The paper 'Sustainability Measuring and Reporting within the Supply Chain" is an outstanding example of business coursework. In the current global market, sustainability measuring in the company’ s supply chain has gained a lot of value. The business stakeholders consider it a necessity to broaden the scope of benchmarking the supply chain. The current market requires that the company responded to go above the company level to supply chain level. This will make it possible for companies to improve their performance in the competitive market. For companies to determine which of their products, processes and services are sustainable, it is necessary to measure sustainability in a qualitative manner.
To have a sustainable supply chain, matters of accountability and transparency carries a lot of weight. The manner in which issues pertaining to sustainability are handled affects the companies’ products and overall business. The supply chain can have impacts on social, environmental and economic sustainability. For an organization to be sustainable, it must be able to minimize its use of resources while maximizing its creation of value. Sustainable supply chain management has been widely implemented by organizations.
This is attributed to the economic gains that it offers. Among the economic benefits are reduced cost of operation, increased efficiency and savings in cost. Revenue generation is also boosted through the use of appropriate measuring skills as the organization is able to gain a good reputation and good competitive advantages. The approach on sustainable supply chain management is based on how to measure it and do it successfully. Though a lot of researches have been done on supply chain management, there is a gap in how to monitor and evaluate supply chain sustainability performance.
The purpose of this paper is to look into the literature on sustainability measuring and reporting within the supply chain (Seuring and Muller, 2008). This is a practice for the evaluation of products and services based on the best practice. This is based on the individual who puts efforts to make sure they identify and carry out the best practices in their companies. Benchmarking acts as an important asset in helping the company to gain competitive advantage quality management and improvement of an organization.
Benchmarking can also be utilized to define the operational measures used in performance as well as the firm appraisal. Benchmarking relies heavily on data analysis. Various tools are used for competitive analysis. These tools include flow charts, gap analysis, because of effects diagrams among others. The area of focus in the supply chain is a single process within the supply chain. This means that benchmarking cannot look at the overall supply chain performance. There is high demand by the managers to know about the performance measurement in their companies utilizing benchmarking (Sroufe, 2006). Sustainability benchmarkingThere have been several efforts that have been addressing the incorporation of the economic, social and environmental sustainability into the supply chain.
There has been an increasing need for incorporation of the measurements of the supply chain performance. In order to start benchmarking, there is need for the determination of the sustainability indicators determination. There are several principles that are used in sustainability measurement. These principles include; addressing perspectives based on the resource consumption and value creation, leading and lagging indicators, product life cycle, economic environmental and social views.
The second principle of sustainability requires that measurement and evaluations should consider economic, environmental and social perspectives. All the three aspects require to be balanced so that there is a clear understanding of the product or services sustainability. The measurement of sustainability in a supply chain should look into all stages in the life cycle of organization products. On top of focusing on the internal operations only, the companies are supposed to look into the inputs from the suppliers and customers. Lagging indicators are measurements of the outcome.
They have gained wide use due to their ease of understanding. Resources are the required stock that is used in the creation of good and services.
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