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Supply Chain and Logistics Management Essay Example

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Supply Chain and Logistics Management

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The principal objective of the study is to develop a biofuel chain based management with the use of renewable fuel i. Apart from this, the study describes about risk management strategy for a biofuel fired Combined Heat and Power (CHP) system. The system has been installed at University of Greenwich Medway campus. In this context, the study focuses on several efficiencies or strategies that are to undertaken by the university to produce required biofuel for meeting the energy requirement and minimise emission of carbon.Following the increase in oil price in the global market, the cost of fuel price has also increased. In addition, due to high consumption of fuel, environmental problem has also been increasing in a rapid manner. Due to the increasing level of environmental pollution, ecological balance has been disturbed accordingly. In this regard, several business sectors have decided to contribute towards sustainable development. In order to contribute towards sustainable development, several industries have implemented sustainable or green supply chain management in the logistic department. Apart from this, people are also becoming more concerned regarding environment protection. In order to protect environment and maintain ecological balance, people are identified to be using bio gas or bio energy as fuel.It has been observed that University of Greenwich has developed a project that has been focusing on providing biofuel through sustainable supply chain management. In this manner, University of Greenwich is planning to provide CHP energy to retrofitting scheme. The enhancement of renewable energy resources is considered to be one of the most innovative inventions in enhancing the fragile global energy system with its limited fossil fuel resources. Apart from this, the implementation of renewable energy emerged as a promising policy of reducing environmental impacts to a large extent by minimising carbon emission. As per the current scenario, renewable energy resources are playing a pivotal role in global environmental strategy. This strategy will be helpful in reducing greenhouse gas emission. Biofuel generated through glycerol is an effective mechanism of partially replacing the use of fossil fuels in an immense manner.In the present day context, people are identified to prefer the use of biofuel or renewable fuel for

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