Sustainability And Supply Chain Analysis

1988 Words8 Pages
1) Introduction Making decisions is a crucial part to any person or an organization, because that decision is taken after taking many factors into considerations. Even after a deep analysis of the factors that we take into consideration we still may go wrong in calculating some uncertainties which would make may mislead our decisions. So, we take decisions in a circumstance where we will be having a number of options and in search for optimal solution. Sometimes we do not take some uncertainties into consideration as they are menial to affect our future circumstances when a particular decision is made. In this review we are going to look into the topics of sustainability and supply chain. The article deals with the different paths that can be chosen by Small and Medium sized Enterprises in order to implement sustainability. Lately all became a bit cautious about the environment and are looking for different ways to develop sustainability. It is addressed to only small and medium scale enterprises as they can give a good competition to all the multi-national enterprises. Sustainability is to be viewed as just an another factor which should be included in the planning process. There is a strong connection between business and sustainability. It is important to maintain ecological balance, we have been taking a lot from the natural resources and giving out the waste which cannot be recycled or ever used again. If SME's get into sustainability then it would be very resourceful MNE's too. The next article which has been chosen mainly talks about the risks involved in the selection of a supply chain by a giant firms. Traditionally supplier selection is based on the performance criteria, but the risk is gaining its importance as there... ... middle of paper ... ...adopting new sustainable strategies, through smaller firms can more quickly evolve technologies and markets that are disruptive, rather than fighting through frustrating organizational conflicts. Networking should help to progress towards sustainable development, rather than disruptive influences generated by single SMEs. The sustainable supply chain is also a good opportunity for better economic performance. Global supply chain networks are frequently subjected to severe disruptions. The ecosystem approach used for the classification of risks seems to be the right way to move forward as it not only considers the risks emanating from the supply chain but also from the entire ecosystem which affects a chain. The methodology is generic and can be easily applied to any particular situation. Also, the method can be easily extended to other similar selection situations.
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