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A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers' strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the ...
There has also been found a direct correlation between a company's implementation of sustainable packaging and a more sustainable supply chain management. [30] Alternatives such as bio-based plastics that are abundant, low cost, and biodegradable, offer a possibility of reducing use of petroleum resources and carbon dioxide emissions. [31]
The Society of Plastics Engineers (SPE) is a global professional membership organization dedicated to the advancement of knowledge and education for professionals employed in the plastics industry. History
Transparency in the supply chain influences how consumers view and support companies, so improving data driven sustainability efforts can positively affect supply chain business. A company’s negative impact on environmental or social areas may show in their stock market value, exposing their true values to investors.
The demand for products and efficiency of closed-loop supply chains are affected by the value of reclaimed resources. [9] Closed-loop recycling is common in specialized industries, such as the computer and battery industries. These industries use expensive or complex materials that are not easily broken down into constituent resources. [5]
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Material flow management was established as a policy at the 1992 Rio De Janeiro United Nations Conference on Environment and Development (UNCED), or UN "Earth Summit" Conference. The event was later credited as an advancement towards three UN treaties: Framework Convention on Climate Change , the Convention on Biological Diversity , and the ...