Ethics And Supply Chain Case Study - 1647 Words

Ethics and supply chain By VARUN PRAKASH @03021576 Abstract Supply chain is a major part of a business. It is a huge network which involves suppliers, customers, retailers, distributors and transporters. Supply chain is all about getting right goods at right place at a right price and at a right time .Time plays a very important role in any business .Time is money .Suppliers and customers are the two major participant’s .Demand and supply plays a very important role for a company’s profitability. Every company looks for profitability .In order to gain a competitive advantage over another company costs must be lowered throughout the chain by driving out unnecessary expenses and they also should take†¦show more content†¦The customers and the suppliers are classified on different tiers. Here the importance level differs .They are ranked depending on their performance or the product they supply. As we all know supply chain is all about distributing a product or service ‘‘from the supplier’s supplier to t he customer’s customer.’’ This can be done efficiently if the firms focuses on working with their immediate suppliers and customers to satisfy the end customers. In order to get a proper idea about the end customers demand detailed market research and analysis has to be carried out .This can be made easy by sharing information among the channel partners .The issue of unethical and illegal activities in the business environment is one that no business can afford to take lightly .An unethical behavior can cost a company a lot .It will have a bad influence on the growth of the company .Intense competition ,corruption high taxes have made most of the companies susceptible to unethical behavior . The companies following unethical behavior may not last long. Ethics involve environmental safety, labor rights, working with honesty and integrity etc. Ethics to be followed The organization has to ensure the safety, health and well-being of their workers, no matter where their workers are employed. The employees must not use their positions for personal