GOVERNANCE,LEADERSHIP AND ETHICS IN SUPPLY CHAIN

GOVERNANCE,LEADERSHIP AND ETHICS IN SUPPLY CHAIN -...

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:CONTEMPORARY ISSUES IN SUPPLY CHAIN MANAGEMENT
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Supply chain governance Supply chain governance is a system of directing the behavior and decisions of procurement within an organization Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation Includes the rules and procedures for making decisions in corporate affairs OBJECTIVES OF SUPPLY CHAIN GOVERNANCE AND LEADERSHIP 1.To streamline and manage supplier quality and supplier performance 2.To streamline internal operations of supply chain activities 3.To manage productivity 4.to ensure compliance to the laws and regulation 5.To enhance collaboration among parties of the supply chain management
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Supply Chain Governance BENEFITS OF GOOD GOVERNANCE AND LEADERSHIP Supply chain governance streamlines and manages supplier quality. It Manages supplier performance risk Streamlining internal operations Creates value and manages productivity Results in improvements in service level Ensures effective use of resources Brings new knowledge of doing business Reduces the cases of frauds
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Leadership The activity of influencing a group of people in an organization. Leadership involves; establishing a clear vision, sharing that vision with others so that they will follow willingly, providing the information, knowledge and methods to realize that vision and coordinating and balancing the conflicting interests of all members and stakeholders. APPROACHES TO LEADERSHIP Trait Approach : In this approach, certain individuals are born with specific personalities or common traits that enable leadership. Situational Approach : Here one assumes leadership based on specific organizational contexts or situations. Relational Approach : In this approach, leadership is a matter of building and maintaining a relations with the followers. Functional Approach Approach where a leader is someone who looks like, acts like and communicates like a leader. Transformational Approach : In this case, a leader utilizes communication in effort to increase followers morale, motivation and performance to accomplish organizational goals.
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Types of leadership styles 1.LAISSEZ-FAIRE Leader lacks direct supervision of employees and fails to provide regular feedback to those under his supervision 2.AUTOCRATIC Allows managers to make decisions alone without the input of others 3.PARTICIPATIVE Values the input of team members and peers but the final decision rests with participate leader.
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