Supply Chain Management Services

Core Trading Company Inc.

Core Trading Company Inc. (CTC) is a supply chain management consulting company specializing in the medical field. CTC can enable organizations to gain and solidify access to key markets, and create brand differentiation.

CTC can assist you in the following ways:

  • Vendor Environmental/Sustainability Audits

  • Life Cycle Assessment

  • Green’ Logistics Strategy

  • Contract Sales & Sales Training

  • Green Supply Chain Program & Policy Development

  • Sustainable Sourcing Program Opportunities Assessment

  • Sustainable Procurement Strategie

  • Doing Business with Federal, State, & Local Governments

Other Services Include:

  • Pharmaceutical Procument (Human & Veterinary)

  • Medical & Laboratory Supplies

  • Computer & IT Services

  • Navigation Equipment (Wearables, Automotive, Marine & Avaiation)

Supply Chain Management Services

 

In today’s economy, there is increasing emphasis on supply chain management as being vital to a long-term successful business strategy. In the emerging “Green Economy”, sustainable sourcing, environmentally responsible logistics, and ‘Green’ Supply Chain Management (GSCM) is gaining traction as an essential business management tool. GSCM integrates an environmental lens into core operational management from material sourcing through product design, manufacturing, distribution, delivery, and end-of-life management.

Traditionally, organizations that implement sustainability-focused initiatives have focused solely on cost avoidance by assuring compliance, minimizing risk, maintaining health, and protecting the environment within their own four walls. Studies have proven time and again that implementing sustainable sourcing initiatives along a company’s entire supply chain can:

  • Raise productivity and contain costs

  • Reduce product environmental footprint

  • Enhance customer and supplier relations

  • Support innovation

  • Enable prosperous growth

What is supply chain management 

Supply chain management

 

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed). As a solution for successful supply chain management, sophisticated software systems with Web interfaces are competing with Web-based application service providers (ASP) who promise to provide part or all of the SCM service for companies who rent their service.

Supply chain management flows can be divided into three main flows:

  • The product flow

  • The information flow

  • The finances flow


The product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs. The information flow involves transmitting orders and updating the status of delivery. The financial flow consists of credit terms, payment schedules, and consignment and title ownership arrangements.

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Green supply chain management

 

Green supply chain management (GSCM) is described as integrating environment thinking into supply chain management, including product design, material sourcing and selection, manufacturing processes, delivery of the final product to the consumers, and end-of-life management of the product after its useful life. 

Benefits of GSCM 
Some studies mentioned benefits of adopting GSCM, such as (Stevels, 2002).  He demonstrated the benefits of GSCM to different roles of supply chain including environment and society in terms of different categories: material, immaterial, and emotion.   For material, GSCM helps lower environmental load for environment, lower cost prices for supplier, lower cost for producer, lower cost of ownership for customer, and less consumption of resources for society.  In terms of immaterial, GSCM helps overcoming prejudice and cynicism for environment, less rejects for supplier, easier to manufacture for producer, convenience and fun for customer, and better compliance for society.  For emotion, GSCM helps motivation of stakeholder for environment, better image for supplier and producer, feel good and quality of life for customer, and make industry on the right track for society.  He also provided examples of companys that were successfully adopted GSCM. 

Stevels, A. (2002). Green Supply Chain Management Much More Than Questionnaires and ISO 14.001. IEEE, 96-100.

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Products & Vendors

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