LG Supply Chain & Sustainability Essay

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On one of its website, LG has a process map showing its certification process. The mapping starts with a request for examination for the certification process. The plan to examine the technology performance is assessed, the plant and the relevant vendors are looked at, and then the certification is approved or denied based on the empirical results (LG Sustainability, 2012). LG also has a blog that contains a set of frequently asked questions that educates blog readers on the different technologies in the television market, which ones are better and why, and how TV buyers can be energy efficient yet entertained at the same time (LG UK Blog, 2012).

LG has also implemented solutions at its factories and offices so that the manufacturing process can be accomplished both with an attention to quality but also a commitment to sustainability and efficient operations, even if the latter is not always the cheapest solution (LG Vietnam, 2012). LG has also openly shared that they are going to invest almost $7 billion on the use of solar power, EV batteries, LED's and water treatment technology both in its products and for the processes and infrastructure that goes into making these products (Redell, 2011). LG has also made light of its "Eco-Design" product features prevalent in many of their products including their televisions (LG Global, 2012).

External Supply Chain

LG vendors should be held to a higher standard if they wish to continue work with LG. Perhaps there are situations where LG cannot or should not be picky, but when multiple vendors are available for a manufacturing item, LG should hold the vendor to certain supply chain and sustainability standards or they should be discarded in favor of someone else. Engaging in business with a company with an non-established or shoddy environmental record is not acceptable as it will tarnish the sustainability reputation of LG. Examples of this in motion are efficient supply chain pathways for raw materials, use of fuel efficient vehicles or aircraft, use of recycled materials to be used in the manufacturing of new televisions and so forth.

Conclusion

At the end of the day, LG's main focus has to be, and should be, on gaining and maintaining a profit. If it cannot do that, it will not continue to survive. However, LG has the means and the motivation to be a good partner to the Earth and to its client base and this means that they must be as environmentally friendly as possible. The process of improving sustainability and effective global supply chain practices is an ever-evolving process and the changes simply cannot ever stop. LG must continue to sunset the use of products and fuels that are exhaustible in nature and must instead focus on the use of technologies and products that can be easily reproduced and recreated in pertpetuity so that the planet's vital resources are conserved and used in an efficient manner.

As noted throughout this report, the focus cannot only be on the actual TV sets themselves but also anything and everything involved in LG's daily operations ranging from the air conditioners at the offices, how their employees get to work and the conditions they endure, and the supplies and materials spent for activities related both to manufacturing and other activities.

References

Anderson, a. (n.d.). Supply chain efficiencies save LG millions | Official CIPS Magazine -- "

Supply Management. Purchasing and supply news, law, analysis and resources

Official CIPS Magazine -- " Supply Management. Retrieved August 31, 2012,

from http://www.supplymanagement.com/analysis/features/2009/supply-chain-efficiencies-save-lg-millions/

Avenell, P. (n.d.). LG signs on with DHL for TV recycling, plus updated scorecard - Current: Electrical, Electronics and Appliance Industry News and Issues. Current: Electrical, Electronics and Appliance Industry News and Issues. Retrieved August 31, 2012, from http://www.current.com.au/2012/07/02/article/LG-signs-on-with-DHL-for-TV-recycling-plus-updated-scorecard/BVCACYPJYP.html

...

(n.d.). LG Earns First CarbonFree Certification for TVs, Fridges | GreenBiz.com. Green Business News, Resources, and Sustainability Career Tools | GreenBiz.com. Retrieved August 31, 2012, from http://www.greenbiz.com/news/2011/07/29/lg-earns-first-carbonfree-certification-tvs-fridges
Charles, G. (2012). LG Q2 Profit $138M, but sales fall 11% on mobile weakness. CNET.com. 1 (3), 20-22.

Dirjish, M. (2010). Will the 2010 LED Shortage Lead to Feast or Famine. Electronic Design. 58 (5), 1.

Environment. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/global/sustainability/environment

Flat TV battle: Why Samsung, LG are dominating Sony, Panasonic - NDTVProfit.com. (n.d.). Business Finance, Stock Market, Quotes, News, Sensex, Nifty - NDTV Profit. Retrieved August 31, 2012, from http://profit.ndtv.com/news/corporates/article-flat-tv-battle-why-samsung-lg-are-dominating-sony-panasonic-302744

Frequently Asked Questions | LG Blog. (n.d.). Welcome to the Official UK LG Blog. Retrieved August 31, 2012, from http://www.lgblog.co.uk/frequently-asked-questions/

Gray, P. (n.d.). The Final Act: Philips Exits TV | DisplaySearch Blog. DisplaySearch Blog | the Official Blog of DisplaySearch, an NPD Group Company. Retrieved August 31, 2012, from http://www.displaysearchblog.com/2011/04/the-final-act-philips-exits-tv/

Greenbiz Staff. (n.d.). TV Recycling Picks Up Speed with LG, Waste Management Partnership | GreenBiz.com. Green Business News, Resources, and Sustainability Career Tools | GreenBiz.com. Retrieved August 31, 2012, from http://www.greenbiz.com/news/2009/11/11/tv-recycling-picks-speed-lg-waste-management-partnership

Nic, F. (2012). Screen Goes Blank for One of the Great Names in Japanese TV. The Times (UK). 32 (33), 1.

Kim, R.. (2012). South Korea's LG Eyes OLED Television Global Market Leadership. International Business Times News. 16 (1), 12.

LCD TV Association Announces Four New Sustaining Members. (n.d.). ATmega32 AVR - Projects Tutorials Codes - Microcontroller. Retrieved August 31, 2012, from http://atmega32-avr.com/lcd-tv-association-announces-four-new-sustaining-members/

LG ELECTRONICS SEES SAVINGS of USD 400 MILLION THROUGH SCM INNOVATION. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/global/press-release/article/lg-electronics-sees-savings-of-usd-400-million-through-scm-innovation.jsp

LG Eco Supply Chain | LG Electronics Ireland. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/ie/about-lg/corporate-information/greener-products/eco-supply-chain.jsp

LG Product Recycling | LG Electronics Ireland. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/ie/about-lg/corporate-information/greener-products/product-recycling.jsp

Redell, C. (n.d.). LG to Invest $6.7B in Solar, EV batteries, LEDs and Water Treatment | GreenBiz.com. Green Business News, Resources, and Sustainability Career Tools | GreenBiz.com. Retrieved August 31, 2012, from http://www.greenbiz.com/news/2011/09/26/lg-invest-67b-solar-ev-batteries-leds-and-water-treatment

Supply Chain Green Management. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/global/sustainability/environment/supply-chain-green-management

Vir. (n.d.). LG brings valuable insights on sustainable building practices -- " TalkVietnam. Welcome to Vietnam -- " Everything About Vietnam. Retrieved August 31, 2012, from http://talkvietnam.com/2012/08/lg-brings-valuable-insights-on-sustainable-building-practices/#.UEFUn5ZSQrU

Yoo-Chul, K. (2012). LG to Sell 50,000 OLED TV's in 2012. Korea Times. 12 (1), 21.

Sources Used in Documents:

References

Anderson, a. (n.d.). Supply chain efficiencies save LG millions | Official CIPS Magazine -- "

Supply Management. Purchasing and supply news, law, analysis and resources

Official CIPS Magazine -- " Supply Management. Retrieved August 31, 2012,

from http://www.supplymanagement.com/analysis/features/2009/supply-chain-efficiencies-save-lg-millions/
Avenell, P. (n.d.). LG signs on with DHL for TV recycling, plus updated scorecard - Current: Electrical, Electronics and Appliance Industry News and Issues. Current: Electrical, Electronics and Appliance Industry News and Issues. Retrieved August 31, 2012, from http://www.current.com.au/2012/07/02/article/LG-signs-on-with-DHL-for-TV-recycling-plus-updated-scorecard/BVCACYPJYP.html
Bardeline, J. (n.d.). LG Earns First CarbonFree Certification for TVs, Fridges | GreenBiz.com. Green Business News, Resources, and Sustainability Career Tools | GreenBiz.com. Retrieved August 31, 2012, from http://www.greenbiz.com/news/2011/07/29/lg-earns-first-carbonfree-certification-tvs-fridges
Environment. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/global/sustainability/environment
Flat TV battle: Why Samsung, LG are dominating Sony, Panasonic - NDTVProfit.com. (n.d.). Business Finance, Stock Market, Quotes, News, Sensex, Nifty - NDTV Profit. Retrieved August 31, 2012, from http://profit.ndtv.com/news/corporates/article-flat-tv-battle-why-samsung-lg-are-dominating-sony-panasonic-302744
Frequently Asked Questions | LG Blog. (n.d.). Welcome to the Official UK LG Blog. Retrieved August 31, 2012, from http://www.lgblog.co.uk/frequently-asked-questions/
Gray, P. (n.d.). The Final Act: Philips Exits TV | DisplaySearch Blog. DisplaySearch Blog | the Official Blog of DisplaySearch, an NPD Group Company. Retrieved August 31, 2012, from http://www.displaysearchblog.com/2011/04/the-final-act-philips-exits-tv/
Greenbiz Staff. (n.d.). TV Recycling Picks Up Speed with LG, Waste Management Partnership | GreenBiz.com. Green Business News, Resources, and Sustainability Career Tools | GreenBiz.com. Retrieved August 31, 2012, from http://www.greenbiz.com/news/2009/11/11/tv-recycling-picks-speed-lg-waste-management-partnership
LCD TV Association Announces Four New Sustaining Members. (n.d.). ATmega32 AVR - Projects Tutorials Codes - Microcontroller. Retrieved August 31, 2012, from http://atmega32-avr.com/lcd-tv-association-announces-four-new-sustaining-members/
LG ELECTRONICS SEES SAVINGS of USD 400 MILLION THROUGH SCM INNOVATION. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/global/press-release/article/lg-electronics-sees-savings-of-usd-400-million-through-scm-innovation.jsp
LG Eco Supply Chain | LG Electronics Ireland. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/ie/about-lg/corporate-information/greener-products/eco-supply-chain.jsp
LG Product Recycling | LG Electronics Ireland. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/ie/about-lg/corporate-information/greener-products/product-recycling.jsp
Redell, C. (n.d.). LG to Invest $6.7B in Solar, EV batteries, LEDs and Water Treatment | GreenBiz.com. Green Business News, Resources, and Sustainability Career Tools | GreenBiz.com. Retrieved August 31, 2012, from http://www.greenbiz.com/news/2011/09/26/lg-invest-67b-solar-ev-batteries-leds-and-water-treatment
Supply Chain Green Management. (n.d.). LG Electronics: Consumer Electronics & Appliances from LG | LG USA. Retrieved August 31, 2012, from http://www.lg.com/global/sustainability/environment/supply-chain-green-management
Vir. (n.d.). LG brings valuable insights on sustainable building practices -- " TalkVietnam. Welcome to Vietnam -- " Everything About Vietnam. Retrieved August 31, 2012, from http://talkvietnam.com/2012/08/lg-brings-valuable-insights-on-sustainable-building-practices/#.UEFUn5ZSQrU


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