Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
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Describe 3 different components of sustainability.
Expert Solution
Step 1
Sustainability is basically the ability to exists in consistency over the period of time.
It refers to earth's biosphere/atmosphere and human civilization to co-exist with each other in harmony.
In the current situation of 21st Century - recycle, preservation and sustainability are some of the major issues human being in general is faced with.
There are 3 different components of sustainability. They are as below.
1) Economic viability
2) Environmental Protection
3) Social equity.
This also popularly known as 3Ps of sustainability.
** Profit
** Planet
** People
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