799-301 Chapter 04

799-301 Chapter 04 - 799:301 Chapter 4 ETHICAL AND...

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799:301’ Chapter’4’ ETHICAL’AND’SUSTAINABLE’ SOURCING’
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Strategic’Sourcing Managing’the’Firm s’ External Resources in’ways’that’ Support the Long-Term Goals ’’ of’the’Firm When You Hear STRATEGIC – Think Long Term GOALS
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Purchasing’Departments Impact’ Proftability’ Cost’Control’ ReputaOon’ Efficiency’Impact’ Quality’ Reliability’ Flexibility’(QR’–’Quick’Response)’ Lead’Time’ TransportaOon’
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IMPACT’AREAS IN’ETHICAL’and’SUSTAINABLE SOURCING Reduce’ Cost’ Delivery’Cycle’Time’ Carbon’Footprint’ Improve’ Quality’ Customer’Service’ Ethical’Reputa±on’ LONG’TERM’Improvement’ Compe±±veness’ Market’Share’ Long’Term’Financial’Performance’ Flexibility’(QR’–’Quick’Response)’
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ETHICAL’and’STRATEGIC’ SOURCING DEFINED Business’Ethics ’ - ’ Applying’Ethical’Principles’to’Business’ Situa±ons TWO’TYPES’OF’ETHICS’ U±litarianism ’ ’ Greatest’Good’for’Greatest’Number’ Rights’and’Du±es’ ’ ’ Ac±ons’are’right’in’themselves,’because’of’the’rights’of’others’ ’ DUTY’to’RESPECT’
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ETHICAL’SOURCING ’ Diversity’ ’ Helping’Small’Business’Grow’ ’ Minority’Owned’Business’ ’ Women’Owned’Business’ ETHICAL SOURCING – Takes into account the public consequences of organizational buying and/or Brings about social change through organizational buying behavior. No Child Labor No Sweat Shops Environmental Protection Certifications Acceptable Work Conditions What Else???????????????????????????
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ETHICAL’SOURCING’POLICIES Knowledge’of’where’and’how’Goods’are’produced’ Knowing’Suppliers’promote’basic’workplace’principles’ Use’of’Ethical’Ra±ngs’for’Suppliers’ Independent’veriFca±on’of’vendor’compliance’ Repor±ng’Supplier’Compliance’to’Shareholders’ Providing’DETAILED’Ethical’Sourcing’Expecta±ons’to’Vendors and’Poten±al’Suppliers’
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799-301 Chapter 04 - 799:301 Chapter 4 ETHICAL AND...

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