REALIGNING SUPPLY CHAINS
 

There are various ways of realigning the supply chains to help the society at large by making the small entrepreneurs, farmers, skilled persons to contribute in fulfilling the need of the product & services of companies.
 

This inclusive step will definitely go a long way to purposefully providing employment to persons and at the same time improve bottom line of companies.
Those who create environmental and social value alongside economic value are often considered to have a sustainable triple bottom line.

There are various measures which can be adopted by companies in improving their supply chain to attain inclusive growth.
Some of them are like, Direct Procurement from producers/primary suppliers,

Use of information & Technology, Vendor Development, Open Tendering, Ancillary Development, Targeted Procurement, and Unbundling of Contract are discussed in this paper.

By giving effect to inclusiveness, through realigning supply chain, companies can improve their triple bottom line.

The triple bottom line is a popular concept for understanding social responsibility among corporations looking to incorporate non-monetary values into their business model.
It's a method of "true cost accounting," which considers the impact of production decisions in terms of ecological and social value, as well as economic value.

 

Click these links to read in details:

Introduction
Inclusivity Measurement
Present Scenario
Supply Chain

Realigning Supply Chain through :

Direct Procurement from Producers/Primary Suppliers
Use of Information & Technology
Vendor Development
Open Tendering
Ancillary Development
Targeted Procurement
Unbundling of Contract

Discussion
 
 

 

 


By
Digvijay Singh, Dy. Manager (Materials Management)
Research & Development Center for Iron & Steel (RDCIS)
Steel Authority of India Ltd. (Ranchi)

 

Read below more Articles on Supply Chain Topics......

 

Supply Chain Technology: What's Next?
Supply Chain Management BEST practices : Outsourcing

Supply Chain Management : Multi Stage Dynamics

The Basics of RFID Technology

Common problems with Cost Savings Reports

Dynamic Business environment
Supply Chain Strategies

Benefits of preparedness in Negotiation

Seven Principles of Supply Chain Management
10 necessary Strategies for Supply Chain Management
Inclusive growth by realigning Supply Chain

Your FREE Magazine subscription below. Click and get now

 


 
 

 
 

 

 
 

Check the following links too:

 

    

| Sitemap | Copyright | Disclaimer | Privacy Policy | About us | Link with us | Contact us | Advertise |
 

       


|
Click here to Bookmark this site | Contact here for Business collaborations |
 

No part of this web site may be reproduced or transmitted in any form by any means graphic, electronic, or mechanical without permission in writing from the publisher