Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
12. Supplier management and unethical suppliers
At a general level, the development and implementation of a high quality supplier management program allows the company to create the benefits above stated. All of these perceived outcomes, such as increased trust, collaboration and communications, have the eventual outcome of improving the relationship between the company and its providers. At an ethical concerns level, this materializes in the following:
The firm is better able to identify and assess any ethical concerns
The firm is better able to convince the supplier to implement a more ethical approach of the business operations.
13. Conclusions and recommendations
The emergent challenges which impact the modern day economic agents force them to implement a highly ethical behavior and this expands to their relationship with the organizational purveyors. In this order of ideas, an ethical conduct is essential for operational efficiency, competitiveness and ultimate business success. In order to ensure a high ethical quality in the company-supplier relationship, the following...
owing recommendations should be noted:
The development and implementation of a tailored supplier relationship management program
The continuous communications with the suppliers
The clear establishment of the goals and performance measurements
The promotion of ethics on all stages of the organizational processes.
References:
Crystal, G., 2011, What is business ethics? Wise Geek, http://www.wisegeek.com/what-is-business-ethics.htm last accessed on February 21, 2011
Ferrell, O.C., Fraedrich, J., Ferrell, L., 2009, Business ethics: ethical decision making and cases, 7th edition, Cengage Learning
Rahim, M.A., 2010, Managing conflict in organizations, 4th edition, Transaction Publishers
2010, Supplier relationship management, the Office of Government Commerce, http://www.ogc.gov.uk/process_supplier_performance_and_contract_management.asp last accessed on February 21, 2011
The growing importance of Supplier Management, HR Team, http://www.hrteam.co.uk/infoandresourcecentre/nov03suppmgt.htm last accessed on February 21, 2011
Ethics in Purchasing/Procurement, Acquisitions (Contracting) Management This paper looks into the concepts of responsibility and accountability, and procurement beneficence, through a review of the challenges and principles, which are often faced in the procurement process, by purchasing managers, staffs and suppliers, in both private and public institutions. There are 2 basic definitions of ethics. The first is that ethics are moral principles that influence conduct, and the second is that ethics is
Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
Regardless of the actual operation being run at a time or the other, Riordan Manufacturing respects the regulations instated for all types of activities. We respect the right of our staff members; we respect the rights of the communities in which we operate and we function in full accordance with the national and international stipulations. We condemn any type of sexual or otherwise discrimination or any type of illegal treatment of
Accounting System Implemented at Chic Paints Limited Report submitted in order to fulfil the requirements of AAT Accounting Qualification Internal Controls and Fraud Accounting System Review Weaknesses in the Existing System and Recommendations Cost and Benefit Analysis Mapping of report to outcomes and criteria The purpose of this report is to present the findings of the evaluation of existing accounting system implemented at Chic Paints Limited. Chic Paints Limited hired me as an Accounting Technician of
Enron Corporation was the American company that specialized in supplying of energy. Prior to its collapse in 2001, Enron was one of the most admired companies in the United States recording superior profits year by year, however, in 2001, series of the Enron questionable financial transactions were finally made opened when the company's stock price collapsed within one day. This study investigates several factors that led to the fall of Enron
Ethics training for employees programs have to be carefully planned taking into consideration and setting standards for ethical behavior in the company and what the training is supposed to accomplish. Companies have to make ethical training mandatory for all employees setting a good example that no one is above the law. The ethics training should help the employees become familiar with the company's code of ethics, know more about decision