Kyomuhangi Patience

MAKERERE UNIVERSITY
BUSINESS SCHOOL
DIPLOMA IN PROCUREMENT AND LOGISTICS MANAGEMENT
COURSE UNIT: STORES AND INVENTORY MANAGEMENT
YEAR TWO SEMESTER
REG NO:
NAME REGISTRATION NO SIGNATURE

KYOMUHANGI PATIENCE B/19/U/D14385/PS
a) Explain the meaning of green inventory management?
Definition
Green inventory Management; One of important keys for achieving efficient and sustainable
supply chains, since its ensures in
The term Green inventory Management refers to the concept of integrating sustainable
environmental processes into the traditional supply chain. This can include processes such as
product design, material sourcing and selection, manufacturing and production, operation and
end-of-life management.
b) Explain any 8 practices of green inventory management?

1 Internal Environmental Management, is centered on the premise that environmental
development is a strategic organizational imperative, and middle and senior level managers are
responsible to implement environmentally friendly practices .
2 Green Purchasing , refers to a set of procurement policies that encompass environmental
concerns related to raw materials (extraction and acquisition), supplier selection, distribution,
packaging, recycling, reuse, resource reduction, management systems and final destination of
products and this helps to manage waste and hazardous materials.
3 Cooperation with Customers, this promotes reflection on products and processes through
customer participation, which provides collaborative perceptions and suggestions
4 Eco design, this can be used as a method to create projects that encompass environmental
variables as basic parameters in product development. It aims to develop an understanding of
how design decisions affect a product in relation to its environmental compatibility and such
practices are basically focused on green design and product lifecycle
5 Investment recovery , looks at reviewing the life cycle of a product through practices that lead
to recovery and product disposal, and sale of surplus equipment and there are three different
recovery policies: product remanufacturing, reuse of components and raw material recovery
,which help in pollution mitigation and hence contributing to environmental and economic
performance
.6. Environmental Innovation, this refers to transforming ideas into innovations with the goal of
reducing the impacts of the operation requires environmental technologies on greening strategies
through interaction with operational and production processes to ensure ensure efficiency.
7 Environmental Performance, Measuring environmental impacts means monitoring operational
actions to create indicators that can establish continuous improvement factors for environmental
and economic performance. As a result, besides eco-efficiency, the company improves its
reputation in the eyes of the customer
8 Green Marketing , practices can be associated with two lines of action that is to say Planning
and execution of the marketing mix to facilitate consumption, production, distribution and
promotion to meet the needs of customers regarding environmental issues. the execution is
related to end marketing actions as a means to ensure the participation of employees in the
production of environmental innovations, training and development geared towards
environmental issues .
c) Explain any 8 Importance of green inventory management

1. Reduced environmental impact
since this impacts come with cost for maintenance cost ,reducing them would lead to increase in
organizations savings .
2. Improve continuity of supply.
Having multiple suppliers in different parts of the world can help improve the continuity of your
products or services, preventing costly downtime.
3. Protecting against reputational damage, good green inventory
3 Protecting against reputational damage, ensure your strategy for sustainability enhances the
lives of every worker throughout the chain. This includes ensuring fair working conditions, pay
and minimizing environmental impact. Never subject workers to unnecessary risk.
4 Potential for new partnerships
. A business with a suitable green inventor management is also an attractive prospect for other
companies looking to partner with it. Your environmental credentials will likely align with the
values of another brand. In turn, this opens up potential partnership opportunities..
5. Win more business, sustainable green inventory management can land you more business as
you prove your green credentials, With an accreditation to support your environmental efforts,
you are showing potential clients that you’re taking essential strides to reduce your impact on the
world.
6 Shipping optimization, shipping optimization is a priority for supply chain leaders. Identifying
the most efficient shipping methods for small parcels, large bulk orders and other shipping
scenarios helps companies get orders to customers faster while minimizing costs. Not only do
those cost savings boost the company’s bottom line, but savings can be passed on to consumers
as well to improve customer satisfaction.
7 Improved cash flow , green inventory manage men helps companies to make smarter decisions,
choose the right partners, accurately predict and respond to market and demand changes and
reduce supply chain disruptions hence increasing the companies cash flows
d) Explain any four barriers of green inventory management?

1. High cost
Investment cost is high to implement green practices like Eco design. green manufacturing etc.
2. Lack of understanding to incorporate green buying
The organization is deficient in getting the concept of green buying due to lack of understanding
3. Cost reduction at the cost of environment
Industries have pressure of lowering the prices at the cost of environment for their survival
4. Lack of management commitment
Lack of management commitment is major hurdle in implementing the green inventory

management

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MAKERERE UNIVERSITY

NAME REGISTRATION NO SIGNATURE

b) Explain any 8 practices of green inventory management?

c) Explain any 8 Importance of green inventory management

d) Explain any four barriers of green inventory management?

2. Lack of understanding to incorporate green buying

3. Cost reduction at the cost of environment

4. Lack of management commitment

Lack of management commitment is major hurdle in implementing the green inventory

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