hero-img1

Managing Ethical Procurement and Supply [L5M5]©

In: CIPS
0 Comments

Module Purpose
On completion of this module, learners will be able to explain the impact of and initiatives to improve, sustainability and the managerial approaches to promote ethical practices in procurement and supply.

Module Aim
The global economy and the associated advantages of sourcing from a global base of suppliers requires organisations to be prepared to address the ethical challenges that such approaches may present to their procurement and supply activity. Similarly, the concept of sustainability and its impact on the supply chain should not be underestimated as organisations strive to be seen to play their part in the global agenda. This module is designed to give those who have managerial responsibility for the procurement and supply function an understanding of the impact of ethics and sustainability on the supply chain, and the opportunity to analyse initiatives to improve practice and ensure organisational compliance with international standards in respect of ethical and sustainable procurement and supply chain management.

CIOP

Certified Inventory Optimization Professional
CIOP is a global supply chain management and inventory management certification program exclusively developed for corporations to optimize the inventory in their supply chain. CIOP teaches the global best practices in 30 modules over 90 hours of live, faculty-led, online training. It is founded on Inventory Management Body of Knowledge (IMBoK) version 3.0. CIOP is a comprehensive program includes training, reference material, Learning Management and Assessment System (LMAS), examination and certificate.

The LMAS contains classroom presentations, classroom notes, video lessons, audio lessons, quizzes, reference materials, terminologies and articles recommended by faculty.

The CIOP Examination is 3 hours, online, proctored examination with 180 multiple-choice questions. The participant needs to secure 70% of the maximum score (360 marks) to pass in the examination.

You can learn more about the CIOP certification in the below links:
CIOP Website: https://pages.fhyzics.net/ciop 
Faculty Profile: https://pages.fhyzics.net/principal-consultant

Click here to request quote for the CIOP certification program.

CIOP Border

Fhyzics Business Consultants is an Approved Study Centre of Chartered Institute of Procurement and Supply (CIPS), UK and offering all the modules under Level-2, Level-3, Level-4, Level-5, and Level-6. During this current COVID-19 pandemic, the classes are offered in distance and self-study modes. For more questions related to our CIPS programs, please speak to our Manager-Certifications at +91-900-304-9000 or email at certifications@fhyzics.net.

Online, Instructor-Led Training Program on Managing Ethical Procurement and Supply [L5M5] Module of Advanced Diploma in Procurement and Supply, CIPS, UK

CIPS Online Courses

Mode of Delivery: Online
Mode of Teaching: Using the Presentation Deck from CIPS, UK
Duration: 3 Hours
Faculty: Venkadesh Narayanan, CIPS Recognized Instructor
Reference Material: L5M5 Study Guide
Level-5: Advance Diploma in Procurement and Supply

managing-ethical-procurement-and-supply

ebook-CIPS  Online Books

Managing Ethical Procurement and Supply- LEARNING OUTCOMES

1.0 Understand the impact of ethics and sustainability in supply chains
1.1 Analyse the implications of ethics and sustainability in supply chains
• Definitions of aspects of sustainability such as corporate social responsibility, responsible procurement and environmental purchasing
• The reasons for the focus on sustainability
• The risks and rewards of sustainability
• The development of sustainable procurement policies
• The implications of ethics for the supply chain
• Equality, modern slavery, bribery, corruption, fraud, human rights
• Breaches of codes, reputational and brand damage
1.2 Contrast the drivers of globalisation in supply chains
• Use of STEEPLED analysis to explain the drivers of globalisation
• Competitive advantage through global sourcing
• Globalisation and low cost country sourcing
1.3 Differentiate between the cultural and social issues in supply chains
• Language and cultural barriers
• Labour standards and forced working practices
• Wages and social security payments
• Inequalities of workers
• Health and safety standards
1.4 Contrast the potential conflicts that may arise between the needs of stakeholders in supply chains
• The profit motive and the search for low cost sourcing
• Demand management and the need for urgent orders
• Short term commercial gains versus long term availability of supplies

2.0 Understand the importance of compliance with standards to achieve ethical and sustainable supply chains
2.1 Contrast levels of complexity in supply chains and how they impact on compliance with standards for ethics and sustainability
• Mapping supply chains
• The use of sub-contractors by suppliers
• Portfolio analysis that measures sustainability risk and the importance to the organisation
• Portfolio analysis that measures sustainability risk and scope for improvement
2.2 Evaluate how contractual terms can support compliance with standards for sustainability in supply chains
• Monitoring performance
• Feedback from suppliers that help achieve compliance to standards for sustainability
• Subjecting sourcing strategies to independent review
• Accountability for achieving social, ethical and environmental standards
2.3 Evaluate the use of third party organisations to promote compliance with standards for sustainability in supply chains
• Sourcing third parties for auditing services
• Assessing the competences of third party organisations for the provision of audit services
• The difficulties with duplications of codes and audits
2.4 Critically assess how relationships with suppliers should deal with infringements of standards for sustainability
• Raising awareness of standards
• Involving workers in workplace matters
• Creating corrective action plans and supplier development programmes
• Escalating problems and exit arrangements

3.0 Understand initiatives and standards to improve ethical and sustainable practices in procurement and supply
3.1 Assess how the use of labour codes can help achieve ethical and sustainable supply chains
• Standards set by the United Nations (UN) and the International Labour Organisation (ILO)
• The role of the UN and ILO in pursuing improved sustainability
• Labour codes of conduct such as the Ethical Trading Initiative (ETI) and the Agricultural Ethical Trading Initiative (AETI), Social Accountability International’s standard SA8000
• Social Accountability International (SAI) and the standard SA8000
3.2 Analyse how the standards on environmental purchasing can help to achieve ethical and sustainable supply chains
• The role of the International Organisation for Standardisation (ISO) and the environmental standard ISO 14001
• The European Union’s Eco-Management and Audit Scheme (EMAS)
• Other standards for environmental purchasing produced by standards organisations
• Industry standards and standards set by organisations
3.3 Analyse how standards can achieve improved fair trade
• The World Fair Trade Organisation (WFTO) and its principles and charter of fair trade
• Fairtrade Labelling Organisations International (FLO) and global fair-trade organisations
• Fair trade standards that effect the workplace and producers
3.4 Examine approaches to achieve responsible procurement and help promote ethical and sustainable management Approaches such as:
• The implications of responsible procurement
• The responsible use of power in supply chains
• Managing conflicting priorities
• Reducing operational financial and reputational risks


Keywords: eprocurements, e procurement, procurement, purchase, purchase order, purchase order format, e procurement tenders, purchase meaning in hindi, e procurement tata steel, purchase meaning, ntpc eprocurement, defence eprocurement, e procurement tatasteel, central e procurement, po system, govtprocurement, iocl e procurement, cg e procurement, bpcl eprocurement, purchase requisition, procure to pay, ntpc e procurement, online tendering, procurement process, hire purchase meaning, purchasing management, procurement is, strategic sourcing, procurement management, eprocurement ntpc, eprocurement central, procure, purchase order sample, procure to pay process, mes e procurement, po format, e procurement system, procurement logistics, cpp eprocurement, sourcing ariba, impulse buying, procure to pay cycle, reverse tendering, purchase account, purchase procedure, hpcl eprocurement, e tenders central, purchase order template, purchase invoice, purchase order meaning, purchase meaning in tamil, ongc e procurement, purchase order format in word, purchasing executive, po sap, procurement prices, purchasing processes, public procurement, procurement cycle, purchasing cycle, sale purchase, material purchase, govt e procurement, purchase order process, sourcing and procurement, purchase meaning in bengali, purchase order table in sap, to create purchase order press, purchase requisition in sap, sbi procurement, government e procurement , purchase of stock in trade, bhel eprocurement, tata e procurement, procurement in business, hal e procurement, sale and purchase, sap purchase requisition table, government eprocurement system, purchase method, bel e procurement, eprocurement iocl, procurement softwares, procurement strategy, source to pay, types of procurement, blanket purchase order, outright purchase, purchase requisition meaning, sap purchase order, material procurement, impulsive buyer meaning, local purchase, purchase office, cpp e procurement, railway e procurement, procurement specialists, procurement portals, government procurement, purchase price, indirect procurement, blanket po, impulse purchase, it procurement, procurement planning, purchase order format doc, mes procurement, government e tenders, purchase order template excel, higher purchase, ariba procurement, purchase order template doc, purchase order example, purchase order procedure, procurement executive, sap procurement, purchase day book, procurement cost, purchase cost, procurement consulting, hire purchase finance, central public procurement, bhel e procurement, p2p cycle in sap mm, e procurement tata, procurement service, procurement and supply chain management, procurement procedure, project procurement management, bulk purchase, stock purchase, forward buying, centralized purchasing, oracle procurement, purchasing system, procurement and purchasing, hire purchase example, indian oil eprocurement, bhel tenders e procurement, e procurement nic, purchase request, point of sale display, procurement system, purchase price variance, po order, purchase order software, direct procurement, purchase to pay process, procurement contract, strategic sourcing process, strategic purchasing, supply chain procurement, procurement life cycle, purchase from, e tendering system, purchase on account, outright purchase meaning, credit purchase meaning, procure to pay process in sap, p2p process in accenture, purchase management ppt, procurement in supply chain management, tata steel procurement, procurement in tamil, raw material procurement, central government e procurement, midhani e procurement, hsl e procurement, defense eprocurement, purchase to pay, purchase contract, purchase discount, world bank procurement, coupa procurement, impulse shopping, asset purchase, direct purchase, types of sourcing, indirect purchasing, food procurement, procurement operations, source to pay process, create purchase order, centralised purchasing, direct and indirect procurement, procurement of funds, cpp procurement, ecil eprocurement, sap procurement process, procurement cycle in sap mm, procurement in hrm, oracle p2p cycle, vms procurement, eprocurement of mes, tata steel e procurement b2b, purchase audit, global procurement, purchase meaning in urdu, purchasing and supply chain management, project procurement, digital procurement, procurement company, procurement management system, procurement process cycle, purchase order management, e procurement process, p2p procurement, procurement sourcing, procure to pay cycle in sap with tcodes, vendor management in procurement, abc procurement bhel, spend analysis procurement, p2p accounts payable, tata procurement, eprocurement bel, dps eprocurement, purchase order number, to purchase, purchase order system, po template, po purchase order.

procurement certification, procurement training, cips certification, purchase certification,cips courses, procurement courses, cips training, purchase training, certified procurement professional,certified purchasing professional, procurement courses online, cips certificate, cips level 2,procurement training for beginners, procurement training 2019, procurement management courses, purchasing and supply management courses, public procurement training courses, procurement and contract management online courses, procurement learning, procurement training courses, procurement and logistics courses, purchasing and supply courses, procurement and supply chain management courses, procurement certification online, certified procurement manager, chartered institute of purchasing and supply courses, cpp certification purchasingcips certification cost, procurement courses online free, best procurement certification, public procurement courses, certified international procurement professional, public procurement certification, procurement certification training, procurement management training,cips courses online, purchasing manager certification, purchasing management courses,purchase course, procurement professional courses, cpm certified purchasing manager, certificate in procurement and supply operations, procurement negotiation training, top procurement certifications, procurement classes, cppm certification purchasing, certified public procurement officer, cips training courses

 

Written by Venkadesh Narayanan

Venkadesh is a Mechanical Engineer and an MBA with 30 years of experience in the domains of supply chain management, business analysis, new product development, business plan and standard operating procedures. He is currently working as Principal Consultant at Fhyzics Business Consultants. He is also serving as President, PDMA-India (an Indian affiliate of PDMA, USA) and Recognised Instructor of APICS, USA and CIPS, UK. He is a former member of Indian Civil Services (IRAS). Fhyzics offers consulting, certification, and executive development programs in the domains of supply chain management, business analysis and new product development.

Leave a Reply

    CIOP
    IMBoK - 2
    IISCM Channel
    IISCM Digest (1)
    LN Group
    CSCP-2

    Search form

      Categories

      See all

      Related Post

      Growth Is Just One Click Away

      Don't feel like calling? Just share some details about your SOP Requirements & Fhyzics representative will get in touch with you. Schedule A Meeting with our Manager [Consulting & Certifications]