Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
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Question
Chapter 15, Problem 12DQ
Summary Introduction
To discuss: The concept of ethics and describe the reason why ethics is viewed as most sensitive subject in purchase job.
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Discuss the concepts of ethics. Why is the purchasing profession particularly sensitive to this topic?
Understand why it is so important for purchasing to act in an ethical manner, and identify the risks ofunethical behavior
Discuss the concept of ethics. Why is the purchasing profession particularly sensitive to this topic? Why is it important for supply managers to understand legal issues? Is that not the lawyer’s job?
Chapter 15 Solutions
Purchasing and Supply Chain Management
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- What is the International Federation of Purchasing and Supply Management (IFPSM) code of conduct?arrow_forwardWhat are the differences between theoretical procurement knowledge in class and practical procurement knowledge in real life?arrow_forwardDiscuss the concept of ethics in the supply chain and explain the reason why industry is particularly sensitive to this topicarrow_forward
- Are you familiar with the primary objectives of any supply management function? Explain briefly?arrow_forwardWhat is PURCHASING in supply management? and examples of it.arrow_forwardWhat are the risks associated with backdoor (individualist) buying and selling?Why is Procurement department interested in controlling this business practice?arrow_forward
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