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As the economy expands, the demand for more raw materials required for the production of goods has increased. Economies are growing so rapidly that we have to examine how wise it is to increase the rate at which we extract more raw materials and generate waste. This current unsustainable model that consists of “take-make-use-dispose” is called linear economics.

If we fix our attention a bit on our behavior as consumers, we will observe that society has increased its consumption of products and services of which we only gain satisfaction for a short time. With this, I mean that on average a product can last in the hands of the buyer is between 6 to 12 months due to a new model being launched in the market, it no longer being useful, the use of the item was not essential, etc. Designs are constantly altered to attract the buyer and achieve their loyalty, however, we face new challenges daily. The population is growing exponentially and currently, middle-class consumers are enjoying products that were catered for a certain social status. It is estimated that in the next 20 to 30 years more than 2 million new consumers will enter the market and will exert strong pressure on society.

So one has to wonder, do we have enough resources to supply this increase in the world’s populations if we continue with the same behavior?

Most of us have become accustomed to the habit of only using and discarding, but now we have to create a culture of reusing in which each item or material we use is regenerated instead of discardied. Globally, food culture must be improved since it is the real driving force behind this excessive waste.

From inception, Nature has given us the formula for sustainability. When an animal dies, its remains to nourish the soil, and then renewable energy (the sun) creates another living being (the plants). If we simulate the process of nature in our manmade processes, we can close the loop and we would be re-designing the business model to a circular economy (CE).

The (CE) is inspired by the natural system and allows us to radically reduce the extraction of raw materials and the production of waste. It achieves this through the repeated recovery and reuse of as many products and materials as possible, in a systematic way, paying particular attention to “manufacturing / re-manufacturing – use/ reuse”.

The Ellen MacArthur Foundation defines the circular economy as a restorative and regenerative alternative which aims to ensure that products, components and resources in general maintain their usefulness and value at all times. This concept distinguishes between technical and biological cycles. In short, it is an attractive and viable solution that has already begun to be explored by different companies.

There are several principles that should be considered:

• Waste = raw material

• Diversity.

• Renewable energy.

• Work systems.

Waste = raw material: If we redesign the products so that they can be reused or disarmed at the end of their life span, we could generate value in processes where they are generating expenses.

Diversity: A company can gain greater value from diversity by sharing strengths and having a greater set of resources to take advantage of in its value chain.

Renewable energy: It is highly beneficial to use renewable energy in a circular economy because it helps to build long term, non-detrimental, energy providing systems.

Work system: The objective is to integrate different factors which work together to create effective flows of materials and information. We utilize the connections between people, places and ideas and observe how we can create opportunities to generate social gains.

TOWARDS A SUSTAINABLE FUTURE…

It is important to create appropriate models that guarantee long-term gains in order to close the gap in the cycle. There are several processes that are key to the development of a circular economy. Among the main ones:

1. Product recovery

2. Reprocessing

3. Re-marketing.

Recovering the product in terms of quantity, quality and reasonable prices are the first steps towards a circular economy. Followed by the reprocessing of these products, this can cover the expectations of the market. Re-marketing plays an important role in locating and managing the flow of information that facilitates the output of these products.

The implementation of appropriate strategies and investment in the education of consumers will allow sustainability and will impact the triple bottom line: economic, social and environmental.

Innovation in business

For the creation of a circular economy, it is necessary that all industries discontinue the promotion of the linear economy, in terms of the development of single-use packaging where, we purchase, remove the packaging and then discard it.

Can companies change their business models to a circular model? The challenges are not only in the design of the processes, but also in having responsible leadership that is willing to continue generating profitability by doing the right thing. With adequate consultancy, it is possible for any organization, regardless of its size, to achieve a sustainable business model.

Several companies have been pressured for a long time to assume greater responsibility for the single-use items they sell. Thanks to many initiatives, the consumer is increasingly attracted to socially responsible companies, to reprocessed products and they are even involved in continuous improvement through effective communication strategies which generates value in the supply chain.

Currently there are many successful cases in different countries which have managed to break all kinds of paradigms and generate great returns. These include Burberry, Gap, H & M, HSBC, Starbucks, McDonald’s, phone manufacturers such as fair phone and many more.

As entrepreneurs, organizations, governments and citizens, we are responsible for the impact that we have on our economy, society and the environment. There are many ways to contribute to this new business mode, which include the following:

Governments: Promote sustainable development by encouraging local trade. Create laws that facilitate the recycling and collection process and which encourages the use of renewable energy.

Entrepreneurs: Design reusable and recyclable products. Send products and services that have a long lifespan and that impacts our planet as little as possible to the market. Encourage staff to consume responsibly.

Non-profit organizations: Educate citizens on the importance and impacts of sustainable development.

Consumers: Acquire long-life products and 100% recyclable products. Support initiatives to improve the environmental footprint of companies, organizations and governments and initiate a reuse culture for the good of society and the planet.

All these actions are completely feasible and have been proven to increase profitability considerably. Now it is in the hands of responsible leadership to promote and develop the circular economy as the new business model.

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It is a work program that consists of carrying out activities of order/cleaning and detention of anomalies in the workplace, which by its simplicity allows the participation of all at an individual or group level, improving the work environment and the safety of the personnel.

Objectives

Improve and maintain the conditions of organization, order and cleanliness in the workplace. It is not only about esthetics. It’s about improving the conditions of work, safety, the work environment, the staff motivation and efficiency and, consequently, quality, productivity and competitiveness of the organization.

5S are five Japanese principles:

Seiri (Sort): It consists of identifying and separating materials. The aim is to remove all unnecessary items from your working environment.

Seiton (Set in order): or Straighten is the process of taking the required items that are remaining after the removal of clutter and arranging them in an efficient manner through the use of ergonomic principles and ensuring that every item “has a place and that everything is in its place.

Seiso (Shine): is organized effective cleaning of your area. It consists in identifying and eliminating sources of dirt, ensuring that all means are always in perfect health condition.

Seiketsu (Standardize): is the process of ensuring that what we have done within the first three stages of 5S become standardized; that is we ensure that we have common standards and ways of working

Shitsuke (Sustain): The purpose of this final stage is to sustain the gains made and make 5S part of your everyday routine in the organization; ensuring that we do not fall back to our old ways and lose all of the 5S Benefits.

Benefits

There are many benefits implementing the 5s system. Some of them are:

  1. Increase productivity.
  2. Reduce waste.
  3. Improve staff motivation.
  4. Safe environment

For whom are the 5S?

For any type of organization, whether industrial or services, that want to start the continuous improvement process. The 5S are universal, they can be applied in all kinds of companies and organizations, for example: workshops, offices, factories, even in those that apparently they are sufficiently ordered and clean.

ALWAYS AVOID INEFFICIENCIES, AVOID DISPLACEMENTS, AND ELIMINATE DISPLACEMENTS OF TIME AND SPACE.

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To understand the circular economy is important to describe the linear economy.

The Linear Economy is not working very well. Three reasons.

  • Resources like fossil fuels, food and water are increasingly hard to get at.
  • Biodiversity is in decline worldwide. Still, we seem to take the ecological services provided by the natural world for granted.
  • The financial system almost crashed the entire economy.

As the economy grows, we need more raw materials for the production of goods and we produce more waste. This is not a problem as long as the economy is relatively small compared to our natural ecosystem. The natural ecosystem is both the source of raw materials and the “sink” for our wastes.

But today, our economies have become so large that we have to question the wisdom of extracting ever more raw materials and dumping more and more waste. This current economy of “take-make-use-dispose” is called the linear economy. It is not a sustainable model.

The Circular Economy, in contrast, aims to radically limit the extraction of raw materials and the production of waste. It does this by recovering and reusing as many of the products and materials as possible, in a systemic way, over and over again. The Circular Economy is a “make/remake – use/reuse” economy.

See the following video Animation by the Ellen MacArthur Foundation: https://youtu.be/zCRKvDyyHmI

The Circular Economy is inspired by natural systems which often have some amazing characteristics. What if we could make our man-made systems work more like natural systems? What are the ‘rules’ or ‘principles’ that govern these natural systems? And, can we use these to inform a Circular Economy?

The four principles of the Circular Economy are:

  1. Waste equals Food
  2. Build resilience through diversity
  3. Use energy from renewable resources
  4. Think in systems

Why it is difficult for companies to be innovative

  • Real wages have been stagnant or falling for several decades.
  • This has resulted in intense competition among companies selling products and services, and in an unfavorable market position for environmentally or socially benign products (these often cost more).
  • The 3 billion new customers entering the market in the next 20 to 30 years will put an enormous pressure on the resource base if we continue along our current, linear ways

The circular economy is the best way to do business and become a sustainable company.

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ISO 26000 is a voluntary guidance standard on social responsibility designed for use by any organization. It can be used by business leaders to plan and implement actions to improve their sustainability – economically, socially, and environmentally.

What is ISO 26000, and who is it for?

For many successful businesspeople – and perhaps for you – being socially responsible is a part of who they are and why they are in business: to provide useful products and services, to provide jobs and development opportunities for their communities, and to gain satisfaction through meaningful work. In many countries, these “socially responsible entrepreneurs” have been quietly making a difference by acting on their values and principles, and inspiring others. They have the spirit of social responsibility already.

ISO 26000 provides broad guidance, but does not offer specific instructions or require specific outcomes. Businesses that implement ISO 26000 have opportunities to identify and act on their own priorities, and to build stronger business models in the spirit of “continuous improvement.” Implementers of ISO 26000 will develop their unique corporate social responsibility programs and become models for others.

How does ISO 26000 encourage sustainable development?

Sustainable development is growth and change that maintains and improves the natural environment, human resources, and society upon which we depend. Businesses that identify, maintain, and improve their natural and human resources are highly competitive. They are more able to cope with challenges in the marketplace. They can anticipate and reduce threats caused by environmental changes or natural disasters, and can better adapt to significant social changes. No business can predict the future perfectly; but smart businesses can plan for a future in which significant social and environmental changes occur. Businesses that contribute to a more sustainable society are more likely to be valued and supported by consumers, supply chains, and policy makers. ISO 26000 provides information and decision-making tools for businesses to identify ways they can improve their impacts on the people and places they work and live in, and thereby become more valuable and valued members of society.

Key Elements of ISO 26000:

Stakeholders, Core Subjects and Reporting

1) Stakeholders are those people and groups that are affected by the actions of your business. These can include workers, suppliers, community residents, consumers, and investors. Communicating with them is one of the best ways a business can find out where it is doing a good job, and where it could improve.

2) Core Subjects

ISO 26000 identifies seven core subjects that socially responsible businesses should address. Implementers of ISO 26000 should evaluate their actions in each of the core subjects, to identify what they are doing in their current practices, and to set priorities for improvements.

Organizational governance – practicing accountability and transparency at all levels of your organization; using leadership to create an organizational culture which uses core values of social responsibility when making business decisions.

Human rights – treating all individuals with respect; making special efforts to help people from vulnerable groups.

Labor practices – providing just, safe and healthy conditions for workers; engaging in two-way discussions to address workers’ concerns.

Environment– identifying and improving environmental impacts of your operations, including resource use and waste disposal.

Fair operating practices – respecting the law; practicing accountability and fairness in your dealings with other businesses, including your suppliers.

Consumer issues – providing healthy and safe products, giving accurate information, and promoting sustainable consumption.

Community involvement and development – getting involved in the betterment of the local communities that your organization operates in; being a good neighbor.

3) Reporting

This is a valuable tool for engaging stakeholders and for promoting your achievements. Implementers of ISO 26000 should report on activities and decisions in as many of the seven core subjects as they can. If they do not address a core subject, they need to: (1) explain why they omitted it, and (2) include it in a plan for consideration in the future.

Search: Ecologia

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Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supply chain. Often, the term reverse logistics is used for products that have already reached the final point of sale or been bought by a customer. However, remember that products or sub assemblies that never made it out of the factory may need to travel backwards one or more stages along the supply chain. This also qualifies as reverse logistics. Reasons why reverse logistics are necessary can be diverse. Customers may find a product to be faulty or unsuitable for their needs. They may have ordered more than they need. They may have simply changed their mind. Manufacturers may recall stock because of flaws or to replace older products with newer ones. They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. in order to contribute closing the life cycle of products, Inversa Consulting LLC design a new returns management Software REVEL, that will help to control and improve material flow from your customers. Its main objective is to create value where expenses are generated.


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What is Social Return on Investment (SROI)?

Social Return on Investment (SROI) is a framework for measuring and accounting for a much broader concept of value; it seeks to reduce inequality and environmental degradation and improve the well being by incorporating social, environmental and economic costs and benefits.

SROI measures change in ways that are relevant to the people or organizations that experience or contribute to it. It tells the story of how change is being created by measuring social, environmental and economic outcomes and uses monetary values to represent them. This enables a ratio of benefits to costs to be calculated. For example, a ratio of 3:1 indicates that an investment of $1 delivers $3 of social value.

The principles of SROI 

They were developed from social accounting and cost-benefit analysis and is based on seven principles. These principles indicate how the SROI should be applied. They consist of the following:

  1. Involve stakeholders.
  2. Understand what changes.
  3. Value the things that matter.
  4. Only include what is material.
  5. Do not over-claim.
  6. Be transparent.
  7. Verify the result.


The stages in SROI Carrying out an SROI analysis involves six stages:

1  Establishing scope and identifying key stakeholders. It is important to have clear boundaries about what your SROI analysis will cover, who will be involved in the process and how.

2  Mapping outcomes. Through engaging with your stakeholders you will develop an impact map, or theory of change, which shows the relationship between inputs, outputs and outcomes.

2 Guidance from Accountability recommends that you consider the views of your stakeholders, societal norms, what your peers are doing, financial considerations, and organizational policies and objectives as criteria for judging materiality.

3 Evidencing outcomes and giving them a value. This stage involves finding data to show whether outcomes have happened and then valuing them.

4 Establishing impact. Having collecte
d evidence on outcomes and monetized them, those aspects of change that would have happened anyway or are a result of other factors are eliminated from consideration.

5 Calculating the SROI. This stage involves adding up all the benefits, subtracting any negatives and comparing the result to the investment. This is also where the sensitivity of the results can be tested.

6   Reporting, using and embedding. Easily forgotten, this vital last step involves sharing findings with stakeholders and responding to them, embedding good outcomes processes and verification of the report.


How SROI Can Help You

An SROI analysis can fulfil a range of purposes. It can be used as a tool for strategic planning and improving, for communicating impact and attracting investment, or for making investment decisions. It can help guide choices that manager’s face when deciding where they should spend time and money.

SROI can help you improve services by:

*  Facilitating strategic discussions and helping you understand and maximize the social value an activity creates;

*  Helping you target appropriate resources at managing unexpected outcomes, both positive and negative;

*  Demonstrating the importance of working with other organizations and people that have a contribution to make in creating change;

*  Identifying common ground between what an organization wants to achieve and what its stakeholders want to achieve, helping to maximize social value;

*  Creating a formal dialogue with stakeholders that enables them to hold the service to account and involves them meaningfully in service design.


SROI can help make your organization more sustainable by:

* Raising your profile;

* Improving your case for further funding;

* Making your tenders more persuasive


SROI is less useful when:

*
A strategic planning process has already been undertaken and is already being implemented

* Stakeholders are not interested in the results

* it is being undertaken only to prove the value of a service and there is no opportunity for changing the way things are done as a result of the analysis.

 
Comparing social return between different organizations

Organizations work with different stakeholders and will have made different judgments when analyzing their social return. Consequently, it is not appropriate to compare the social return ratios alone. In the same way that investor’s need more than financial return information to make investment decisions, social investors will need to read all of the information produced as part of an SROI analysis. However, an organization should compare changes in its own social return over time and examine the reasons for changes. Organizations should also endeavor to educate funders and investors on the importance of putting the ratio in the context of the overall analysis


Who Can Use SROI?

Types of organization SROI has been used by a range of organizations across the third, public and private sectors, including those that are small, large, new and established.

 

Source: The cabinet office


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What are the Sustainable Development Goals?
The Sustainable Development Goals (SDGs), otherwise known as the Global Goals, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.
These 17 Goals build on the successes of the Millennium Development Goals, while including new areas such as climate change, economic inequality, innovation, sustainable consumption, peace and justice, among other priorities. The goals are interconnected – often the key to success on one will involve tackling issues more commonly associated with another.
The SDGs work in the spirit of partnership and pragmatism to make the right choices now to improve life, in a sustainable way, for future generations. They provide clear guidelines and targets for all countries to adopt in accordance with their own priorities and the environmental challenges of the world at large. The SDGs are an inclusive agenda. They tackle the root causes of poverty and unite us together to make a positive change for both people and planet.
What is the SDG Compass? The objective of the SDG Compass is to guide companies on how they can align their strategies as well as measure and manage their contribution to the SDGs. The guide presents five steps that assist companies in maximizing their contribution to the SDGs.
Companies can apply the five steps to set or align their course, depending on where they are on the journey of ensuring that sustainability is an outcome of core business strategy. The five steps of the SDG Compass rest on the recognition of the responsibility of all companies to comply with all relevant legislation, respect international minimum standards and address as a priority all negative human rights impacts.
The SDG Compass is developed with a focus on large multinational enterprises. Small and medium enterprises and other organizations are also encouraged to use it as a source of inspiration and adapt as necessary. It is also designed for use at entity level, but may be applied at product, site, divisional or regional level as required.
The SDG Compass guide is organized into sections that address each of the five steps of the guide: Search: www.sdgcompass.org
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SUPPLY CHAIN MANAGEMENT

(SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.

The concept of Supply Chain Management (SCM) is based on two core ideas:

1. The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. These organizations are referred to collectively as the supply chain.
2. The second idea is that while supply chains have existed for a long time, most organizations have only paid attention to what was happening within their “four walls.” Few businesses understood, much less managed, the entire chain of activities that ultimately delivered products to the final customer. The result was disjointed and often ineffective supply chains.

The organizations that make up the supply chain are “linked” together through physical flows and information flows

Physical flows
involve the transformation, movement, and storage of goods and materials. They are the most visible piece of the supply chain. But just as important are information flows.

Information Flows
Information flows allow the various supply chain partners to coordinate their long-term plans, and to control the day-to-day flow of goods and materials up and down the supply chain.

Why SCM strategy is important for an Organization

Supply Chain Strategies are the critical backbone to Business Organizations today. Effective Market coverage, Availability of Products at locations that hold the key to revenue recognition depends upon the effectiveness of Supply Chain Strategy rolled out. Very simply stated, when a product is introduced in the market and advertised, the entire market in the country and all the sales counters need to have the product where the customer can buy and take delivery.
Any glitch in the product not being available at the right time can result in the drop in customer interest and demand which can be disastrous. Transportation network design and management assume importance to support sales and marketing strategy.
Inventory control and inventory visibility are two very critical elements in any operations for these are the cost drivers and directly impact the bottom lines on the balance sheet. Inventory means value and is an asset to the company. Every business has a standard for inventory turnaround that is optimum for the business. Inventory turnaround refers to the number of times the inventory is sold and replaced over a period of twelve months. The health of the inventory turn relates to the health of business.
In a global scenario, the finished goods inventory is held at many locations and distribution centers, managed by third parties. A lot of inventory would also be in the pipeline in transportation, besides the inventory with distributors and retail stocking points. Since any loss of inventory anywhere in the supply chain would result in loss of value, effective control of inventory and visibility of inventory gains importance as a key factor of Supply Chain Management function.

Supply Chain Management – Advantages

In this era of globalization where companies compete to provide the best quality products to the customers and satisfy all their demands, supply chain management plays a very important role. All the companies are highly dependent on effective supply chain process.
Let’s take a look at the major advantages of supply chain. The key benefits of supply chain management are as follows −
● Develops better customer relationship and service.
● Creates better delivery mechanisms for products and services in demand with minimum delay.
● Improvises productivity and business functions.
● Minimizes warehouse and transportation costs.
● Minimizes direct and indirect costs.
● Assists in achieving shipping of right products to the right place at the right time.
● Enhances inventory management, supporting the successful execution of just-in-time stock models.
● Assists companies in adapting to the challenges of globalization, economic upheaval, expanding consumer expectations, and related differences.
● Assists companies in minimizing waste, driving out costs, and achieving efficiencies throughout the supply chain process.
These were some of the major advantages of supply chain management. After taking a quick glance at the concept and advantages on supply chain management, let us take a look at the main goals of this management.

SCM – Process
Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. A supply chain is the collection of steps that a company takes to transform raw materials into a final product. The five basic components of supply chain management are discussed below −
Plan
The initial stage of the supply chain process is the planning stage. We need to develop a plan or strategy in order to address how the products and services will satisfy the demands and necessities of the customers. In this stage, the planning should mainly focus on designing a strategy that yields maximum profit.

For managing all the resources required for designing products and providing services, a strategy has to be designed by the companies. Supply chain management mainly focuses on planning and developing a set of metrics.

Develop (Source)
After planning, the next step involves developing or sourcing. In this stage, we mainly concentrate on building a strong relationship with suppliers of the raw materials required for production. This involves not only identifying dependable suppliers but also determining different planning methods for shipping, delivery, and payment of the product.
Companies need to select suppliers to deliver the items and services they require to develop their product. So in this stage, the supply chain managers need to construct a set of pricing, delivery and payment processes with suppliers and also create the metrics for controlling and improving the relationships.
Finally, the supply chain managers can combine all these processes for handling their goods and services inventory. This handling comprises receiving and examining shipments, transferring them to the manufacturing facilities and authorizing supplier payments.

Make
The third step in the supply chain management process is the manufacturing or making of products that were demanded by the customer. In this stage, the products are designed, produced, tested, packaged, and synchronized for delivery.
Here, the task of the supply chain manager is to schedule all the activities required for manufacturing, testing, packaging and preparation for delivery. This stage is considered as the most metric-intensive unit of the supply chain, where firms can gauge the quality levels, production output and worker productivity.

Deliver
The fourth stage is the delivery stage. Here the products are delivered to the customer at the destined location by the supplier. This stage is basically the logistics phase, where customer orders are accepted and delivery of the goods is planned. The delivery stage is often referred as logistics, where firms collaborate for the receipt of orders from customers, establish a network of warehouses, pick carriers to deliver products to customers and set up an invoicing system to receive payments.

Return
The last and final stage of supply chain management is referred as the return. In the stage, defective or damaged goods are returned to the supplier by the customer. Here, the companies need to deal with customer queries and respond to their complaints etc. This stage often tends to be a problematic section of the supply chain for many companies. The planners of supply chain need to discover a responsive and flexible network for accepting damaged, defective and extra products back from their customers and facilitating the return process for customers who have issues with delivered products.

SCM – Process Flow
Supply chain management can be defined as a systematic flow of materials, goods, and related information among suppliers, companies, retailers, and consumers.
Types
There are three different types of flow in supply chain management −
● Material flow
● Information/Data flow
● Money flow

Material Flow
Includes a smooth flow of an item from the producer to the consumer. This is possible through various warehouses among distributors, dealers and retailers.
The main challenge we face is in ensuring that the material flows as inventory quickly without any stoppage through different points in the chain. The quicker it moves, the better it is for the enterprise, as it minimizes the cash cycle.
The item can also flow from the consumer to the producer for any kind of repairs, or exchange for an end of life material. Finally, completed goods flow from customers to their consumers through different agencies. A process known as 3PL is in place in this scenario. There is also an internal flow within the customer company.

Information Flow
Information/data flow comprises the request for quotation, purchase order, monthly schedules, engineering change requests, quality complaints and reports on supplier performance from customer side to the supplier.
From the producer’s side to the consumer’s side, the information flow consists of the presentation of the company, offer, confirmation of purchase order, reports on action taken on deviation, dispatch details, report on inventory, invoices, etc.
For a successful supply chain, regular interaction is necessary between the producer and the consumer. In many instances, we can see that other partners like distributors, dealers, retailers, logistic service providers participate in the information network. In addition to this, several departments at the producer and consumer side are also a part of the information loop. Here we need to note that the internal information flow with the customer for in-house manufacture is different.

Money Flow
On the basis of the invoice raised by the producer, the clients examine the order for correctness. If the claims are correct, money flows from the clients to the respective producer. Flow of money is also observed from the producer side to the clients in the form of debit notes.
In short, to achieve an efficient and effective supply chain, it is essential to manage all three flows properly with minimal efforts. It is a difficult task for a supply chain manager to identify which information is critical for decision-making. Therefore, he or she would prefer to have the visibility of all flows on the click of a button.


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Social Responsibility (SR) is not something new in the business world, although in recent years it is acquiring a new dimension because of the special interest it entails, demanding careful management as a social responsibility strategy, that exceeds its philanthropic perception.

Due to the importance that SR has received in organizations, more and more companies decide to create a specific department with the purpose of addressing these issues, generating proposals and executing actions. They have also decided to incorporate the entire organization with this culture.
 
However, because it is one of the most recent areas in the corporate sphere, there is still no standardization and each company handles it in a different way.
 
THE IMPORTANCE OF INCORPORATING CSR AS A STRATEGIC PROCESS FOR THE COMPANY
 
The current requirement for companies to be beneficial to the world where their business success involves going beyond the good economic results encourages them to adopt the philosophy of social responsibility within their organization. For today’s world, companies are also responsible for social and environmental development as well as for reporting their results in these aspects.
 
For the successful incorporation of CSR within the company, it is important to include all the company stakeholders (shareholders, employee, customers, community, environment, government and suppliers) in the strategic planning of this process.
 
The objective of CSR is to promote sustainable development based on a triple-action approach (economic, environmental and social balance).
 
There are different indicators which companies can be guided by such as:
ISO 26000
Ethos
Global reporting initiative
Global compact
SGE 21
Accountability AA1000
 Inversa Consulting promotes the development of socially responsible companies. We apply innovative work methodologies that allow us to improve the organizational culture of our clients. Among some of the business benefits derived from CSR activities are:
* Improvement of risk management
* Cost reduction
*Differentiation in the market
*Positive influence on employees’ behavior
*Better reputation and brand value
*Efficiency in management
*Better relationships with stakeholders
*Improved staff productivity
*Reduction of capital costs.

 

Be more competitive and sustainable company…

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Supply chain sustainability is a business issue affecting an organization’s supply chain or logistics network in terms of environmental, risk and waste costs. There is a growing need to integrate environmental options into supply chain management.. Sustainability in the supply chain is increasingly seen among high-level executives as essential to deliver profitability and has replaced unnecessary cost. A sustainable supply chain Take advantage of value creation opportunities and offers significant competitive advantages for early adopters and process innovators. There are different strategies that exist for a sustainable supply chain. In Inversa Consulting we offer strategies such as “reverse logistics” in order to close the life cycle of products. This is an activity with a huge growth potential that has been defined as the last frontier for cost reduction in companies. Its main objective is to create value where expenses are generated. There are two types of reverse logistics according to the purpose with which they comply:
  1. Reverse logistics of returns: In this first case we detect all those returns that are due to problems with the product. Such as defects and errors in the quantity or in the product.
  2. Reverse logistics of waste: In this instance, the reverse logistics is not a result of any problem with the product, but is part of the effects of shipping. They can be of very different types: packaging, wrappings, pallets, remains of raw materials or other components, etc. which may have to be recovered, recycled or treated for disposal.

We have a new platform for the control and management of your returns: revel.inversac.com

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