A Study on the Concept of Green Supply Chain Management

Abstract

The top companies from everywhere the world practice a powerful novel source of competitive advantage. It is called the Supply Chain Management and it embraces all of those integrated actions that bring product to market and craft satisfied customers. The Supply Chain Management Program assimilates topics from manufacturing operations, purchasing, transportation, and physical distribution into a cohesive program. Successful supply chain management, then, synchronizes and integrates all of these activities into a unified process. It holds and links all of the partners in the chain. In addition to the departments within the organization, these associates include vendors, carriers, third party companies, and information systems suppliers. Within the organisation, the supply chain denotes to a wide assortment of functional areas. These include Supply Chain Management-related activities such as inbound and outbound conveyance, warehousing, and inventory control. Obtaining, procurement, and supply management fall beneath the supply-chain umbrella, too. Estimating, production planning and scheduling, order processing, and customer amenity all are part of the process as well. Importantly, it also exemplifies the information systems necessary to monitor all of these activities. The paper accentuates upon the application of Supply Chain Management and adding the `Green ` element to it so as to emphasize upon the need of environment friendly systems. The growing significance of GSCM is motivated mainly by the mounting deterioration of the environment. The waste and discharges caused by the supply chain have become one of the foremost sources of stern environmental problems including global warming and acid rain. One of the crucial aspects to green supply chains is to improve both economic and environmental performance concurrently throughout the chains by creating longterm buyer–supplier relationships. Exertions have been made by the authors to study the supply chain of the systems with the focus on its optimization and execution. Thus it becomes of utmost importance from the organisation’s point of view to follow the green supply chain management procedures to safeguard the environment.

Keywords: Green supply chain management (GSCM), Environmentally Preferable, Environmental Impact, Reverse logistic, Ecodesign (ECO), Investment Recovery (IR).

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