SUPPLY CHAIN MANAGEMENT
Recognising the importance of empowering both personnel and supplier teams , capability building programmes have been introduced . These initiatives equip teams with the necessary skills , fostering good governance and contributing to organisational growth .
By integrating sustainability into procurement practices and comprehending its ESG impact , the buyer community and vendor partners gain enhanced control over future performance trajectories . Through comprehensive training programmes , a nuanced understanding of ESG matters is cultivated , complemented by collaborations with specialised organisations delivering technical expertise where needed .
Balancing sustainability and costs Coca-Cola HBC demonstrates that sustainable practices can coexist with cost savings . For example , transitioning to certified green energy resulted in cost reductions by working consistently with its engineering department to introduce new processes in production and next generation machinery and innovations that reduce the amount of energy being consumed in manufacturing . Reducing energy consumption helps the company contain energy costs and equally positively contributes to its Scope 2 emissions performance .
The company continually innovates and collaborates to manage input costs while maintaining sustainability , reflecting these efforts in their cost of goods sold .
110 September 2024