down on distribution distance and reduce your business’s carbon footprint is to source materials closer to your manufacturing location. The companies then ask these first-tier suppliers to ensure compliance from their own suppliers. Find out by downloading our guide. With all of this in mind, it’s easy to understand how these figures can soon start to add up and hinder the sustainability goals of your business. Sustainability should not be considered as a “nice-to-have” for any company that plans to be around for a while. Being sustainable should be an essential consideration and aim for any business and your supply chain should be no different. About the Author Renée Yardley is senior vice president of sales and marketing for Sustana Group , the leader in sustainable, recycled fibers and paper products. Occasionally you may even need to go back to the drawing board. Your email address will not be published. The knowledge gained from benchmarking is essential for your company to graduate towards best-in-class performance. The next thing to focus on, once you’ve identified areas for improvement, is how to know which way is up. Whether in your own company or with your suppliers, it’s important to ensure that your business practices are sustainable for the long term. Navigant, a Guidehouse company, believes that sustainability can be a game-changer in procurement policies. environment, With the supply of raw materials dwindling, it makes good economic sense for manufacturers to take discarded materials and repurpose them. If you are currently dependent for over 30% of your income from one major source, this could be a time when you need to rapidly reinvent yourself. However, with the rise of technology and the constant evolution of smart programmes, your business can benefit enormously. How can you cut costs, whilst utilising the best suppliers at the procurement stage? The above points are just potential solutions and components to address to help achieve a more sustainable supply chain for your company. A sustainable supply chain is one that fully integrates ethical and environmentally responsible practices into a competitive and successful model. You can also subscribe without commenting. All of the suppliers you work with should have their own practices in place where they manage their own waste – and manage the sustainability of their own supply chains. Improving sustainability performance across your … It will also reduce costs and improve efficiencies, creating a better workplace for your employees and a more sustainable environment for the world. You might find for instance, that your water consumption compares favourably with your peers, but your aging warehouse lighting is consuming vastly more electricity than those fitted out with LED fixtures. Recycling is arguably the surest way to enhance supply chain sustainability. The effects reach industry leaders in the business world who are in a position to build a more sustainable supply chain by searching for new, innovative solutions. Having an effective waste management plan in place includes cutting down on unnecessary collateral... 2. Editor’s Note: This post was originally published on October 06, 2020, under the title “6 Steps to Sustainable Supply Chain Reality” on Benchmarking Success’s website. In a recent MIT SMR article, I argued that a sustainable supply chain “must operate within the thresholds imposed by nature and society.” Unfortunately, references to these thresholds are rare. If your business does not yet hold this accreditation, it is an important certification to move towards; having this policy and commitment in place can increase trust in your business from consumers and fellow businesses alike. Since print services is one of the easiest ways to make your businesses more sustainable each year – with measurable impact – it should be one of the practices that is considered carefully within your overall environmental strategy. Here at Anthesis we can help you understand where the risks and opportunities are in your supply chains using our proven methods and tools, as well as helping to develop and deliver a prioritised action programme. Building a sustainable supply chain. Figure 1 provides a framework to measure and report supply chain sustainability. This is where technology can come to the rescue. Supply Chain Mapping. If you are in the initial stages of sourcing suppliers, it’s important to remember that a low cost doesn’t always equal a high-quality supplier. By reining in printing expenditure, businesses can see an annual savings of at least 50%. Notify me of followup comments via e-mail. After conducting interviews with 70 companies, the report authors categorized companies’ approaches to building sustainable supply chain into five groups: basic, improving, established, mature and leading. US and China getting on board with sustainability commitments, 50% of company waste comes from paper alone, 70% of CPOs plan to invest in further technology, own practices in place where they manage their own waste, outsourcing to a print management company, Reevaluating your business’s printing habits, 3 Key Benefits of a Print Audit and Why You Need One Now, 6 Benefits of Print Management and How You Can Achieve Them, 7 Proven Print Audit Checklist Benefits That Will Improve Your Business, A Guide to In-House Printing vs Outsourced Printing, 5 Cost Control Techniques to Help Your Procurement Strategy, 7 Reasons to Outsource Your Print Management, How Supply Chain Management Can Reduce Risks in Procurement. You should, however, keep in mind that in order to truly lessen our businesses’ impact on the environment, ultimately we must take a broad, holistic perspective of our supply chain — it is not a siloed problem. hbspt.cta._relativeUrls=true;hbspt.cta.load(4003208, '734ce1ec-9e22-4c7e-b3ec-ca3ec6d3bab5', {}); Tags: Meanwhile, Big Data analytics, AI, and machine learning can have a significant impact on supply chains. From identifying suppliers that need your attention and simplifying audit finding and action management processes to providing capacity building tools to help create a sustainable, effective and resilient supply chain technology is most definitely part of the solution. 3. A responsible supply chain typically ensures it operates within all legal and ethical parameters. Having established improvement priorities and engaged your managers, workforce and partners, it’s time to execute steps to meet the most pressing sustainability goals. How can supply chain sustainability risks impact your business? Environment, 4 Ways to Create a Sustainable Supply Chain in Your Business. The good news is that there are multiple benefits attached to developing a sustainable supply chain. Furthermore, the people who keep your supply chain moving are the ones with visibility of the detail. When it comes to managing wasted stock, intelligent stock analysis software can monitor existing stock accurately and offer solutions. Another innovation is the circular supply chain, which involves recycling and reusing products once they have fulfilled their purpose. As with any transformation, the first step to a more sustainable supply chain is to gain an intimate understanding of the current environment. You could almost envision this as having the following steps: 1. By all means, dust off your old swim-lane diagrams if they are not too outdated, but be sure to review them all with a focus on resource consumption, waste, and efficiency. Each was headed by an MNC considered to be a “sustainability leader”—one in the automotive industry, one in electronics, and one in pharmaceuticals and consumer products. Best Regards, Rob O’Byrne Email: [email protected] Phone: +61 417 417 307, Your email address will not be published. If you're required to provide proof of a commitment to a greener tomorrow by a customer, or want to evaluate your own supplier, then Resource Management Associates can help. You can also implement it in your business supply chain. Being sustainable is no longer a case of being cutting edge; sustainability is now a given, so if you haven’t considered sustainability in your business and your supply chain, you may be vastly behind your competitors. 2. How to Develop a Sustainable Supply Chain 1. Reevaluating your business’s printing habits can help when trying to cut down on your paper footprint. 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