Both the buyer and the firm he/she represents are judged by the manner in which

Question

Both the buyer and the firm he/she represents are judged by the manner in which they conduct business. In this global market, it is more important than ever for the supply manager to recognize his responsibilities to the supplier, his organization, and to himself. By conducting his/her business in a manner that defies any question of unethical intentions, the supply manager is fulfilling his contractual obligations to all stakeholders. Vignette: A Question of Ethics? 1. How would you respond to Stacy’s questions?

Explanation / Answer

Global sourcing has become a necessity in the current competitive markets where there is a constant need for cost saving. A sourcing manager has a variety of options to choose from depending on his spending budget and hence the decisions taken need to be done with extreme care. Ethical sourcing refers to making sure that the labour standards are met across all links of the supply chain. This includes paying a decent wage, ensuring safe working condition, no use of child labor and no discrimination at place of work. Ethical sourcing is also an effecitive risk mitigator and can be used for brand protection as well. As a supply chain manager, the following should be kept in mind to ensure that his / her responsibilities as a sourcing manager are fulfilled

It is thus crucial to note that the manner in which the supply manager carries out his activities strongly reflect on the company's policies. He thus a responsibility towards the organization and the supplier community in general to implement ethical sourcing standards and prevent wrong doings in the form of forced labour, kick backs. child labour, cruelty towards animals for raw materials and discrimination

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