Extract of sample "The relationship between advanced technology and Green supply chain"
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Source: LMI, 2005 In short, it integrates supply chain management with environmental management to achieve positive, sustainable results. This rooted to the acknowledgment on the role of manufacturing and other business processes on their disproportionate environmental impact with the understanding that operations are improved and savings are accrued in the process. Savings may not always mean cut in direct operational costs but environmental in nature through less reliance on raw or new materials that directly impacts on the environment. Objectives and Research Questions In the adoption of green supply chain techniques, many corporations or business entities have resorted to either age-old environmental practices or emerging technologies that facilitate green practices. It is therefore the aim of this paper to Provide the history and background in the development of green supply change Explain the significance of greening the supply chain Point our issues relating to the flow of products and services within the green supply chain context Explain how green supply chain management as a practice has been changed over time. These will be achieved by answering the research questions: 1. What is the importance of the history of green supply chain? 2. How green supply chain management as a practice has changed over time? 3. What is significance of greening the supply chain? 4. What are the issues relating to the flow of products and services within a Green Supply Chain context? Relevance of the Study The continuing depletion of natural resources, growing population, consumption, and lifestyle demands, negative changes in the environment and many other major problems have alarmed policy-makers, businesses, and even individuals in the last several decades. Current conditions of many of the world’s population and projections of the future are seen as very bleak so that it has become imperative to adopt short and long-term measures to address these issues. Thus, the birth of eco-related movements such as the green supply chain in the business process. The importance of exploring background and history of the green supply chain lies on the possibilities of fast-tracking ways to improve production and design of consumption products. This study hopes to contribute in that segment. Background Extensive efforts are forwarded by nations and international organizations not only to their governments but also to the business and private sector to step up and address environmental problems. Climate change global warming, environmental degradation, and insurmountable economic and social problems directly linked with the abuse and neglect of the environment have been hounding humanity for several decades now so that the need to integrate acceptable business practices were proposed in order to reduce or decrease negative impacts. These are strengthened by governmental regulatory mandates as well as organisational requirements for acceptable continuance of business operations in a given community or industry. It has been found that day-to-day practices from population growth to consumption are all connected to the continuing environmental changes which resulted to depletion of natural resources that may soon unable to support the population, increased carbon dioxide releases by each individual that leads to trapping of heat, increased temperatures elsewhere, water shortages, among others as reported by World Bank. Specifically, there are more than 2 billion people without access to clean water and sanitation, or roughly 40%
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Stock maintenance should be ensured through material flows. Zara, a Spanish clothing outlet, follows automated routing systems for transporting electronically tagged clothes to correct loading bays in its logistics locations. This electronic procedure assists in minimising shrinkage levels with 98.9% accuracy in distribution.
The author states that a business strategy includes several organizational functioning strategies, such as supply chain management strategy, production strategy, marketing strategy, human resource management strategy and financial strategy. These all are equally important for an organization to achieve significant business growth rate.
Technology makes use of knowledge for practical purposes. In the contemporary age, issues like global warming and sustainable development have become the focus of discussion everywhere in the world. There are considerations about the diminishing natural resources and the present generation is concerned about their own future as well as that of the future generations.
Consequences like global warming and climate changes have become matters of serious concerns. As energy prices are raising and pollution affecting the earth badly, people are concerned to make more efficient usage of energy.
They regulate all the commercial banks of the respective countries. They also have the duty to print and circulate the national currency in the market. There is one Central Bank in every country. The main objectives of these Central Banks are: 1. The Central Bank is involved in the maintenance of stability in the financial market through printing and circulating the nation's currency.
Traditionally, the management systems used to employ certain processes which require manual storing and retrieving of data and information. These processes result in increase of complexity in the overall process and also lowered the efficiency in the system.
The innovation of technology itself has allowed a more productive aura of revenue stream for many organizations. Moreover, it has also a seamless integration of data centres, allow customers to track their inventory, seamlessly facilitate supply chain (Espejo 16).
The author states that after having assessed the effects of the mobile and wireless technology infiltration across several industries, the transport and logistics markets have stood out as sections that have regularly invested in solutions and equipment that have assisted in enhancing operations in an increasingly wireless world.
Why Companies Should Green Their Supply Chain. Management Introduction Increasing cross-border transactions in supply chain is a phenomenon closely associated with the liberalization and globalization of economies. The intense competition drives the manufacturers to keep the cost of raw materials and labor low.
At the same time, organizations are becoming responsible for their partners and suppliers’ social and economic performance due to the increased demands as well as strong economic performance. These pressures are coming from a number of sources, which include the community, employees, governments, and socially aware organizations.
3 Pages(750 words)Research Paper
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