Understand how to assess and improve your most significant raw material inputs/impacts within your supply chain. The concept of a value chain versus a supply chain, implies that everyone along the chain deserves to extract real, demonstrative value. Improve the health and viability of your value chain by following some simple steps from author David Bennell.
- Simply put, the concept of a value chain…versus a supply chain, implies…that everyone along the chain deserves…to extract real demonstrative value.…This was a somewhat radical concept…when first introduced 15 to 20 years ago.…Up to that point, a company's supply chain…pretty much extended to the first tier…relationship it had with its key vendors.…Therefore almost everything in your vendor's…own supply chain was invisible to your company.…
The scary thing was, much of what was going…on in your vendor supply chain was invisible to them…and so on and so on down the supply chain.…It became a zero-sum game for almost everybody…including workers and the environment.…These days, many of the world's best companies…aspire to not just manage risk…but to create real value across their global supply networks…and in their key communities.…
The concept has various names including…Creating Shared Value, but the idea is a basic…and proven one, healthy value chains…provide more stability and higher quality…because the whole system, human, environmental,…
Last, he helps you figure out where to find resources to help track key metrics, assess your company's carbon footprint, and improve your environmental, social, and governance (ESG) practices.
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- Learn how to build a reputation as a company focused on sustainability.
- Discover how to manage supply chains more responsibly and effectively.
- Identify meaningful goals.
- Identify the distinctions between supply chains and value chains.