5.6.4 Ethical considerations in supply chain management

• The supply chain encompasses all stages from sourcing raw materials to delivering the final product to the consumer
• What is one of the primary objectives of supply chain management?

  Reducing costs
• Improving efficiency in supply chains involves streamlining processes
• Enhancing customer satisfaction is a key objective of supply chain management.
• Match the concept with its definition:

  Supply Chain ↔️ All stages from raw materials to consumer delivery

  Supply Chain Management ↔️ Planning and coordination of supply chain stages
• Ethical considerations in business include environmental sustainability and fair labor practices.
• Key areas of ethical business considerations include environmental sustainability, fair labor practices, and ethical sourcing
• What is an example of environmental sustainability in ethical business practices?

  Using recycled materials
• What does ethical sourcing ensure in supply chains?

  Ethical standards compliance
• Ethical issues in supply chains undermine ethical business practices and require proactive measures.
• Match the ethical issue with its definition:

  Child Labor ↔️ Using children under legal working age

  Forced Labor ↔️ Exploiting workers against their will

  Unsafe Working Conditions ↔️ Hazardous environments lacking safety measures
• Which company faced ethical concerns for exploiting child labor in shoe factories?

  Nike
• Supplier audits in supply chains help identify and address unethical activities
• What is one example of a certification program for ethical supply chain management?

  Fair Trade
• Enhancing customer satisfaction is a primary objective of supply chain management.
• Match the ethical consideration with its definition:

  Environmental Sustainability ↔️ Protecting the environment by reducing waste

  Fair Labor Practices ↔️ Ensuring fair wages and safe conditions

  Ethical Sourcing ↔️ Purchasing goods from ethical suppliers
• Which company faced public protests for harsh working conditions in its factories?

  Apple
• Supplier audits in ethical supply chain management help identify and address unethical activities
• Ethical supply chain management builds trust among customers, employees, and investors.
• What is the difference between regulations and standards in ethical supply chain management?

  Mandatory vs voluntary