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Follow on Google News | Ade Asefeso MCIPS MBA Published His New Book Lean Sustainable Supply Chain ManagementLean Sustainability Supply Chain Management. It's More Than Just Being Green.
That’s the question that Ade Asefeso answers in his new book “Lean Sustainable Supply Chain Management” Ade said. “In today's business environment, companies are being held accountable to a growing list of stakeholders who assess company performance against a variety of criteria, from financial and operational performance to labour practices and environmental issues. The pressure for greater transparency in all areas of performance is increasing; not only for consumer-facing companies, but for all business entities throughout the supply chain; including manufacturers who are several steps removed from the ultimate consumer”. We ask Ade. What do business have to do to adopt Lean Sustainable Supply Chain Management? Ade responded by saying. “To be effective, a supplier risk-assessment program must address sustainability issues in the broadest sense, assessing vendors' financial and economic viability as well as social responsibility and environmental sustainability. In many businesses, the procurement, internal audit and enterprise risk management functions provide focus on supplier risk concerns and offer language that helps describe risk. Yet industry research indicates there is still a significant lack of clarity in terms of how and what to measure in order to accurately assess risk in the supply chain. For example, more than half of the businesses in a recent Compliance Week study expressed dissatisfaction with their current approach to supply chain risk assessment, even though they said managing supply chain risk was a top priority. The top challenges these companies cited were a lack of good data on vendors, poor visibility into the use of subcontractors, and limitations in their ability to compare vendor risks. Such shortcomings become even more critical in today's industrial environment, where lean production practices make manufacturers more vulnerable to short-term supply disruptions. Beyond these fundamental supplier viability measures, the concerns of today's broader range of stakeholders must also be addressed. These concerns are measured against social and environmental criteria such as reduced waste, lower carbon emissions, minimized environmental footprint, and a host of social issues, from fair labour practices to immigration and employment policies..” Visit http://www.booksonline.aaglobalsourcing.com/ Ade continued by saying "What business can do now is to developing and implementing a supplier viability initiative which is obviously a long-term undertaking requiring ongoing commitment, but following are four immediate steps an organization can take to get started. The first step is to identify the subset of suppliers that are most critical to the company, and then identify those about which the company is lacking important information; Next, develop a credible set of supplier financial viability metrics that reflect your company's specific supplier risk profile. Ideally, this will encompass a diverse set of inputs including data generally not available as part of traditional supply chain management. Concurrently, develop a comparable set of corporate responsibility metrics. Begin with widely recognized standards and best practices, and then adapt them to reflect the particular environmental and social issues most pertinent to your business. Finally, develop and implement a program for timely and accurate reporting of all key metrics, employing third-party intermediaries as necessary to encourage supplier compliance and openness. Third-party support is often critical because of the hesitancy of private suppliers (especially troubled ones) to share their information directly with the customer. In all instances, the risks being mitigated must be weighed against the costs of accessing and presenting such information. The goal is to strike a pragmatic balance that accurately assesses critical economic, social and environmental concerns. In today's business environment, where supplier failure can pose an immediate risk, and where customers and other stakeholders demand greater transparency, such a proactive program for accurately and credibly assessing supplier viability and sustainability can be critical to a manufacturer's continued success." Visit http://www.booksonline.aaglobalsourcing.com/ Ade has packed a lot into his career over the years with a long spell working at senior level within various manufacturing companies in the UK. He can be described as international diplomat due to his work across the globe. Ade spent a lot of his time representing various companies either at supply chain level, operational level, sales and marketing level, and senior executive level across Asia, North America, Africa, Eastern and Western Europe. Ade is currently the CEO of AA Global Sourcing Ltd. A company that helps local businesses outsource so that they can enjoy the benefits that used to be enjoyed by big corporations for years. All this still doesn’t make mention of Ade’s increasingly successful career as an author, of numerous books on Finance, Business Ideas, Personal Development, Self help, Lean Sustainable Supply Chain Management, CEO Guide to Doing Business, Outsourcing, Lean IT, Lean Manufacturing, Agile and Lean Office, Lean Office, Six Sigma, Six Sigma Healthcare, Six Sigma marketing, Six Sigma Service, Lean Startup, Lean Procurement, Lean Implementation, 5S for Supervisors, 5S Home, Lean Handbook, Lean marketing, Lean Sales and marketing, Lean Accounting, Lean Management, Lean Healthcare, 5S for Healthcare, 5S Office Management, Lean In Construction, Lean Retailing, Lean Banking, Lean Business, Lean Government, Lean Tools, CEO Tools, TPM Simplified, Green Manufacturing, Sustainable Urban Supply Chain Management, Real estate, Balanced Scorecard, Non Executive Director, Corporate Storytelling, Reshoring, Supply Chain Management and Online Marketing. In his spare time, although it’s amazing to think that he might have some, Ade does keep fit. Visit http://www.aaglobalsourcing.com for details. End
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