The efficiencies and cost-containment initiatives that the physical supply chain has seen have not been brought to the financial supply chain by most companies, says Robert Kramer, vice president for working capital solutions at PrimeRevenue. That's unfortunate because there are literally trillions of dollars in accounts receivable in corporate supply chins that can be freed up, he says.
The Healthcare Plastics Recycling Council (HPRC) appointed Kaiser Permanente and Stanford University Medical Center to its Healthcare Facility Advisory Board to help the council set priorities and steer the agenda towards its mission of inspiring and enabling sustainable, cost-effective recycling solutions for plastic products and materials used in the delivery of healthcare.
Two years ago, the director of sustainability at a $1bn consumer-products company suggested the corporate budget committee add a new criterion in deciding which capital projects to approve: the project's environmental impact. The director devised a metric for measuring the impact in categories such as water usage, waste reduction, packaging and carbon emissions. The idea saved $20m the first year.
Increasing real-time visibility is key to achieving greater efficiencies in logistics management practices. As all goods often go through multiple yards throughout the lifecycle, any inefficiencies or errors in the yard are amplified as the effects propagate through the supply chain network.
As food safety legislation heats up, shippers can enhance the security of their supply chains - and reduce costs - by turning their attention to yard management solutions.
Although manufacturers have stepped up their efforts aimed at reducing their own carbon footprints, they have yet to significantly widen those efforts throughout their supply chains. According to a recent study conducted by the Carbon Disclosure Project (CDP) and Accenture, while 43 percent of the respondents say they have achieved year-on-year emissions reductions, only 28 percent of their suppliers can say the same.
Ernst & Young reports that 83 percent of respondents to a recent survey say they are engaging their supply chain in sustainability. In addition to this, 76 percent anticipate natural resource shortages, including water, will affect their core business objectives over the next three to five years, according to the canvass of "corporate sustainability leaders."
The latest news, analysis, trends and solutions for sustainability and corporate social responsibility (CSR) and their impact on supply chain management. New customer expectations for green and ethical products and practices are transforming the way companies do business — and requiring more supply chain transparency than ever before. As solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are leveraging sustainability and CSR to stay ahead of the competition in their industries.
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