Being conscious of the environment and aiming to ‘go green’
are undeniably becoming more of a priority for businesses throughout a wide
range of industries. This shift has encouraged many companies to implement a
variety of sustainable solutions beginning with their internal organization
(i.e., recycling, energy efficient equipment and office routines, etc), to
sustainability in supply chain (i.e., simplifying transit routes, reducing
waste, etc.) By enforcing more environmentally conscious processes, companies
have entered into an emerging market of consumers who demand ‘green’
standards. Despite the marketplace advantages, some organizations are still not
implementing eco-friendly solutions out of fear the transition is too costly or
an unaffordable venture.
The answer is Strategic Sourcing.
Source One challenges the common
misconception that environmentally-friendly commodities and suppliers are more
expensive than less sustainable options. For many enterprises, perceived higher
costs are a deterrent to pursuing green initiatives. However, the truth is
strategic sourcing makes going green a more affordable option than many
anticipate. Through strategic sourcing companies can get a full perspective of
viable suppliers, their capabilities, and insights into pricing, whether they’re looking to continue their mission of reducing
waste or need support reengineering a product with more sustainable materials.
Simply exploring the market is
the first step to seeing what sustainable options make sense for your supply
chain operations. Over the years, Source One has supported a number of clients partner
with suppliers that support their mission of offering their consumers sustainable
and environmentally-conscious products and services. By getting a clear view of
the market landscape, Source One’s cost reduction consultants were able to
identify vendor aligned with our clients’ mission and leverage market
intelligence to achieve a competitive agreement. In the case of a consumerpackaged goods client, this meant repurposing the agricultural bi-product that
would have otherwise gone to waste. Instead, the bi-product was used to support
local farms in feeding livestock.
In another scenario, Source One’s
engineers were able to help a technology company reverse engineer a battery
product with more environmentally friendly materials. Alongside the client’s
engineering team, Source One was able to identify alternative materials for the
product. In addition, they developed a unique RFP strategy centered on finding
suppliers that met their sustainability requirements. The initiative not only
saved the client 12%, but allowed them to deliver on their promise to provide
consumers environmentally friendly products.
We’re proud to share that our
commitment to sustainable sourcing for our clients has allowed us to win the SupplyChain and Demand Executive Magazine 2016 Green Supply Chain Award. The
award acknowledges organizations that strive to apply discover new strategies
for sourcing in an environmentally friendly way that still meets the
cost-reducing goals of the company at hand. We're honored to receive the recognition and look forward to continuing to help our clients reach both their sustainability and cost reduction goals.
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