Word of the Day: supply chain sustainability

Word of the Day Daily updates on the latest technology terms |August 8, 2017

supply chain sustainability Supply chain sustainability (SCS) is a holistic view of supply chain processes and technologies that addresses the environmental, social and legal aspects of a supply chain's components as well as their economic factors. SCS is based on the principle that socially responsible products and practices are not only good for planet Earth and the people who live here, they are also good for building positive brand awareness, lowering risk and improving long-term profitability. Historically, supply chain was simply about logistics and knowing when and where goods were moving, but the rise of the digital supply chain and accompanying visibility and analytics tools has provided companies with the ability to gather data about how well each component in the supply chain demonstrates corporate social responsibility. This transparency has promoted the concept of responsible sourcing and encouraged supply chain partners to develop and share best practices for green operations and logistics. It has also allowed prospective partners to demonstrate compliance with industry best standards for worker safety, environmental protection and business ethics.   In large companies, the task of demonstrating supply chain sustainability may be given to a supply chain analyst or sustainability officer. In addition to developing and implementing programs and processes in support of sustainability, the job may also involve qualifying new suppliers, ensuring delivery and quality performance targets are achieved and supporting supplier diversity policies. Quote of the Day "More manufacturers are realizing that supply chain sustainability efforts hold more value than just good PR." - Tony Kontzer   Trending Terms green computing logistics management supply chain management sustainability risk management business sustainability digital transformation   Learning Center Monsanto IT turns data into 'decision science,' CIO says Monsanto IT is the enabler of 'decision science' across the company, according to CIO Jim Swanson. Eight keys to supply chain sustainability Supply chain sustainability is critical to businesses looking to build a competitive edge and brand image. Here's some guidance you need to know. Should companies make supply chain sustainability a priority? For ethical, environmental and revenue reasons, supply chain sustainability should be a priority for every company. Here's what you need to know. The essential guide to supply chain management best practices Supply chain management best practices include collaboration, strategy and technology. This guide provides essentials on all three. Lean and sustainability strategies meld for supply chain transformation Manufacturers are reducing waste, bolstering efficiencies and promoting more sustainable sourcing by expanding lean strategies to the supply chain. Writing for Business Supply chain visibility can help manufacturers in managing _______ periods of inbound and outbound activity. A. peak B. peek C. pique Answer       Stay In Touch For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com   Visit the Word of the Day Archives and catch up on what you've missed!   FOLLOW US About This E-Newsletter This e-newsletter is published by the TechTarget network. To unsubscribe from Whatis.com, click here. Please note, this will not affect any other subscriptions you have signed up for. TechTarget, Whatis, 275 Grove Street, Newton, MA 02466. Contact: webmaster@techtarget.com Copyright 2016 TechTarget. All rights reserved.