Why is society concerned about ethics within SCM?

Why is society concerned about ethics within SCM?

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CD5590 Professional Ethics in Science and Engineering Presentation: Ethics in Supply Chain Management (SCM) Abedullah Zaman Professional Ethics in Supply Chain Management Supply Chain Management Definition: The network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale, delivery and production of a particular product. In the simplest terms, Supply Chain Management (SCM) lets an organization get the right goods and services to the place they’re needed at the right time, in the proper quantity and at an acceptable cost. Efficiently managing this process involves overseeing relationships with suppliers and customers, controlling inventory, forecasting demand and getting constant feedback on what’s happening at every link in the chain. Professional Ethics in Supply Chain Management Roots of Ethics Professional ethics is about managing relations which is a crucial part in SCM. Successful companies use supply chains not only to reduce cost and complement the product but also to nurture long-term valuedadded relationships. Professional Ethics in Supply Chain Management Why society is concerned about ethics within SCM? Environmental Effects Treatment plants for water, treatment of solid waste, gases Health and Safety In Food Industry- uses of pesticides, hormone-treatment of animals Consumer Rights Legislations about right to safety, right to choose, right to be heard. Professional Ethics in Supply Chain Management Ethical Model/Process Economic responsibilities: Supply Products and Services. Legal Responsibilities: Ethical Responsibilities: Obey Laws. Conduct business in a way that is morally consistent with the beliefs of society Professional Ethics in Supply Chain Management Reasons for Increasing Concern about Ethics in Supply Chains The pressure is coming from various sources. A wide range of stakeholders are interested in the social, ethical and environmental…; CD5590 Professional Ethics in Science and Engineering Presentation: Ethics in Supply Chain Management (SCM) Abedullah Zaman Professional Ethics in Supply Chain Management Supply Chain Management Definition: The network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale, delivery and production of a particular product. In the simplest terms, Supply Chain Management (SCM) lets an organization get the right goods and services to the place they’re needed at the right time, in the proper quantity and at an acceptable cost. Efficiently managing this process involves overseeing relationships with suppliers and customers, controlling inventory, forecasting demand and getting constant feedback on what’s happening at every link in the chain. Professional Ethics in Supply Chain Management Roots of Ethics Professional ethics is about managing relations which is a crucial part in SCM. Successful companies use supply chains not only to reduce cost and complement the product but also to nurture long-term valuedadded relationships. Professional Ethics in Supply Chain Management Why society is concerned about ethics within SCM? Environmental Effects Treatment plants for water, treatment of solid waste, gases Health and Safety In Food Industry- uses of pesticides, hormone-treatment of animals Consumer Rights Legislations about right to safety, right to choose, right to be heard. Professional Ethics in Supply Chain Management Ethical Model/Process Economic responsibilities: Supply Products and Services. Legal Responsibilities: Ethical Responsibilities: Obey Laws. Conduct business in a way that is morally consistent with the beliefs of society Professional Ethics in Supply Chain Management Reasons for Increasing Concern about Ethics in Supply Chains The pressure is coming from various sources. A wide range of stakeholders are interested in the social, ethical and environmental…

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