Sustainable Supply Chain Management: Barriers and overcoming strategies

Supply chain refers to all the entities involved in the process of distribution and consumption of goods or services or both. Supply chain comprises large enterprises at the centre, with other players at the periphery. Other players include distributors of products, customers of the distributors. The list is lengthy and needs adequate supervision to ensure that all due procedures are duly met before the ultimate client is eventually achieved by the commodity.

Different strategies by different companies, based on the scale of their operations help to manage their supply chains. Larger enterprises are well-placed and tend to employ a more systematic approach to SSCM. SMEs, on the other hand, have encountered tremendous progress in the market through the institution of proper SSCM strategies in their operations. It is critical to consider that SMEs have been experiencing tremendous success in the economy lately by the creation of job opportunities for people, thereby reducing the overall economic and financial burden on the government (Kot, 2018).

 

Barriers of Sustainable Supply Chain Management

 

This study identifies a list of barriers that hinders the adoption, implementation, and upscaling of sustainable supply chain innovation in the manufacturing industry. It further proposes overcoming strategies that seek to aid management decision to dealing with these barriers systematically. A multi-criteria decision analysis method, the Best-Worst Method (BWM), is aids in the evaluation and prioritization of the barriers and their overcoming strategies within the Indian manufacturing industry, an emerging economy.

Best Worst method

In today’s market environment, decision-making is critical. When making a decision, various parameters must be considered, which are often at odds with one another. Efforts in recent years try to incorporate multi-criteria decision-making (MCDM) techniques in order to find effective rating decisions. The AHP (analytical hierarchy process) is thought to be. One of the first approaches introduced is the analytical hierarchy procedure (AHP).

The method uses a pair-wise comparison and offers acceptable weights for various parameters using a simple but sophisticated method. To determine the required weights of the alternatives, AHP usually employs n(n-1)/2 comparisons. When there are a lot of criteria, the similarities can be complicated. When there are a lot of requirements, the number of comparisons grows, and the process becomes time-consuming and frustrating. The inconsistency that occurs in the final results is one of the consequences of comparing so many parameters. The approach only needs 2n-3 comparisons, making it simpler to use. In reality, the Best-Worst method (BWM) is an MCDM method in which the decision-maker selects the best and worst criteria and provides

 

Objectives of this project:

• To identify and rank the barriers that may hinder sustainable supply
chain innovation adoption, implementation and upscaling.
• To identify, evaluate and rank the overcoming strategies with respect to the barriers to sustainable supply chain innovation adoption, implementation and upscaling.
• To provide practical insights in the applicability of this model within
an emerging economy

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