 | | Word of the Day |  | | Daily updates on the latest technology terms | June 15, 2020 | | | supply chain sustainability | | Supply chain sustainability (SCS) is a holistic view of supply chain management that focuses on the environmental, social, economic and legal aspects of a supply chain's components. Historically, supply chain management was simply about logistics and knowing when and where goods were moving, but the rise of the digital supply chain and accompanying visibility enabled by analytics tools have allowed companies to gather data and understand 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 risk management and tasks like qualifying new suppliers, ensuring delivery and quality performance targets are achieved and supporting supplier diversity policies. Continue reading... | |  | "The recent pledge by Microsoft to become carbon negative by 2030 was a significant public boost to the cause of sustainability. As was the software giant's commitment to remove the carbon the company has emitted either directly or by electrical consumption since it was founded in 1975." -- Billy Macinnes
| Related Terms You Should Know supply chain resilience The Coronavirus outbreak is making it clear why you should request a copy of your supply chain partners' pandemic plans. Amazon effect Amazon has conditioned consumers to get goods as quickly as possible, which has affected the global supply chain industry from top to bottom, including inventory management and logistics. supply chain transformation True Value is in the middle of a multiyear plan to transform its supply chain by moving from a point-to-point distribution model to a hub-and-spoke model. machine learning Fashion house Stella McCartney is collaborating with Google Cloud on a machine learning and data analytics pilot project aimed at improving the sustainability of the fashion industry's supply chains. supply chain map Today, more than ever, it's important to map all the players of your supply chain -- and include your supplier's suppliers if you can.
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