What is green supply chain management?

The term ‘Green supply chain management’ (GSCM) refers to the concept of integrating sustainable environmental processes into the traditional supply chain. This can include processes such as product design, material sourcing and selection, manufacturing and production, operation and end-of-life management.

What are the key features of green supply chain management?

Undeniably, reducing air, water and waste pollution is the main goal of green supply chain, while green operations also enhance firms’ performance in terms of less waste manufacturing, reuse and recycling of products, reduction in manufacturing costs, greater efficiency of assets, positive image building, and greater …

What is green supply chain management PDF?

Green supply chain management is defined as “the process of using environmentally friendly inputs and transforming these inputs into outputs that can be reclaimed and re-used at the end of their life cycle thus, creating a sustainable supply chain.

What are the objectives of green supply chain management?

The objective of green supply chain management is to eliminate or minimize waste (energy, hazardous greenhouse gas/chemical emissions, and solid waste).

What are the advantages of green supply chain?

Rewards of Going Green Mitigate business risks and speed up innovations. Reduce operating costs. Increase in adaptability. Promote alignment with the suppliers and customers thus becoming preferred vendor in green supply chain.

What is difference between green supply chain management and sustainable supply chain management?

While going green looks at only the environmental aspect of it, being sustainable is equivalent to taking into account the social, economical and environmental impact of that particular product or organisation. …

How is green supply chain management implemented?

The strategies for implementing GSCM include: government subsidiaries; commitment of top management; effective reverse logistics management; efficient financial management; increasing public awareness about environmental concerns and efficient waste management and reusability techniques.

What are the 7 principles of Supply Chain Management?

7 Principles of Supply Chain Management

• Adapt Supply Chain to Customer’s Needs.
• Customize Logistics Network.
• Align Demand Planning Across Supply Chain.
• Differentiate Products Close to Customer.
• Outsource Strategically.
• Develop IT that Support Multilevel Decision Making.
• Adopt Both Service and Financial Metrics.

What are the benefits of green supply chain?

Benefits of Green Supply Chain Cost Reduction. Research indicates that companies with a well-implemented green supply chain in their operations benefit from reduced operational costs (Testa & Iraldo, 2010). The reduction in operational costs is attributed to the innovations made by such companies in their endeavors to achieve pollution-free

Why is green supply chain management is important?

What are the five flows of SCM?

What is green supply chain and its benefits?

Green supply chain management is a driver for process improvements. • In general, pollution and waste represent incomplete, ineffective, or inefficient use of raw material. • Green supply chain analysis provides an opportunity to review processes, materials, and operational concepts. • As with continuous improvement programs, green supply

What is green supply chain strategy?

Comply with International Principles and Standard. In the face of increasing scandals around the world concerning corporate ethics and corporate governance,many governments have responded with greater oversight of corporate