The importance of supply chain sustainability for business transformation
Supply chain sustainability is a holistic view and consideration of the environment and human impact of an organization’s product journey
throughout the supply chain starting with sourcing raw materials, manufacturing or production, storage, delivery logistics and related
transportation. Sustainable supply chain goals for an organization would amount to measuring environmental impact by minimizing energy
usage, water consumption and waste production. Ultimately, the desired goal is to have a positive impact on the communities involved in end-to-end supply management operations of business.
Sustainable Supply Chain Goals
For your business to have a sustainable supply chain, you must integrate ethical and environmentally responsible practices into your supply chain management. It is possible to create a responsible supply chain that draws financial benefits in a competitive market. A sustainable supply chain considers inclusion of green initiatives, transparency and circularity in its actions. A green supply chain would consider responsible environmental processes starting with sourcing, manufacturing, operations and end-of-life management. As an organization your intent and action to willingly and openly declare information about your supply chain processes would contribute to transparency. And last but not the least, a circular supply chain involves putting back resources into the economy with the benefits of recycling.
Benefits of a Sustainable Supply Chain
There are many benefits of having a sustainable supply chain, of which the key ones are cost control, minimizing risk and reputational growth.
Investment in supply chain sustainability and transparency therefore are becoming important to organizations worldwide, today. When
companies invest in, and successfully green their supply chains, they not only lower cost, but also transform into a green enterprise, and
An irresponsible supply chain would tantamount to risky situations with supply chain management by putting the organizational reputation at
risk. In contrast, with a sustainable supply chain, organizations can protect themselves from unwarranted vulnerabilities that may arise due to
irresponsible practices in the supply chain. An organization with an end-to-end sustainable supply chain would attract customer loyalty far
more than those that are not as has been proven in the last couple of years, with consumer awareness and preferences in favour of green
Exalogic’s Supply Chain Management Expertise
Organizations going green with digital transformation are one step ahead of their counterparts in terms of having a competitive edge in the
market. Digital transformation also enables them to not only meet but also exceed sustainability standards. Green enterprises are benefiting
from a transformed and sustainable supply chain with innovation, cost and risk control, and business growth working in parallel. At Exalogic,
we help businesses take advantage of modern and powerful technological innovations including state-of-the-art centralized business
systems and smart supply chain planning tools to add the value your company needs for sustainable operations.