Sustainability of Supply Chain
Sustainability of Supply Chain
For businesses, sustainability means responsible and thoughtful resource allocation that is fruitful in long-term growth and ensures good economic stability. It positively contributes to the internal stability of small businesses, and thus reinforces external sustainability in the economy on a bigger scale.
One of the most important stakeholder category, especially for the manufacturing companies, is the suppliers. Nowadays the production processes are constructed like a mosaic of activities. Their synchronisation and the control requires a close supplier-client collaboration in many aspects. These aspects expose the company to a series of risks, connected to financial and performance factors.
Supply chain analysis is fundamental for understanding the risks and designing sustainable solutions.
One of the most important stakeholder category, especially for the manufacturing companies, is the suppliers. Nowadays the production processes are constructed like a mosaic of activities. Their synchronisation and the control requires a close supplier-client collaboration in many aspects. These aspects expose the company to a series of risks, connected to financial and performance factors.
Supply chain analysis is fundamental for understanding the risks and designing sustainable solutions.
In this moment of financial vulnerability for the companies, the risk is to lose the weak elements of the supply chain. Yet, they may be not easily interchangeable, and the consequences may appear more pervasive than expected.
The company should assure the performance, logistics, prices and financial dynamics not only towards a possible single supplier high of strategic relevance, but also the balance and dependability of the whole supply chain. To do so, it is important to overcome the traditional view which simply allocates to acquisitions department the responsibility of cost control and cost reduction, and to adopt the holistic vision of the supply chain ecosystem, identify its weaknesses and the tools necessary to make it robust and resilient.
The company should assure the performance, logistics, prices and financial dynamics not only towards a possible single supplier high of strategic relevance, but also the balance and dependability of the whole supply chain. To do so, it is important to overcome the traditional view which simply allocates to acquisitions department the responsibility of cost control and cost reduction, and to adopt the holistic vision of the supply chain ecosystem, identify its weaknesses and the tools necessary to make it robust and resilient.
The necessary requisites for the ESG certification of the supply chain.
Strategic
Financial
Social/Environmental
The necessary requisites for the ESG certification of the supply chain.
Strategic
Financial
Social/Environmental
ESG (Environmental, Social and Governance) criteria are becoming the central factors that measure the ethical impact and sustainability of investment in a company. These are of the increasing interest to companies because the investors, customers and other stakeholders consider these criteria when making their choices, always more informed and conscious.
How to manage supply chain proactively
● Carry out a multidimensional analysis of the supply chain, focusing on the company's performance vulnerabilities and those of the suppliers
● Constantly evaluate and monitor the stability of the suppliers essential for the continuity and sustainability of the company's activity
● Prearrange the tools to support the vulnerable suppliers, stimulating the evolution of their management processes and performances.
● Use the company credit capacity in the strategic way to achieve systemic advantages, to have a resilient and sustainable supply chain in the long run
● Constantly evaluate and monitor the stability of the suppliers essential for the continuity and sustainability of the company's activity
● Prearrange the tools to support the vulnerable suppliers, stimulating the evolution of their management processes and performances.
● Use the company credit capacity in the strategic way to achieve systemic advantages, to have a resilient and sustainable supply chain in the long run
5 steps of our consulting service:
Strategia & Sviluppo Consultants advise on the tools and management strategy for the sustainable supply chain development, helping to transform vulnerabilities into strengths and manage risks proactively.
Discover other solutions that we offer
Discover other solutions that we offer