M8.Study Guide-1 - SCM 300 MODULE 08 Study Packet Module 08...

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SCM 300 – MODULE 08 Study Packet Module 08: Socially Responsible Supply Chain Management Reading Assignment - e-Notes (Supply Chain Management Fundamentals: Module 8) Below is a list of the items most likely to be tested from the Module 8 eNotes: 3 Parts of Social Responsibility (SR) “Legal and Ethical Behavior – Acting within the law in all of the nations in which they conduct business. It might also include treating stakeholders well - employees, business partners, and customers. • Sustainability – Earth-friendly business practices. Having business practices, products, and services that do not harm the environment in the present nor in the future. • Commitment to the Community – Investing in the well-being of the communities in which the business operates as well as the greater world.” 4 Reasons to be Socially Responsible “Avoid government fines and regulation – Governments are moving toward making many forms of social responsibility the law. Some companies seek to change before change is imposed upon them. • Seek positive public image – Being seen as a socially progressive company may expand your market and dissuade regulation that might directly impact your organization. • Demonstrate to customers and employees the company’s goals and values – Customers and some of a company’s best employees may value social responsibility. They might prefer if the company had similar values. • Protect the company’s interests – Some would argue that being good has many long-term rewards, even in business.” 3 Links between SCM and SR “ Eliminate waste – Good supply chain and business sustainability both value efficiency. • Legal and Ethical Business Practices – Treating customers, employees, and supply chain partners well is vital to controlling costs, maximizing productivity, and increasing sales. • Improve quality of life – While supply chains are supposed to efficiently deliver valuable products and services to customers, we can also extend this point to say that the best supply chain practices in business, government, and military can be useful to organizations that seek to save lives.” Challenges of being SR Whats the right thing to do? Monitoring supply chain partners, and yourself Trackign Outcomes across the supply chain Examples of Ethical Issues in SCM Obey Lwas Choosing ethical business partners Do NOT bully supply chain partners or employees Conflicts of interest Protect environment, workers and consumers Breaches in intellectual property, consumer and employee personal data, and confidential information.

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