Here at The Refinishing Touch, we firmly believe that sustainability matters when it comes to the expenditure bottom line in businesses’ supply chains. When we came across a recent study that identified business management practices and effective cost saving approaches, we couldn’t help but share the findings with our readers.
The innovative study, conducted by Forbes, ASQ, Deloitte and The Institute for Supply Management, followed a product through the entirety of its lifecycle and looked at the actions that most efficiently increased supply chain sustainability. The research team pinpointed key business management practices that foster sustainability and cost savings, which included:
– Creating a corporate culture that embraces sustainability
– Participating in and discuss sustainability initiatives with supply chain members
– Rewarding suppliers for sharing expertise about sustainability, even utilizing monetary rewards
– Awarding suppliers future business opportunities for their commitment to sustainability
– Highlighting sustainability efforts to attract and retain employees who value renewable business practices
– Hosting sustainable education events
At The Refinishing Touch, we do our part in fostering an eco-friendly environment by distributing our Sustainability Awards, which we offer quarterly to honor companies in the hospitality industry that have demonstrated a commitment to sustainable business practices. We hope our awards will not only provide motivation for the companies to continue green practices throughout future renovations, but also encourage competitors to join in the sustainability trend.
Our own commitment to sustainability is also demonstrated through offering renewable furniture asset management services, including refinishing, reupholstering and remanufacturing to clientele in the higher education, hospitality and government sectors.
To view the most recent batch of Sustainability Award winners, please click here. For more information on how The Refinishing Touch’s furniture asset management services can be a part of your business practices, visit our website at www.therefinishingtouch.com.