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Sample Assignment on Sustainable Supply and Procurement

   

Added on  2019-12-03

18 Pages4397 Words186 Views
Sustainable Supply andProcurement
Sample Assignment on Sustainable Supply and Procurement_1
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................1Role of sustainability in procurement and supply within Ikea....................................................1Sustainability policies affecting procurement and supply chain management...........................4Issues, concepts, theory and trends that emerge in green logistics.............................................7Corporate social responsibility (CSR) and sustainability practises of Ikea .............................10CONCLUSION..............................................................................................................................12ILLUSTRATION INDEXIllustration 1: Role of Sustainability ...............................................................................................2Illustration 2: Sustainable procurement and supply chain policies .................................................5Illustration 3: Green Logistics.........................................................................................................7Illustration 4: Green logistic framework..........................................................................................9Illustration 5: Triple bottom line model.........................................................................................11
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INTRODUCTION Sustainability is on of the most crucial requirement of every organization. It focuses onconstant development of the organizations while managing the rate of growth of business unit.Supply chain procurement helps in developing an effective impact on the growth anddevelopment of the organization. The global growth and development demands the businessunits to enhance the supply chain activities and procurement measures such that it creates adefinite impact on cost management and profitability of business unit (Bose and Pal, 2012). Thishelps the company in enhancing its competitiveness in order to create high growth anddevelopment prospects. Procurement of goods and supply chain management are effective internal functions ofthe business. These strengthens the business activities and helps it in creating wide impact oncost management activities. Sustainable procurement and supply chain management are the keycomponents of responsible business practices (Molino, 2013). These can help the business tosave money, reduce carbon and other environmental impacts, manage risks, improvecompetitiveness and build a business’ reputation. The present report will focus on analysing business practices of Ikea and the measuresthat the company has adopted in order to manage and maintain the sustainable procurement andsupply chain practice within the business. Ikea is a well established global unit which deals indesigning, manufacturing, marketing and sales of furniture. It is one of the leading brands offurniture in the world which has a vision to create better life of people. IKEA has invested €1.5billion towards sustainability, energy, procurement and also in green logistics. The report willanalyse and discuss about the policies and procedures which the company has adopted in order toenhance the sustainability in business by developing environmental friendly practices. Role of sustainability in procurement and supply within IkeaProcurement and supply chain decisions are crucial for the organization as it supports theinternal business operations. The Cost effective procurement of goods and services helps thebusiness in managing its cost of production which helps the business unit in creating a wideimpact on overall growth and development. According to Preuss, (2009) sustainable procurementdeals with social and environmental factors along-with financial factors in making procurementdecisions. It involves looking beyond the traditional economic parameters and making decisions1
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based on the whole life cost, the associated risks, measures of success and implications forsociety and the environment (). The sustainable procurement policies of the business helps indeveloping an effective impact on the profitability of the business while enhancing its brandimage within the market. Ikea works with large number of suppliers to improve its energyefficiency and the sourcing of raw materials. The organization has also decided to invest a sumof around €1.5b in renewable energy technologies (IKEA: Sustainable life at home, 2015). Oneof the main objective behind this is that the company wants to lower down the use of non-renewable energy resources by working with various kinds of suppliers. Sustainability plays amajor role in procurement activities of the business. The role of sustainability in the procurement operations of Ikea are discussed henceforth. 2Illustration 1: Role of Sustainability (Source: Self attempted)
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