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! The majority of the activity in sustainable finance relies on “ESG” sustainability ratings of public companies only. How do you expect the role of sustainability ratings in business to evolve?

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. However, while technology evolves to allow better tracking of carbon footprint, there’s a potential to substantially improve overall with sustainable logistics by addressing a less often discussed but insidious problem. There’s an alarming paradox in the world of consumer packaged goods sustainability.

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Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

6 Steps to Sustainable Supply Chain Reality

Logistics Bureau

While your company undoubtedly has sustainability on its supply chain agenda, creating momentum can be tricky in what is after all, a fairly new way to approach performance improvement. How to Develop a Sustainable Supply Chain. The Sustainable Supply Chain Cycle.

Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Consider unreimbursed freight as an early warning signal, and then use these other metrics to pinpoint the sources of the problems. Choosing Metrics.

Supporting sustainability in supply chains

EFT

“So many times, I hear people questioning or being concerned about what is the cost of being sustainable,” said President of CHEP North America Laura Nador, which for her is “a silly question”. “We We actually believe that sustainability can make financial sense long term.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Once implemented, Lean has to be sustained.

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3 Initiatives Driving Sustainable Transportation and Logistics Management

BlueYonder

Recent studies have shown that transportation is the single largest source of greenhouse gas emissions in the United States. Department of Energy calculated that CO2 emissions from transportation surpassed two billion metric tons ; it’s hard to imagine what that number looks like today. The realities of today’s complex global marketplace make fulfilling sustainability objectives anything but simple as companies navigate fulfillment, transportation and logistics challenges.

Sustainable procurement: a platform to rebuild

Proxima

Out of 502 participants from business owners to Directors, 86% said that they currently use sustainability as a metric to help shape decision making within their business. The emerging truth was that sustainability was finding its way into corporate purpose. The nagging doubt was that “sustainability sells” and that many were seeing it as a trend to capitalize on rather than a movement to commit to wholly. The future is still sustainable.

Sustainable Logistics Practices Can Serve as a Differentiator for CPG Brands

Zipline Logistics

Sustainability is an often-discussed concept that can be a reliable source of differentiation for CPG manufacturers. And sustainability has become a standout issue for many US consumers. But sustainable logistics practices can have a profound effect on your brand.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

Only supply chains that are agile, adaptable, and aligned provide companies with sustainable competitive advantage.” We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. Focus functional metrics to improving reliability.

Sustainability, Consumption and Realistic Expectations

QAD

Source: The Globe and Mail. Sustainable Manufacturing. metric tons per capita. Nepal created the least at.007 metric tons per capita, but Nepal has little manufacturing, and much of that is agrarian. . metric tons. metric tons per capita. It’s simply to show that changing expectations have a major effect on sustainability. Sustainability is the Responsibility of Each Manufacturer.

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

Cerasis

However, while technology evolves to allow better tracking of carbon footprint, there’s a potential to substantially improve overall logistics sustainability by addressing a less often discussed but insidious problem. There’s an alarming paradox in the world of consumer packaged goods sustainability. Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers.

6 Steps to Viable Supply Chain Reality

Logistics Bureau

While your company undoubtedly has sustainability on its supply chain agenda, creating momentum can be tricky in what is after all, a fairly new way to approach performance improvement. How to Develop a Sustainable Supply Chain. The Sustainable Supply Chain Cycle.

Sustainability, Consumption and Realistic Expectations

QAD

Source: The Globe and Mail. Sustainable Manufacturing. metric tons per capita. Nepal created the least at.007 metric tons per capita, but Nepal has little manufacturing, and much of that is agrarian. . metric tons. metric tons per capita. It’s simply to show that changing expectations have a major effect on sustainability. Sustainability is the Responsibility of Each Manufacturer.

Electronics Industry: Top 3 Steps to Keep in Mind When Implementing a Sustainable Procurement Program

EcoVadis

The complexity of the electronics supply chain leads to a variety of sustainability issues, including unfair labor practices, presence of harmful chemicals and conflict minerals. Despite a push for sustainability from a few multinational electronics corporations – including Apple, Intel and Nokia – but it has been difficult to make enduring progress in eliminating dangerous practices in the supply chain. Electronics buyers play a key role in achieving sustainability initiatives.

Exponential. Collaborative. Spark. Celebrate. Home. Sustain 2017 Inspires Sustainable Supply Chain Leadership

EcoVadis

For our 10 years anniversary, EcoVadis received the best gift ever: Hundreds of professionals in sustainable procurement, CSR and supply chain came together in Paris to share, network, learn and present at EcoVadis Sustain 2017, and our Rock-In-A Free World celebration in Paris this month. This strategy was echoed in the Johnson & Johnson / Tessy Plastics workshop which detailed their buyer-supplier collaboration to drive sustainability to deeper tiers of the supply chain.

Addressing UN Sustainable Development Goal 5: Steps to Promote Gender Equality in the Supply Chain

EcoVadis

In 2015, the world got one step closer to a better future when 193 countries committed to the UN’s Sustainable Development Goals (SDGs), a framework for addressing the global community’s most critical economic, social and environmental challenges. Companies emphasizing supply chain sustainability should dedicate a special focus to the fifth SDG because these organizations play a big role in achieving this goal and ensuring equality.

The blockchain revolution: audit efficiency & trust in sustainably certified supply chains

Provenance

This report was a collaboration between Provenance , the Roundtable on Sustainable Biomaterials (RSB) and the ISEAL Alliance. It documents ideas for how certifiers can leverage blockchain technology to reduce audit inefficiency, create a single source of truth for chain of custody (CoC) tracking and support sustainability data reporting. Roundtable on Sustainable Biomaterials (RSB) and Provenance kick-off the two day workshop. Improving sustainability data reporting.

SCRC Innovation and Social Responsibility Supply Index: A Critical Input to “Drucker Management Top 250 List”

NC State SCRC

The ranking “is based on an analysis of 37 data inputs provided by 12 third-party sources. In the innovation category, metrics related to spending management, category management, strategic sourcing and supplier relationship management. In the social responsibility category, metrics related to supply chain policies, practices and results, including audits and lawsuits, with respect to human relations and the environment.

4 KPIs to Measure the Success of Your New Sustainability Strategy

AFFLINK

Whether you're trying to keep up with customer expectations or align with new industry standards, implementing a sustainability program is an absolute must. Even more challenging is establishing goals and metrics for this ever-moving target. The go-to solution often becomes determining the success of sustainability programs based qualitative measurements, rather than quantitative. Could alternative sustainable products be implemented?

A Diverse Supply Base Isn’t About Procurement…It’s A Leadership Issue!

Supply Chain View from the Field

The most important and common method for driving diversity objectives in the survey (in 73% of firms) involves explicitly building in diversity as an objective into sourcing processes. It is not uncommon to find that sourcing managers do not view diversity as a priority. An example of a metric captured in the form several key measures of commitment towards supplier diversity. I was recently involved in a survey of best practices in establishing a diverse supply base.

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. The on-going tariffs levied by the Trump administration in 2018 against China has also made this option significantly more expensive for sourcing. Recently, however, CSR and sustainability has also come to include the “human factor” implicit in this definition.

The SCRC’s Contribution to the WSJ’s Best Managed Companies

NC State SCRC

Specifically, the SCRC’s Machine Learning expert, Yung-Yun Huang, applied the algorithm developed from her dissertation , working with Professor Rob Handfield, to identify metrics in the “Innovation” category, related to companies that have the best spend management, category management, strategic sourcing and supplier relationship management.

CSR Leaders Work With UNGC To Drive Corporate Attention On Supply Chain Sustainability

EcoVadis

Before the United Nations Global Compact Leaders Summit in New York City June 22, a pre-conference roundtable session on supply chain sustainability was held at the UN Headquarters. This workshop brought together Global Compact LEAD companies and other members convened to define and bring urgency to sustainable procurement, and to discuss how they can motivate and mobilize their companies to address this next frontier in Corporate Social Responsibility (CSR) progress.

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

Supply chain network and transportation optimization can help make better sourcing and multi-stop route decisions that ultimately result in route design that balances low costs with higher service. In 2010, Walmart announced its goal to eliminate 20 million metric tons of GHG emissions from its global supply chain by the end of 2015. million metric tons to date, saying that some measures had led to a doubling of fleet efficiency.

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7 KPIs Your Procurement Team May Be Ignoring!

Supply Chain Game Changer

During sourcing projects, compliance is a valued attribute from the side of a supplier. Sustainability & CSR Parameters. For this very reason, your Procurement team needs to ensure that your procurement strategy and activities are aligned with global and local business efforts to practice sustainable development. Your Procurement team shouldn’t be looking to follow the pack, when creating sustainable development. procurement #purchasing #metrics #highperformance.

How Many Slaves Are in Your Supply Chain?

Talking Logistics

The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). As with sustainability, trade security, and product safety and quality, if you want to make progress on eradicating slavery, you have to develop a more granular and detailed understanding of your supply chain.

Supply Chain Manager – A “Green” Superhero

Logility

I grew up in a time before people knew much about being eco-friendly or “Green,” so the concept of sustainability isn’t usually at the top of my mind. The topic of sustainability and being eco-friendly is discussed in K-12 education on a regular basis.

What Is the True Cost of Eating Meat?

Supply Chain Brain

In 2016, the world’s meat production was estimated at 317m metric tons, and that is expected to continue to grow. Global Supply Chain Management Global Trade & Economics Sustainability SC Analysis & Consulting Food & Beverage Supply Chain Security & Risk Mgmt. All Technology SC Planning & Optimization Sourcing/Procurement/SRM Supply Chain VisibilityWhat are the economics of meat? Food and farming is one of the biggest economic sectors in the world.

Getting Bangladesh’s Apparel Industry on the Map

Supply Chain Brain

Chief executive officer Leonardo Bonanni was instrumental in designing the latest version of the Higg Index , a tool for allowing brands, retailers and manufacturers to assess their sustainability performance. Illegal subcontracting at Rana Plaza resulted in many foreign brands losing faith in the country as a legitimate source of offshore production. In theory, factories should be eager to be identified as legitimate sources of production, as a means of securing more business.

Supply Chain Management:Growing interest in sustainability from.

Infosys Supply Chain Management

Sustainability Services. Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Growing interest in sustainability from asset intensive organizations - Part 1 | Main | Asset in Enterprise Asset Management » Growing interest in sustainability from asset intensive organizations - Part 2. Sustainability can be even seen from the other end in the over value chain of electric utilities.

The Autonomous Supply Chain – Can we Fly by Wire?

DynaSys

John Pike , Space Policy Director at the Federation of American Scientists, said: “I can’t think of another example of this kind of large loss due to English-versus-metric confusion, It is going to be the cautionary tale until the end of time.”. Then there is the potential for using supplier capacity portals, blockchain processing, reliable news sources, and so on to guide us. Supply chain – “it’s not Rocket Science”.

Q: Food vs Fuel? A: Wrong question…We need more efficient markets!

Supply Chain View from the Field

Looking at vegetable oils, with a global population of 7B people, each consuming the recommended 40g of dietary fat per day, 365 days per year, would require just over 100M metric tons of oil. We are currently according to the USDA producing over 160M metric tons of refined vegetable oil alone. We have another 100M metric tons from animal sources.

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Corporate Risk and the Growing Case for Sustainable Chemical Management

UL EHS- Sustainability

Software platforms offer a straightforward data interface and reporting function which can access data from a number of sources, fulfilling regulatory demands and supporting business analysis. Then there’s the option to create charts and graphs to help analyze chemical inventory metrics. The post Corporate Risk and the Growing Case for Sustainable Chemical Management appeared first on Knowledge at Work.