Benefits of Sustainable Global Sourcing Essay

Benefits of Sustainable Global Sourcing Essay

Length: 1692 words (4.8 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

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...

... middle of paper ...

...n time.

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.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Globalization and Sustainable Development

- Over the past few decades there have been discourses both in favor and against Globalization’s capacity to guarantee a sustainable future. Authors attest societies and businesses’ inability to account for ecological and environmental limits when dealing with economic growth, examples of this are some of the traditional business metrics used by most global companies, and nations’ measure of wealth (GDP); both sides heavily resting on economic factors, fail to account for societal and environmental concerns (Byrnea & Gloverb, 2002)....   [tags: Globalisation, Technology, Development]

Powerful Essays
1985 words (5.7 pages)

Sustainable Cities? Essay

- Earth is a planet full of resources that organisms have shared over millions of years. The problem is that human activity is increasing pollution and carbon footprint, largely on the last years. How is this affecting us and other organisms. To find the answer to this question there has to be a clear definition about carbon footprint and pollution. Carbon footprint is the amount of gases that are released during human activities, gases such as carbon dioxide, methane, and carbon monoxide (“Carbon Footprint”)....   [tags: carbon, pollution, enviroment]

Powerful Essays
1359 words (3.9 pages)

The Movement Of Sustainable Human Resource Management Essays

- Introduction Since the Industrial Revolution of the late 1700’s and early 1800‘s organizations have become increasingly prosperous. With this rapid growth, however, has come irresponsibility in the management of business resources. This irresponsibility increases the costs to the company and is also taxing on the environment, increasing: ozone depletion, deforestation, and global warming (Shrivastava, 1995, p. 936). Sustainability in the business sector goes beyond environmental initiatives and includes the company’s financial and managerial performance, and employee quality of life....   [tags: Sustainability, Corporate social responsibility]

Powerful Essays
835 words (2.4 pages)

Business Plan For M & S Essay

- Plan A: What’s in it for M&S. Who is Marks and Spencer. “Marks and Spencer plc (also known as M&S) is a major British multinational retailer headquartered in the City of Westminster, London. It specialises in the selling of clothing, home products and luxury food products. M&S was founded in 1884 by Michael Marks and Thomas Spencer in Leeds.” (Wikipedia, 2016) What is Plan A. According to M&S, “Plan A is our way to help protect the planet – by sourcing responsibly, reducing waste and helping communities.” (marksandspencer, 2016) M&S started Plan A in 2007 making 100 commitments to reduce the social and environmental footprint of the business across all that they do....   [tags: Sustainability, Sustainable development]

Powerful Essays
1101 words (3.1 pages)

Global Sourcing & Logistics Essay

- Introduction Logistics is a concept that entails translocation of products from the selling point to the designated destination. This includes movement of products across international borders and delivering them to designated locations. Such translocations have inherent risks and other associated costs that must be covered by different parties based on the agreements. Dynamics of operations in different countries has led to unification of various logistics standards and related issues. Some regions possess higher risks and overhead translocation costs due to restrictions and infrastructure condition in such regions....   [tags: delivering, translocation, INCOTERMS]

Powerful Essays
1939 words (5.5 pages)

Sustainable and Responsible Supply Management Essay example

- Sustainable and Responsible Supply Management Ford Motor Company continues to improve their sustainability performance throughout its supply chain system, through their advanced supplier partnership initiatives. The automobile supply industry can be one of the most complicated of any industry. Automakers like Ford rely on thousands of tier-one suppliers to provide the materials, parts and services to make its final products. Since, many suppliers serve multiple automakers, and those suppliers, in turn, have multiple suppliers....   [tags: code of conduct, sourcing, ford]

Powerful Essays
965 words (2.8 pages)

The Company 's Challenges On Energy Consumption, Sustainable Sourcing, And Sustainable Packaging

- The company 's challenges on their reduction in energy consumption, sustainable sourcing, and sustainable packaging. The Goodyear Corporation has areas of opportunities that they need to focus on power consumption which consists of energy, water, and GHG emissions. So, let 's discuss these issues on how to improve Goodyear 's efficiency: Energy. The company has a global data management system that tracks their energy and water usages so that they can continue to improve their accuracy, which will give them real-time energy data....   [tags: Carbon dioxide, Greenhouse gas]

Powerful Essays
860 words (2.5 pages)

Global Sourcing Essay

- Why would a company go international. There are many reasons why companies would go international, but generally a company goes international so they can seek opportunities in domestic markets, or they seek solutions to problems that cannot be solved through domestic operations. There are many profitable possibilities by going internationally and these include greater profit potential, offers new locations to sell products, it may provide better access to needed raw materials, it may access to financial resources from many nations, and lastly it may allow labour-intensive activities to locate in countries with lower labour costs....   [tags: essays research papers]

Free Essays
600 words (1.7 pages)

Creating a Sustainable Society Essay

- In today’s global economy, sustainability has developed into a significant part of life because it symbolizes how a society can retain their current use of resources without having them run out. In order for us to continue to appreciate the quality of life, we must meet supply and demand without destroying the environment for future generations. “A sustainable society is one that has learned to live within the boundaries established by ecological limits” (Sustainability refers, 2007). Sustainability has also influenced the triple bottom line of fish farming by providing economic, social, and environmental benefits....   [tags: Sustainable Societies]

Powerful Essays
896 words (2.6 pages)

Essay about Education For Sustainable Development And Global Citizenship

- ESDGC stands for ‘Education for sustainable development and global citizenship’. The National Assembly for Wales (2014) states that “ESDGC seeks to give learners… an understanding of the impact of their choices on other people, the economy and the environment.” Firstly, looking at why ESG or ‘education for sustainable development’ should be incorporated into primary school lessons. This generation of children are entering a world that is bigger and more open to them than it has been for any other generation....   [tags: Global warming, Natural environment, Learning]

Powerful Essays
1604 words (4.6 pages)