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Ethics in the Supply Chain

Oxford College of Procurement and Supply

As a procurement professional it is paramount that “we” are aware of the conduct of our suppliers within all tiers of our supply chain. It is not just the top tier or tier one suppliers that demand our focus but the whole chain. Do you have an ethical sourcing procurement policy? How much of your waste goes into landfill?

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The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

Many organizations have written policies and guidelines on Ethics, but is this situation an Ethical or Moral issue? In conducting research for this article, I found many definitions of ‘Ethics’. I asked a search engine ‘What is the difference between Morals and Ethics?’ Mind1(1) ‘Ethics deals with right or wrong conduct.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

The past few years have highlighted serious deficiencies in prevalent supply chain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supply chain disruptions. Assessing Risk across the Supply Chain.

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Unexpected Allies: Could International Investment Law Transform Human Rights in Supply Chains?

Kluwer Arbitration

Supply Chain Due Diligence (“SCDD”) laws, such as the German Lieferkettensorgfaltsgesetz , the recently approved EU Corporate Sustainability Due Diligence Directive , or the U.S. As an advocate for such laws, I recognise the urgent need to make supply chains fairer and more ethical.

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Sustainability in Procurement: Strategies and Challenges

ivalua

Originally published in the 2022 ProcureCon Report “Transforming Procurement: Embracing Digital Innovation and Driving Sustainability” Ethical business practices and sustainability initiatives are forcing organizations to not only stand up, but to also set themselves apart from the competition by implementing ESG and CSR commitments.

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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

This demonstrates that businesses increasingly recognize diversity as a global issue and these programs provide an “ethical” mechanism to connect with customers through community engagement. However, the ethical justification is no longer the totality of the value proposition as leaders now see the overall value for their business. .

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

It focuses on how public sector entities can enhance compliance and transparency. Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. What is Data Analytics in Procurement?