Companies stay efficient and competitive by keeping inventory levels down and speeding up collection of the moneys they're owed. Efficiency ratios determine how productively a company manages its assets and liabilities to maximize profits. Shareholders look at efficiency ratios to assess how effectively their investments in the company are being used. Some of the most commonly considered efficiency ratios include inventory turnover, accounts receivable turnover, accounts payable turnover and the cash conversion cycle CCC.
But, driven by impending regulations, consumer pressure, and mandates from corporations such as Wal-Mart, more and more companies are forging ahead with supply chain sustainability efforts. Firms including Nestle, Aveda, Nike, Intel, and Pepsi are on hand to share their experience in reducing carbon footprints across the supply chain.
Clearly, the green movement has hit the logistics sector. Supply chain professionals across all industries today are tasked with helping their companies improve supply chain sustainability and become more environmentally friendly. From reducing carbon footprints to retrofitting warehouses and minimizing transportation routes, greening the supply chain is no longer a fringe movement, but rather an integral part of many companies' strategic plans.
Indeed, TV and magazine ads are rife with companies touting their environmental commitments, and corporate initiatives around sustainability are becoming commonplace. Among Fortune firms in America, 21 have published sustainability reports, 44 have published corporate social-responsibility reports, and 63 maintain Web pages devoted to sustainability or the environment, according to the Center for Logistics Management at the University of Nevada, Reno.
An Emerging Concern The supply chain is in the early stages of its green makeover, however. They're developing their plans and trying to get a sense of what others are doing. Will we be able to meet our green goals while holding on to the green that makes up the bottom line?
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Will customers pay more for our goods because they're produced in an environmentally friendly manner? Will sustainability efforts pay off in the long run? Cost can be a roadblock—it's sometimes tough for businesses to balance doing what's good for the planet with doing what's good for the company.
An increasing number of companies, however, see sustainability and profitability as mutual goals. They often embrace green supply chain initiatives as part of a larger strategy to factor sustainability into practical business plans that help the environment and contribute to the company's growth and success.
If we can't make money, we won't be around to be the good guys for the environment," says Drew Schramm, senior vice president, global supply and quality for furniture maker Herman Miller, Zeeland, Mich. For Herman Miller, being around to be the good guys means carefully weighing cost-cutting against sustainability goals.
To help reduce the cost and increase the reliability of transportation, for example, many companies have implemented transportation management systems TMS to minimize the number of routes and consolidate shipments into single truckloads. Supply chain sustainability efforts sometimes repay the favor—changes businesses make under the banner of becoming green can help reduce costs and boost the bottom line.
GENCO's unique recycle-and-reuse program helps companies cut down on waste and earn revenue by either recycling or reselling end-of-life products. Last year on behalf of its customers, GENCO recycled 17 tons of office paper, more thanpallets, 4.
Cost-cutting, however, rarely serves as the primary motivation behind corporate sustainability efforts. Several factors drive the push for greener supply chains: Specifically, Wal-Mart has committed to reducing the energy needs of all existing stores by 20 percent by ; total CO2 emissions by 25 percent by ; and packaging across its global supply chain by five percent by As supply chain professionals know full well, any effort of Wal-Mart's ends up being an effort of its suppliers.IN THE SUPREME COURT OF THE STATE OF NEVADA IN RE: THE MATTER OF ZACHARY BARKER COUGHLIN, ESQ.
NEVADA BAR NO: )))))))) Case ADDENDUM TO PETITION FOR REINSTATEMENT by NevadaGadfly in ie, , and zachary barker coughlin. The scorecard is similar to Wal-Mart’s sustainability index in that it asks questions about the sustainable practices of its suppliers including climate change action, greenhouse gas reduction targets, and renewable energy use, among other measures.
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a company’s performance. If the user is to make sense of the figures in the financial statements, these figures of each item on the most recent statement is compared with the related item on one or more earlier Liquidity ratios measure the company’s ability to pay its maturing obligations and to meet unexpected cash needs in the.
Wal-Mart measures to sustain its recent performance and defend against competitive (and other) threats Essay by business, University, Bachelor's, December download word file, 3 pages download word file, 3 pages 3 votes3/5(3).
Sustainability: developing key performance indicators Measuring sustainability is the bottom line As sustainability, carbon, and climate change initiatives Wal-Mart has launched the “Sustainability Product of these indicators are not just a measure of sustainability performance; they’re actually indicators of inputs and out-.