5.5 Key Terms
- Ethical Supply Chain: A network of suppliers committed to fair labor practices, safe working conditions, and responsible sourcing.
- Supplier Certifications: Third-party verifications (like Fair Trade, ISO 14001, and Rainforest Alliance) that demonstrate a supplier’s adherence to specific social or environmental standards.
- Waste Reduction: A core practice in sustainable supply chains that focuses on cutting down on waste at every stage, from production to delivery.
- Logistics Optimization: The process of improving a company’s shipping and transport methods to reduce fuel consumption and a business’s environmental footprint.
- Circular Economy: An economic system that aims to eliminate waste and keep resources in use for as long as possible. It is the opposite of the traditional linear model of “take-make-dispose.”
- Product Longevity: Designing products to be durable and long-lasting, which reduces the need for frequent replacements and minimizes waste.
- Take-back Program: A system where a business takes back old or used products from customers for recycling, repair, or reuse.
A network of suppliers committed to fair labor practices, safe working conditions, and responsible sourcing.
Third-party verifications (like Fair Trade, ISO 14001, and Rainforest Alliance) that demonstrate a supplier's adherence to specific social or environmental standards.
A core practice in sustainable supply chains that focuses on cutting down on waste at every stage, from production to delivery.
The process of improving a company's shipping and transport methods to reduce fuel consumption and a business's environmental footprint.
An economic system aimed at eliminating waste and the continuous use of resources, where products and materials are kept in use for as long as possible.
Designing products to be durable and long-lasting, which reduces the need for frequent replacements and minimizes waste.
A system where a business takes back old or used products from customers for recycling, repair, or reuse.
