This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In today’s interconnected global economy, sustainability within supply chains and logistics has become a necessity rather than an option. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority.
The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Retrofitting existing infrastructure with energy-efficient technologies further enhances sustainability efforts.
From balancing cost-efficiency with ethical sourcing to enhancing transparency and integrating corporate social responsibility (CSR), businesses face mounting pressure to align their operations with sustainability, technology, and energy practices. The energy sector provides a compelling example of CSR-driven compliance.
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite. Despite recognizing these risks, only two companies have comprehensive traceability commitments.
2022 was the year of corporate commitments to sustainability, and 2023 is the year where promises become proposals, mission statements become metrics, and aims become actions. Companies will have to report on sustainability in a similarly controlled way as they do their financials.
Aside from creating products that have sustainable benefits, Siemens has increased the value of their offerings by focusing on the traceability and data verification of their products. They are working on combining the real and the digital world as they believe digitalization is a key enabler for sustainability.
Supply chain sustainability can mean a lot of things to a lot of people. As I have written about before, supply chain sustainability , or the notion of going green, is a hot topic as companies and countries look at their overall carbon footprint and look for ways to be more environmentally friendly.
The Future Of The Supply Chain Starts With Sustainability. the coming year may look a little different regarding sustainability. The Importance of Supply Chain Sustainability for 2022 and Beyond. Between the Paris Agreement and shifting consumer values, sustainability isn’t optional. Making Supply Chains More Sustainable.
Driving Sustainable Growth Through Supply Chain Resilience. The question is, how do we navigate our way out of this never-ending chaos to continue driving sustainable growth? Driving Sustainable Supply Chain Change. Driving Sustainable Growth Through Supply Chain Resilience. HOW DID WE GET HERE? MORE FROM THIS EDITION.
Retailers implementing these solutions are seeing improvements in customer engagement metrics and repeat purchase rates. Agent AI is emerging as a game-changing tool for understanding and responding to customer behavior in real-time.
We’ll examine the key components of efficient supply chains, explore essential performance metrics, and uncover the fundamental drivers that influence efficiency. Efficient supply chains strengthen collaborative relationships through automated communication systems and shared performance metrics.
“A ‘big bang’ approach, applying a one-size-fits-all AI solution, is not viable in an environment where industrial-grade solutions are needed to meet health, safety, and sustainability goals, Mr. Masson points out. Not all the transactional data, just the data required to calculate a metric or make a decision.
When it comes to sustainability , many business leaders are feeling the pressure to act. found that while 93% of people believe sustainability and social factors are more important than ever, 91% of business leaders face major challenges with sustainability and ESG initiatives. From product design to last mile sustainability.
In the first conference segment in the afternoon, the theme shifted to Sustainability – a subject that was hardly discussed at LogiSYM just a few years ago. In terms of metrics, compared to traditional polyester yarn manufacturing, Greenspun requires 20% less water, uses 50% less energy, and produces 55% fewer carbon emissions.
For instance, Summit Materials uses the Samsara Connected Operations Cloud across its 4,000-vehicle fleet, centralizing data on fuel usage, emissions, and diagnostics to improve fuel efficiency and advance sustainability goals. Additionally, the increased connectivity that enables real-time data transmission also raises cybersecurity risks.
But before you start measuring everything in sight – and a few things not in sight – start with a set of thoughtful intentions and questions that will guide you to the right set of metrics and the right set of expectations. Cash-Cash Cycle Time; Return on SC Fixed Assets; Return on Working Capital ASCM SCOR Metrics, Supply Chain Council.
Achieving full-scale sustainability and circularity cannot happen without end-to-end alignment, hierarchical connectivity, integration of all parts of your supply chain, performance metrics, and business processes. Sustainability & Circularity in Your Supply Chain Planning was first posted on May 18, 2021 at 8:32 am.
Key elements to include: Sustainability Goals and Metrics: Define clear sustainability goals aligned with the company’s overall objectives. Introduce relevant metrics for measuring environmental impact like carbon emissions, water usage, and waste generation. Consider minimal packaging designs to reduce waste.
Combine data from: Enterprise Resource Planning (ERP) systems Transportation Management Systems (TMS) Warehouse Management Systems (WMS) Internet of Things (IoT) sensors Supplier portals Customer relationship management systems (CRM) Performance Metrics and KPIs Performance metrics measure how effective your supply chain is.
Only supply chains that are agile, adaptable, and aligned provide companies with sustainable competitive advantage.” Reward teams for cross-functional metrics. We like the metrics of growth, on-time and in-full orders, operating margin, inventory turns, and Return on Invested Capital (ROIC). ” Hau Lee, October 2014.
ESG Sustainability Reporting As procurement’s intelligent source-to-pay and supplier collaboration platform, JAGGAER One enables customers and stakeholders to achieve their environmental, social, and governance (ESG) objectives by simplifying, automating, and embedding sustainability principles directly into our software solutions.
With this mounting pressure to commit to Net Zero and CPOs goals and incorporate sustainabilitymetrics into all aspects of procurement decisions and processes, businesses are looking to elevate ESG strategies with a mind for climate change, ethical social practices and stronger governance models.
The goal isn’t to simply survive from one to the next, but to create a durable, resilient ecosystem that can thrive in the short term and sustain itself in the long term. . Forbes calls sustainability “the challenge of the 2020s,” and warns that “there’s a gap between sustainable mission statements and the ability to carry them out.”
The group’s response is, “Are these supply chain metrics?” ” For many stuck in the myriad of functional metrics, like Operational Efficiency (OEE), Purchase Price Variance (PPV), or transportation cost, a focus on growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) is a stretch.
A plan for achieving truly sustainable supply chain management — from the capabilities you’ll need, to the policies you should put in place, to the systems that will help you achieve it. . Here are 10 steps towards sustainability to guide your efforts: 1. Construct the business case for a sustainable supply chain.
According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. Therefore, the most impactful solution in working towards international sustainability efforts would be to avoid generating food waste and loss. Enable Sustainability with DELMIA.
When you get these three elements working together, that’s when you start seeing real, sustainable improvements in your supply chain performance. Performance Management Having just three key metrics at each organisational level is a good idea for performance management in logistics.
Several factors contribute to this such as ESG (Environmental, Social, and Governance) initiatives by companies opting to conduct business with suppliers with more sustainable practices, or push by the governments for domestication or near shoring of supply chains. If not, S&OP can risk becoming increasingly irrelevant!
Value-building sustainable business practices must start at the top — here’s what enterprise business leaders should be doing to make sustainability part of their culture and operations. To be effective, sustainable business practices must originate at the top, and they must extend through all tiers of the supply chain.
As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. For instance, a student interested in sustainable supply chain practices might choose courses focused on green logistics, ethical sourcing, and environmental impact assessment.
This requires a strategic approach focused on efficiency, quality control, and sustainable growth. Production Capacity Analysis While traditional testing methods can be time-consuming and offer incomplete data, focusing on key production metrics within the manufacturing process provides more actionable insights.
Companies are being pressured on all sides to commit to Net Zero and CPOs should build their Net Zero goals by evaluating sustainabilitymetrics into all aspects of their procurement decisions and processes. Now is the time to act, and to engage your supply chain on this important global issue. Sounds interesting? Sign up HERE.
In the rapidly evolving landscape of the automotive industry, the integration of sustainability and profitability has emerged as a critical focus area. In this blog post, we’ll summarize the key points discussed in their recently released ebook, “ Delivering on the Promise of Delivery: Automotive Sustainability and Profitability ”.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change. See you soon!
And, in recent times, this has made the critical notion of sustainability an equally vast challenge. Carlsberg’s sustainability efforts are marked by significant advancements, including achieving net zero emissions in several of its breweries and aiming to fully transition to renewable energy across all its facilities by 2040.
This blog explains The Key MRP Metrics in Supply Chain whcih every supply chain professional in Manufacturing or Distribution Businesses. The metrics that underpin MRP could be described as the balls in this juggling act. This article takes an in-depth look at the crucial metrics every supply chain professional needs to know.
How are global business leaders looking to warranty business continuity, growth and profitability by embedding effective and enduring sustainable practices in supply chain design, operations and performance management? That is what the State of Supply Chain Sustainability report has looked at for the last three years.
Thus, organizations must make sure that data are complete, accurate, timely, and consistent as well as capture the required metrics. Understanding the data, metrics and benchmarks can help the organization collaborate with suppliers to set meaningful, actionable and quantifiable goals.
Theme 4: Sustainability will become an opportunity, not a challenge for supply chains. Nailed it: Sustainability in supply chains has been evolving for quite awhile but, until recently, there has not been that much scrutiny from consumers, especially in terms of delivery.
And throughout their discussion it became clear that the drive toward more sustainable operations can play a critical role in their overall transformation as resilient businesses. It’s Time to Think About Sustainability Differently. While the concept of sustainability is not new, its role in the future of retail is.
The Supply Chain Matters blog highlights a revealing survey published this week regarding viewpoints relative to business sustainability and ESG actions which reflect both a call to action and a perspective of advanced technology enablement. . Background. Announced Survey Findings. This study, sponsored by Savanta, Inc.
The value does not have to be equal, but it needs to be real and sustained. Cash-to-Cash Metrics. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. The world would be more sustainable if we clean out our warehouses of inventory that we do not need.
This orientation is fundamental in determining what KPIs the company values, as many of them are far different from metrics managed by manufacturers relying on traditional views of success.”. The second is sustainability. The report takes a holistic approach to what a digital transformation means.
The responsibility of sustainability is no longer limited to the individual, but it extends to corporations, industries and even governments. The Group’s sustainability policy is based on three pillars: Acting for People, Acting for Planet and Acting for Responsible Trade. We are committed to preparing the supply chains of the future.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content