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The initial concept of global sourcing is to reduce cost overheads inherent to production and labor process. However, even in global sourcing, the need to reduce carbon emission has been on the forefront as companies strive to achieve higher ideal in their production process. Being sustainable in a global context requires a mix of strategies that will enable a company reduce cost while increasing profitability.
The first benefit of global sourcing is increase in a company’s sense of social responsibility (Rommahan 34). The term social responsibility holds a lot of weight because it considers several elements. First, the reduction in carbon emission leads to better air quality, which reduces the likelihood of developing malignancies that are related to poor air quality. Currently, the social systems are increasingly becoming aware of the challenges of air pollution including susceptibility to developing medical problems. This has made individuals and factions to become vocal demanding companies to reduce carbon emission and develop efficient production systems.
According to Christensen et al. (14+), sustainability on a global front leads to a reduction in cost. For instance, many companies invest heavily in commercials and other forms of advertisements. However, when a product is manufactured under favorable conditions, a strategic advertisement capturing environmental concern becomes far reaching and woes more customers to make purchase of the product. This reduces advertisement cost, which leads to an overall reduction in associated costs. A huge amount of research has shown that cost reduction by application of sustainable strategy is achievable.
When cost of production goes down, the amount of revenue increases leading t...
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Works Cited
Christensen, John, Christopher Park, Earl Sun, Max Goralnick, and Jayanth Iyengar. “A Practical Guide to Green Sourcing.” Supply Chain Management Review (2008): 14-21.
DeBolt, Tiffany. “The Cost of Waste.” Project Management Institute (2009): 1-2.
Garvin, D. A. “A Note on Quality: The Views of Deming, Juran, and Crosby.” Harvard Business School 687.11 (1990): 1-14.
Rommahan, Sonali. “Toward a More responsible Supply Chain.” Supply Chain Management Review (2009): 34-41.
Rogers, Dale, S. “Sustainability is Free – The Case for Doing the Right Thing.” Supply Chain Management Review (2011): 10-17.
Spear, Steven, and H. Kent Bowen. “Decoding the DNA of the Toyota Production System.” Harvard Business Review (2006): 1-12.
Turner, Martha, and Pat Houston. “Going Green? Start with Sourcing.” Supply Chain Management Review (2009): 14-21.
Supplying eco-friendly products has been on the Walmart agenda since the early 1990s. After a failed first attempt and much criticism, the company decided to try again. In a speech made in October of 2005, CEO of Walmart, H. Lee Scott Jr., declared Walmart would devise a “business sustainable strategy” to reduce the environmental impact the company had. Walmart could not pull this off alone. If they only focused on the confines of themselves, rather than all that they were involved with, it was estimated that they’d only reduce their impact by about 10%. To reach that goal of 100%, Walmart had to involve stakeholders to make networks which achieve sustainability. These networks proved to be vital in not only Walmart’s goal in minimizing its environmental impact, but recovering their reputation, avoiding criticism, saving money, raising awareness, improving customer satisfaction, and creating incentive for other businesses to work towards sustainability.
Outsourcing occurs when products or services are obtained by an outside supplier (Vonderembse & White, 2013). Companies may decide to outsource if it can be obtained less expensively due to specialization or the other company may have proprietary technology that gives them a competitive advantage (Vonderembse & White, 2013). This paper will analyze trade-offs for productivity improvements, discuss both the advantages and disadvantages of global sourcing versus producing in the United States, recommend a low labor cost country based on inputs, trade-offs and global advantages and give an example of a product of the specific country.
The “planet” aspect of a typical company is supposed to show how the company is benefitting the planet, ecologically, rather than destroying the Earth with pollution and waste. Better World Book’s term for the planet aspect is “loving your mother”, which applies to loving planet Earth. There is a book by Paul Hawken called, The Ecology of Commerce. In this book, Paul argues that, “a true economy mimics ecology in its circular no-waste systems and healthy fecundity of niches” (Better World Books). The company’s website discusses how they are trying to make the delivery of their books more sustainable. The company is going through a program where they know their carbon footprint and are trying to balance out the amount of carbon emissions that are generated through the entirety of the company’s production, including shipping and handling. They have done t...
Supply Chain Responsibility is the chain-wide reflection of issues beyond the narrow economic, technical and legal needs of the supply chain to achieve social and more importantly (in the ongoing era of global warming and natural disaster) ecological advantages along with the conventional financial expands. However, according to Laura Spence and Michael Bourlakis (2009) the key features of supply chain responsibility are:
Garvin, David A., "Quality on the Line," Harvard Business Review, September October 1983, pp. 64-75.
In conclusion, a number of recommendations are presented for each firm. Wal-Mart is advised to foster a more collaborative supplier relationship, especially with local entities in unfamiliar markets, as well as encouraging suppliers to build more sustainable operations through the research of efficient packaging designs. Recommendations for Toyota include revising contracts and risk management with Toyota’s current and future suppliers for stricter quality control along their supply chain, so as to ensure delivered materials are standardised. Moreover, Toyota could also enter new geographic markets though a strategic alliance with existing companies. By doing so, Toyota is able maintain thei...
Also, there is a need to focus our attention concerned with important issues: economy, environment and society. There is a rising concern over the environmental impact of production and supply chain systems (Xun Wang1, 2016). Being a fully fledged documented problem, the Bullwhip effect possibly affects many businesses in serial supply chains across a variety of industries (Metters,
Manufacturing businesses and business leaders need to increase their focus on key success factors such as: innovation, productivity improvement, investment in people & skills, and funding. Innovation is not just about retention and development, or the latest technology. It’s also about practical and efficient problem solving and business transformation. In the manufacturing industry, this can be achieved by: refining or exploring new supply and distribution channels, establishing new business offerings, developing leaner organizational arrangements, improving processes, providing a better customer experience, and accessing green, clean technology – high on the agenda for environmentally conscious customers (Performance, 2011)
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
Sustainability of the supply chain has increasingly become a crucial aspect of corporate responsibility. Apart from being good for business, management of social, economic, and environmental effects of supply chain remains the right thing to do. Constantly changing markets have created complex landscapes that businesses must navigate to build sustainable supply chains. Sustainable supply chains aim at creating social, economic, and environmental value for all stakeholders throughout the supply chain. Building sustainable supply chains not only benefits the stakeholders but also aims at safeguarding business interests. Businesses can easily become sustainable by understanding who they are and working closely with people. Nestle is company that has been at the forefront in advocating for sustainable supply through the ‘creating shared value’ platform. The report makes recommendation on the role of supply chain management in attaining sustainability.
Sustainable operation management is a management approach that involves planning, implementation and control of business operations that translate available resources into the required product or service. It is the management of business practices, traditions and operations to promote the highest level of efficiency, smooth workflow, and increased productivity in an organization. This management strategy ensures that the available labour force and materials are changed into products or services in a cost effective way to increase the company’s returns (Corbett, 2009). It also involves production waste management, food waste reduction, creating new opportunities, environment protection, and improving customer health. Sustainable operation management in the retail industry around the world has gained momentum in the recent years, in the face of customer pressure and media interest. It is particularly linked to the concepts of corporate social responsibility and global warming (Morrison, 2013).
It is important to understand clearly what a Green Business is and what makes a Business Green (Friend et al, 2009 p.2):
Jorgensen, Barbara.( 2005 June). The "greening" of the supply chain. Electronic Business, Volume 31, Number 6, pp.29-30.
As more emphasis is put on the globalization of industry, the need for environmental sustainability although as important as ever is often not included in the conversation. While the importance of the relationship between globalization and the environment is obvious, our understanding of how these twin dynamics interact remains weak. It is important to highlight that not only does globalization impact the environment, but the environment impacts the pace, direction and quality of globalization.
Mishra, P., & Sharma, P. (2014). Green Marketing: Challenges and Opportunities for Business. BVIMR Management Edge , 7 (1), 78-86.