Question

what is meant by a triple bottom line strategy given example of how and in which 0SCM activity and operations manager would adopt in this strategy

Answer 1

Triple bottom line strategies state that companies need to give equal importance to people and the environment that are to be effected by a project as much as they do for the profits they get with that project . This strategy helps in analysing the level of corporate social responsibility in a company and maintain it. People, environment and profits are the three bottom lines that are to be given importance while taking decisions. In operations supply chain management , managers often use this strategy when the situation is such that an activity might give the company incredible profits but at the same time would have some effects on the surroundings which needs to be considered before proceeding with the project because any problem to the environment would mean the company neglected social responsibility and hence this strategy is very helpful for managers in some supply chain related decisions. For example waste management in a supply chain requires dumping of wastes such that they would not disturb the activitie of the organization and at the same time does not pollute the environment. In another example , a new project requires machinery which would make the environment polluted. For this the managers decide to plant more trees to balance the environment and hence no one could be effected by the activity .