It's Your Supplier, Make it "LARGS" Supplier Selection Using "LARGS" - Lean, Agile, Resilient, Green, and Sustainable. Any organization's supply chain sustainability now depends critically on knowing the extent of the social, environmental, and economic impact and viability that its suppliers have. It has been observed that buying managers take into account traditional supplier selection criteria. Sustainable supplier selection from a resilience and sustainability point of view has become vital in Today’s business scenarios. To remain competitive, companies must consider “LARGS” (Lean, Agile, Resilient, Green, Sustainable) as supply chain attributes for supplier selection to attain long-term corporate success. LEAN : Lean supply chain management is the application of lean management principles to the optimisation of inter-organizational processes that are directly connected by the upstream and downstream flow of goods, information, and finance in order to re...
Procurement Prodigy is a blog dedicated to providing insightful and informative content on procurement and supply chain management. Blog aims to help businesses and professionals improve their procurement practices by sharing best practices. This covers a range of topics, including strategy development, supplier management, sustainable procurement & technology. With a focus on innovation, "Procurement Prodigy" offers a fresh perspective on the ever-evolving world of procurement.