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How to Understand Supply Chain sustainability: The Walmart Example |
A sustainable supply chain is measured by triple bottom line “Impact on people, profits and the planet”, that are the upstream components of the supply chain.This shift in paradigm usually reflects the understanding that the sustainable supply chains are profitable supply chains.Now supply chain sustainability can be measured and the supply-chains can take sustainability action plans.Distribution and manufacturing optimization and rationalization, the product design and the supplier etc are involved in terms of Supply Chain.If a company is able to choose between various suppliers, to implement sustainable strategies, they can use their purchasing power to push it’s suppliers with it’s green supply chain standards.They need to audit their supplier base and make sure that inputs from suppliers are of high quality, and the use of energy, water etc.Now the world’s largest retailer Walmart has widened its sights, building networks of employees, nonprofits, government agencies, and suppliers to “Green” it’s supply chains. All these issues will help us to proceed for “How to Understand Supply Chain Sustainability.”
How supply chain planning works: A discussion in brief |
The uncertain nature of the customer demand need to take into consideration by generating the production plan and in particular the production quantities, to meet uncertain customer demand in the best way possible and maximize the profit, by minimizing production costs. Aggregate planning is a process by which a company decides about their ideal levels of capacity, production, inventory, stock-out situations, pricing, subcontracting, etc. Production planning, is the correct placement of production orders concerning place, or region, of production, and time scheduling and sequencing of production orders. The parameters are usually production rate, workforce, overtime, machine capacity level, subcontracting, backlog, and inventory on hand. The amount of overtime production planned is a parameter for aggregate production planning. Production planning for fashion apparel products has to cope with demand uncertainties. Collaborative forecasts created by various enterprises are an important input in aggregate supply chain planning. However, at the time of generating the production plan, the predicted customer demands are largely uncertain.
The blockchain technology in procurement related issues: A discussion
Abstract: The e-Commerce platform can potentially evolve as a self-managed platform allowing the suppliers to add their products online and buyers to transact on this platform within the constraints defined in the smart contract framework. A block chain-powered solution can provide a robust platform for suppliers and buyers to collaborate and manage an online store. Using block chain for through […]