A powerful supply chain is indicative of a strong business. Take a quick glance at companies like HP, Apple or Nike to see that being able to deliver a product quickly, affordably and reliably is essential to running a global business.
But as we continue to deplete our planet’s resources, sustainability within the supply chain will become a pressing issue. And for many leaders, it already has. “Today, sustainability has replaced cost, value and speed as the dominant topic of discussion among purchasing and supply professionals,” is what the authors of an Oracle white paper, The Shape of Tomorrow’s Supply Chains, assert.
Realizing sustainability within the supply chain is often directly correlated to how well the company is able to measure its efforts. Richard Bank, Director of the Sustainable Supply Chain Foundation, says that cost-reduction can be driven through sustainability projects, but effective measurement is necessary for these programs long-term success. Only through effective measurement can leaders truly analyze which initiatives resulted in the highest cost-reduction to investment ratio--and why.
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