Remove Company Remove Metrics Remove Sourcing Remove Sustainability
article thumbnail

Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

article thumbnail

Sustainable Manufacturing: Processes & Solutions Guide

Unleashed

Sustainable manufacturing is about product creation that doesn’t deplete natural resources or harm the environment. It’s a blend of innovative technologies and eco-friendly practices that companies might implement, including the use of renewable energy sources, recycled materials, and more durable product designs which are easier to repair.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From the Barley in the Fields, to the Beer in Our Hands: Carlsberg’s Sustainability Journey

BlueYonder

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.

article thumbnail

10 Steps to Sustainable Supply Chain Management

Logility

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.

article thumbnail

Creating a Sustainable Supply Chain Strategy: The IKEA Story

ivalua

Companies that fail to adapt to climate change will go bankrupt without question. IKEA has one of the most ambitious sustainability initiatives out there, embodied by what they refer to as IWAY. IWAY is IKEAs supplier code of conduct for responsibly sourcing products, services, materials and components.

article thumbnail

ERP Aids Your Sustainability Initiatives

QAD

Sustainable manufacturing refers to the ability to manage manufacturing operations “in an environmentally and socially responsible manner,” according to the Organization for Economic Cooperation and Development. In their 2020 sustainability report, Whirlpool announced record low levels of energy and water intensity in their plants.

article thumbnail

Rating Sustainability Performance: An Essential Business Metric

EcoVadis

Last month ING Wholesale Banking launched their Sustainable Improvement Loan, with EcoVadis as a key partner providing our Business Sustainability Ratings that are used in the loan rate calculation: When sustainability performance improves, the rate goes down! Why is it advantageous for a company to seek an EcoVadis rating?