45 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD WHY IT MATTERS TO US As a retailer and wholesaler of golf products and services, our supply chain is crucial to efficiently serving our stakeholders. Poor supply chain management can lead to wastage, inadequate fulfilment and adverse social and environmental impacts. Sustainable supply chain practices enable us to enhance business continuity, reputation, ESG performance and access to new products and markets. It also benefits our employees through clearer guidelines and streamlined processes, as well as our customers through more extensive product choices. Recognising the economic value and environmental impact of our supply chain, we aim to build relationships with responsible partners and create a more conscious network. KEY STRATEGIES We are adopting three key strategies to enhance the sustainability of our supply chain operations. 1 Smart Procurement & Inventory Management 2 Resilient Logistics 3 Greenify Supply Chain We aim to implement better procurement and inventory practices to reduce waste, increase economic benefits and widen product options. We strive to improve our warehouse work environment and logistics efficiency through lean management and continuous improvement to enhance stakeholder satisfaction. We endeavour to champion sustainability with suppliers, practise responsible sourcing and support local vendors whenever feasible to reduce supply chain emissions. The Group is focused on coordinating, managing and optimising its supply chain to ensure all goods are procured, managed and delivered in a socially and environmentally responsible manner. Link to UN SDGs SUPPLY CHAIN MANAGEMENT
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