What Are The Principles And Standards Of Ethical Supply Management Conduct?

A set of 10 ethical principles and standards exists within the supply management field to guide individual and group decisions and actions.

What are the principles on which the supply management ethics are based?

Uphold fiduciary and other responsibilities using reasonable care and granted authority to deliver value to your employer . Promote positive supplier and customer relationships. Champion social responsibility and sustainability practices in supply management. Protect confidential and proprietary information.

How many principles are listed in the principles and Standards of ethical supply management Conduct?

A set of 10 ethical principles and standards exists within the supply management field to guide individual and group decisions and actions.

What are ethical standards of conduct?

This means principles of fairness, good faith and respect consistent with laws, regulations and University policies govern our conduct with others both inside and outside the community. Each situation needs to be examined in accordance with the Standards of Ethical Conduct.

What are the principles and or guidelines of ethical supply chain?

• Ensure environmental stewardship. ...
• Generate jobs. ...
• Provide fair and on-time payments. ...
• Build supplier capacity. ...
• Sustain long-term partnerships. ...
• Ensure fair labor conditions. ...
• Promote cooperatives. ...
• Facilitate community development.

What are the ethics in procurement?

• loyalty and respect for rules and regulations.
• integrity.
• impartiality and fairness.
• transparency.
• confidentiality.
• avoidance of appearance of impropriety.
• due diligence.

What does the supply chain management code of ethics say about accepting supplier favors and gifts?

Avoid soliciting or accepting money , loans, credits or preferential discounts and the acceptance of gifts, entertainment, favors or services from present or potential suppliers that might influence, or appear to influence, supply management decisions.

What is it called when an organization builds ethical safeguards into its daily routines?

Building ethical safeguards into a company’s everyday routines is called: C) Institutionalizing ethics .

How can perceived impropriety be prevented?

1. Maintain business professionalism in all communications.
2. Work to identify situations which, even through unanticipated circumstances, may negatively impact business relationships.
3. Discuss an actual or potential impropriety with management.

When the benefits of an action outweigh its costs?

When the benefits of an action outweigh its costs, the action is considered ethically preferred according to: Utilitarian reasoning. Utilitarian reasoning primarily considers: The end results of an action.

What are the 7 ethical principles?

This approach – focusing on the application of seven mid-level principles to cases ( non-maleficence, beneficence, health maximisation, efficiency, respect for autonomy, justice, proportionality ) – is presented in this paper.

What are the 8 ethical principles?

This analysis focuses on whether and how the statements in these eight codes specify core moral norms (Autonomy, Beneficence, Non-Maleficence, and Justice) , core behavioral norms (Veracity, Privacy, Confidentiality, and Fidelity), and other norms that are empirically derived from the code statements.

What are the 5 codes of conduct?

• Integrity.
• Objectivity.
• Professional competence.
• Confidentiality.
• Professional behavior.

Why is ethics important in supply chain?

To decrease the risks associated with suppliers , examine the culture, ethics and compliance practices adopted by the candidates. This helps companies make informed decisions to select suppliers that “fit” with their existing culture and practices. A company’s code of conduct should apply to the entire supply chain.

What are ethics in supply chain?

An ethical supply chain focuses on the need for corporate social responsibility , working to produce products and services in a way that treats its workers and the environment ethically.

What are the ethical issues in supply chain?

• Freedom of employment and association.
• The eradication of child labour.
• Safe and hygienic working conditions.
• Appropriate pay and working hours.
• Humane and non-discriminatory treatment.
• Anti-bribery and corruption.
• Environmental awareness.