Outline Greensourcing Product for an Organization
Global Sourcing and Procurement As communications and information technologies advance, strategic sourcing continues to evolve by leveraging global capacity and the capability to supply goods and services that meet demand ‘just in time’ (JIT). ‘Just in time’ inventory management offers a preview of this week’s material: consideration of global sourcing to meet current needs for finished goods, components, and raw materials. Outsourcing, the act of shifting operational activity from inside the company to an external source, has grown to include functional services such as accounting, engineering, or logistics that were traditionally retained in-house. When it comes to outsourcing, the term can be confusing as it may indicate sending work outside the U.S., or it may indicate using a domestic firm to handle certain business processes. Green Sourcing, employing a supply chain strategy that is environmentally responsible, represents the next iteration of global sourcing evolution by considering the sustainability goals of the organization and its customers. This has become a very popular topic in business from food manufacturing to tech components. Companies are no longer only looking at tomorrow, but looking forward in time to ensure they have a plan to maintain sustainability for the long haul. This allows companies to strengthen their company, while also benefiting from positive public relations. This week, you will apply the process for Green Sourcing to a familiar organization and discuss the positive and negative aspects of moving in this direction. Your goal is to look at the entire picture and evaluate the situation. Do costs increase? Decrease? Will there be concerns with source availability? Will there be political concerns if a different vendor process is used? In an effort to enhance their image in the eyes of an eco-friendly consumer, your chosen company has hired you to provide specific recommendations for completing each step of their Green Sourcing process. Conduct research to capture a clear view of the company’s Green Sourcing processes. Then, create an outline of the Green Sourcing process. Your outline should include the information defined within each step of the Green Sourcing process that is relevant to sourcing for the production and sale of the company’s product. Develop a white paper to discuss the company’s options. It should include an introduction that contains the purpose statement for your work and the steps to be followed in the narrative. This will demonstrate your understanding of how to approach the assignment, including the literature review and recommendations for action by the company. Length: 5-7 pages (excluding the cover sheet, title page, and references) to cover the reasons for green sourcing, pros and cons, and how the company can incorporate sustainability. References: Include a minimum of five scholarly resources within the last 5 years covering green sourcing, sustainability, and eco-friendly operations. The majority should be from peer-reviewed journals.