scholarly journals The role of structural strategic cost management techniques in supporting firms' triple bottom line performance in supply chain context

2020 ◽  
Vol 9 (1) ◽  
pp. 80-104
Keyword(s):  
Supply Chain ◽  
Cost Management ◽  
Triple Bottom Line ◽  
Bottom Line ◽  
Strategic Cost Management ◽  
Management Techniques

Strategic Cost Management in the Supply Chain

2020 ◽  
Author(s):  
Lisa M. Ellram ◽  
Wendy L. Tate
Keyword(s):  
Supply Chain ◽  
Cost Reduction ◽  
Return On Investment ◽  
Cost Management ◽  
Strategic Cost Management ◽  
Supply Chain Finance ◽  
Supply Chain Costs ◽  
Definition Of ◽  
The Cost

Companies increasingly face challenging economic times, where it is not uncommon to see revenues decline or remain stagnant. This can strain business viability and reduce the return on investment for shareholders. To increase the return on investment and favorably impact profitability, organizations focus on cost reduction efforts. Cost management should be both holistic and purposeful, while taking a supply chain perspective. This is often not the case because the cost reduction efforts tend to be internal and short-term focused and do not consider the supply chain implications of decisions. Strategic cost management takes a supply chain perspective and includes several tools that can help facilitate cost management. This chapter provides a definition of strategic cost management with supporting examples. It also discusses some tools, including total cost of ownership, target costing, and supply chain finance, that can be used to holistically and strategically manage supply chain costs. The chapter closes with a discussion around the growing role of supply chain finance in cost management.

scholarly journals Green Initiatives in Supply Chain Management Drives Enterprises’ Competitiveness and Sustainability

2021 ◽  
Author(s):  
Ken Mathu
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Value Creation ◽  
Triple Bottom Line ◽  
Green Supply Chain Management ◽  
Bottom Line ◽  
Chain Management ◽  
Product Flow ◽  
Product Service

The advent of supply chain management (SCM) strategy over the past four decades coupled with innovations in technology has revolutionised management of enterprises tremendously. The SCM strategy has enhanced supplier-customer collaboration and integration in the delivery of product/service to ultimate customers, while the enabling role of technology speeds up the information and product flow. The effectiveness and efficiency emanating from supply chain management is a manifestation of enterprises’ inclusive concern of value-creation from economic, environmental and social attributes, also referred as triple-bottom line (TBL). Such enterprises are streamlined as they utilise resources sparingly and produced less waste. Hence, they are lean, resilient and possess capacity to withstand disruptions. These qualities are derived from green initiatives and render these enterprises’ competitiveness and sustainability. This is change management through which conventional supply chain management transforms into green supply chain management (GSCM) by refocusing value-creation in embracing the triple-bottom line that drives the competiveness and sustainability of enterprises.

scholarly journals Going Green Supply Chain Management During COVID-19, Assessing the Best Supplier Selection Criteria: A Triple Bottom Line (TBL) Approach

2022 ◽  
Vol 17 (1) ◽  
pp. 36-51
Author(s):  
Maryam Khokhar ◽  
◽  
Wasim Iqbal ◽  
Yumei Hou ◽  
Muhammad Irshad
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Firm Performance ◽  
Supplier Selection ◽  
Fuzzy Numbers ◽  
Current Model ◽  
Triple Bottom Line ◽  
Bottom Line ◽  
Chain Management ◽  
Sustainable Supplier Selection

In the past ten years, sustainable supply chain management (SSCM) attach great importance due to consumers, for-profit and profitless organizations, laws and regulations to the social and corporate responsibilities of consumers, so it has been recognized by practitioners and scholars. Supplier selection, environmental effect like a lockdown, and social cooperation and other SSCM programs can play an important part in realizing the triple bottom line (TBL) of economic, environmental, social assistances. In supply chain management (SCM), the sustainable supplier selection (SSS) and firm performance plays an important role. Traditionally, when evaluating SSS performance, organizations will consider a new framework to obtain the overall criteria/sub-criteria of the sustainability index by encapsulating sustainability. In this paper 12 sub-criteria for 3 pillars of sustainability as economic, environment and social performance is collected. Although there are many articles on SSS and evaluation, so far, research on sustainability issues is very limited. This study endeavours to propose a fuzzy multi-criteria approach to discuss SSCM planning, and studies the issue of determining a current model for SSS in the supply chain during COVID-19 based on the TBL method. For express the linguistic value of the subjective preference of experts we use triangular fuzzy numbers. By using fuzzy numbers to find standard weights for qualitative performance evaluation, then fuzzy TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) is proposed to find the ranking of SSS. However, COVID-19 has a negative role in SSS and in firm performance. The situation of lockdown due to COVID-19 has a negative effect on the performance of the organizations. An example is given of the proposed method.

The Drivers for a Sustainable Chemical Manufacturing Industry

2012 ◽  
pp. 1659-1679
Author(s):  
George M. Hall ◽  
Joe Howe
Keyword(s):  
Energy Management ◽  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Triple Bottom Line ◽  
Current Situation ◽  
Bottom Line ◽  
Sustainable Solutions ◽  
Chemical Manufacturing ◽  
Future Demands

This chapter describes the current situation of the chemical manufacturing industry and looks to the future demands on the sector such as: for sustainability, the advent of new bio-based feedstocks for improved energy management and the implications of these demands on the sector. These implications include definitions of sustainability criteria for the chemical manufacturing industry and the need for transparent reporting following the Triple Bottom Line approach. The important role of chemical (or more generally, process) engineers in delivering bio-based sustainable solutions is emphasised, but this also suggests that a new way of thinking about the discipline is required. Indeed, there are arguments that the demand for a sustainable chemical manufacturing sector could bring about the next paradigm shift in the discipline with concomitant education implications.

The Role of a Sustainability Informatics Framework in Transportation Systems

2014 ◽  
Vol 6 (3) ◽  
pp. 43-59 ◽  
Author(s):  
Lin Jia ◽  
Barry Cumbie ◽  
Chetan S. Sankar ◽  
Jian Yu
Keyword(s):  
Information Technology ◽  
Information Systems ◽  
Triple Bottom Line ◽  
Nation Building ◽  
Transportation Systems ◽  
Bottom Line ◽  
Energy Informatics ◽  
Research Propositions ◽  
Sustainability Indices

This article develops a Sustainability Informatics Framework, a framework that connects Information Technology with sustainability and is based on the Belief-Action-Outcome and Energy Informatics frameworks. The triple-bottom line (People, Planet, and Profit) is adopted as a criterion for measuring sustainability and three sustainability indices are first formulated and then visualized using Sustainability Dashboards. This framework is then used to analyze transportation systems. This leads to the development of research propositions that can expand the role of the Information Systems discipline to research on areas of sustainable nation building.

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