On October 10, 2013, the Global Environmental Management Initiative (GEMI) announced that it is creating a new tool to help businesses with supply chain sustainability and the procurement decision-making process. This complimentary tool will be an interactive and online, it is designed to help business prioritize supply chain processes and identify “hotspot” processes as well as opportunities for improvement. It is ideal for sustainability and purchasing professionals.
The tool will be developed in conjunction with with the Northstar Initiative for Sustainable Enterprise (NiSE) at the Institute on the Environment at the University of Minnesota and the Erb Institute for Global Sustainable Enterprise at the University of Michigan.
GEMI already has 2 supply chain sustainability tools, New Paths to Business Value (2001) and Forging New Links (2004).
The new tool will build on the preceding tools and enhance supply chain transparency using a scalable platform to help guide sustainable procurement and sourcing.
The new tool will link the following four components:
- Market-oriented sustainability claims
- Economic input-output (EIO)
- Life-cycle assessment (LCA) results
- Supply chain sustainability performance metrics
Four key benefits of the new tool:
- Evaluate external impacts
- Business risks
- Identify opportunities
- Assess management plans related to water use and discharge
© 2013, Richard Matthews. All rights reserved.
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