Corporate social responsibility in Supply chain management

Abstract

Globalization and industrialization have motivated industries to newlineadapt their sustainable practices in addition to the concerns of newlineenvironmental degradation and resource scarcity Along with the societal newlineand environmental pressures to satisfy the stakeholders and to gain the newlinelicense to operate these sustainability practices became mandatory in the newlinecurrent realm Hence in the last decade firms have begun to integrate these newlinesustainable strategies in their production operations and management In newlinerecent years the sustainability practices are integrated into supply chain newlinemanagement The supply chain management became a hot research topic newlinedue to its momentous impact over the firm s economic value Ineffective newlinesupply chain management leads to chaos throughout the whole supply newlinechain which further deteriorates the firm Due to these considerations newlineresearchers seek to improve the efficiency of the supply chain with various newlinestrategies and as a result now the supply chain is extended with sustainable newlinestrategies Even though the supply chain management includes many newlineactivities sourcing gained more attention among the supply chain newlinepractitioners Since generally more than half of the initial investment of any newlinefirm is spent only in sourcing operations ineffective sourcing strategies will newlinesuppress the firm newline newline newline