out exhausting nonrenewable resources and in a manner that minimizes the impact

Out exhausting nonrenewable resources and in a manner

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out exhausting nonrenewable resources and in a manner that minimizes the impact on the environment. 2.2.9 Regulatory compliance All businesses must be aware of governmental regulations and required compliance. Examples of regulations in the United States include the Sarbanes-Oxley Act regard- ing ethical practices and generally accepted accounting practices (GAAP) regarding ¿QDQFLDO UHSRUWLQJ² $V WUDGH RSHQV DFURVV WKH ZRUOG´ PRUH DQG PRUH FRXQWULHV DGG regulations, making regulatory compliance of global companies more complex. 2.2.10 Global considerations As trade is opened to global sources and customers, many global considerations are needed to cover the wide array of possibilities in customer requirements. 2.3 Sustainability In operations and supply chain management, sustainability is the idea that business FDQ KHOS HQVXUH WKDW PDUNHWV´ FRPPHUFH´ WHFKQRORJ\´ DQG ¿QDQFH DGYDQFH LQ ZD\V WKDW EHQH¿W HFRQRPLHV´ VRFLHWLHV´ HFRV\VWHPV´ DQG VWDNHKROGHUV LQ JHQHUDO²RU´ DW D minimum, do no harm—and contribute to a more maintainable and inclusive global economy. ¶²³²± 7ULSOH ERWWRP OLQH ´7%/µ 7KH 7%/ UHIHUV WR SHRSOH´ SODQHW´ DQG SUR¿W² ,Q 7%/ UHSRUWLQJ´ HQYLURQPHQWDO´ VRFLDO´ and economical aspects all are equally considered. .1 Life cycle assessment Life cycle assessment is a technique to assess the environmental aspects and potential impacts associated with a product, process, or service by compiling an inventory of relevant energy and material inputs and environmental releases evaluating the poten- WLDO HQYLURQPHQWDO LPSDFWV DVVRFLDWHG ZLWK LGHQWL¿HG LQSXWV DQG UHOHDVHV LQWHUSUHWLQJ the results to make a more informed decision. .2 Corporate social responsibility &RUSRUDWH VRFLDO UHVSRQVLELOLW\ PHDQV XVLQJ IDLU DQG EHQH¿FLDO EXVLQHVV SUDFWLFHV UHJDUGLQJ ODERU DQG WKH FRPPXQLW\ RU UHJLRQ ZKHUH D ¿UP FRQGXFWV LWV EXVLQHVV² ,W LV about providing a safe work environment, giving back to a community by contributing to health care and education, and avoiding the exploitation of labor and resources of an area.
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14 ©2011 APICS The Association for Operations Management .3 Economic prosperity (FRQRPLF SURVSHULW\ UHIHUV WR VXSSRUWLQJ WKRVH WKDW SURYLGH ¿QDQFLDO FDSLWDO LQ WKH IRUP RI HDUQLQJV DQG UHODWHG EHQH¿WV´ DQG ERRVWLQJ WKH HFRQRP\ RI WKH VRFLHW\² 2.3.2 Sustainable supply chain Sustainable supply chains seek clean methods of production, minimization of the environmental footprint of products and services, and combining environmentally friendly decisions with effective supply chain practices. Clean production focuses on waste minimization and avoidance reusing waste products when possible reclaiming products at the end of useful life preventing or reducing pollution at the source substituting for toxic and hazardous materials reducing waste and potential pollutants in product or service as well as transportation to market.
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