Topic > The Importance of Sustainable Green Supply Chain Management Practices

Index IntroductionGreen Supply Chain PracticesThe Triple Bottom Line ApproachConclusionIntroductionJason Drew once said, “people used to talk about win-win in business. They were naive and the environment was always lost." This is Jason's talk about encouraging sustainable business development, arguing that the environment deserves attention. Sustainable sourcing is cost-effective and attention to social responsibility is key to improving sustainability in the supply chain. Sustainable supply chain management can be achieved by recognizing the role and importance of green supply chain practices. However, traditional supply chain management methods do not involve the concept of a green supply chain. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Global warming and constant climate change have forced the world to invent environmentally responsible means of production, manufacturing, and logistics. Understanding the environment in financial terms and the social need for supply chain sustainability through green supply chain management is of great importance for global organizations. Therefore, green supply chain practices through Triple Bottom Line approach are essential in current business and its improvement can make the organization more environmentally friendly in the future. Green Supply Chain PracticesPurchasing specialists are often faced with a dilemma when it comes to cost, delivery and quality. However, sustainable development and green supply chain management are rapidly changing this situation. Ultimately, green supply chain management (GSCM) will be the standard of an effective performance system. There is strong evidence regarding the concept of green supply chains. The following studies can help gain a deeper understanding in this regard. Chin et al. (2015) stated that green supply chain management is defined as the technology and method of reducing waste of limited resources, controlling emissions of environmentally harmful gases and chemicals, as well as making better use of energy for maximum productivity. The environmental issue is an opportunity to create economic value. Further research shows that the adoption and use of green supply chain management practices by manufacturing companies improve their levels of environmental and economic performance. The process improves overall operational performance, thus making green supply chain management practices highly desirable among businesses today. The role of environmentally sustainable supply chain practices has been positive and significant considering the market-based, operational and accounting forms of different organizations. According to Dues, Tan & Lim, there is a close association between lean supply chain and green management practices. The authors believe that green supply chain management is a topic that goes beyond waste reduction. They argue that integrating lean and green supply chain management can lead to better outcomes in manufacturing, finance and operations. According to their findings, there is a causal relationship between lean, agile, resilient and green supply chain management. Authors Chin, Tat and Sulaiman highlight the importance of green supply chain management, collaborationenvironmental and sustainable performance of global supply chains and argue that green supply chain management involves the integration of environmental thinking. Internal and external organizational factors play an equally essential role in promoting green supply chain management practices. Being eco-friendly means designing and processes to minimize waste. The Triple Bottom Line Approach The term Triple Bottom Line (TBL) was created and introduced in the 1990s, now it has gradually started to receive more attention and attention from the business world.corporate business world. In essence, the Triple Bottom Line approach supports the sustainability and social responsibility of the organization. The method mainly includes social, environmental and financial processes as the three levels of a holistic framework. The Triple Bottom Line approach allows organizations to look at their performance in a broader context by assessing their contribution to social responsibility and environmental preservation. The essence of the Triple Bottom Line approach is that organizations must focus on these three bottom lines to preserve the three Ps, including profit, people and the planet. The strategy allows organizations to measure their financial, social and environmental performance over a given period. The social impacts of TBL affect people and the planet. As such, the triple bottom line approach forces organizations to focus more on ways that help improve the well-being of society as a whole. Demonstrating adherence to corporate social responsibility (CSR) is a good example of the social impacts of the triple bottom line. CSR measures include education campaigns, awareness campaigns, vocational training and skill development campaigns, which improve the overall position of the society. The strategies can help improve underemployment rates and health-adjustable life expectancy, as well as establish exceptional brand value. From an environmental perspective, green supply chain management is what drives organizational performance through the Triple Bottom Line approach. The sustainable performance of global supply chains directly depends on the adoption of green practices. Critical considerations in integrating green supply chain management practices include careful supplier selection and evaluation, environmental collaboration, and green manufacturing and process design. Green collaboration in the green supply chain is essential for both suppliers and customers. At the same time, take measures that reduce ecological damage, greenhouse gases. Mitigation of perishable resource use and excess energy, use of alternative energy sources, and effective solid waste management practices are also critical. Furthermore, the concept encourages organizations to streamline their processes in a way that drives sustainable and green performance. Among these procedures, green supply chain management occupies a critical position. Furthermore, the Triple Bottom Line approach is similar to the Balanced Scorecard, because it consists of a set of basic principles, an approach that keeps organizations based on what they measure. Therefore, if organizations start evaluating their social and environmental performance, achieving a truly sustainable and green supply chain will become possible. For example, in the early 2000s several large-scale organizations, such as Tesco and Nike, demonstrated unfair business practices and were held accountable for ignoring ethical standards in supply chain management..