34.12.1. Choosing Ethically Responsible Suppliers

Try these first

1. 1.

   What does ethical procurement consider beyond price?

   Hint

   Think about the multiple criteria mentioned in class.

2. 2.

   Name one certification that suppliers should have to show environmental compliance.

   Hint

   These are important regulations regarding materials and environmental standards.

3. 3.

   What is a key consideration in ethical procurement?

   • Price
   • Labor practices
   • Technical specifications

   Hint

   Remember the elements discussed regarding labor.

4. 4.

   True or False: Environmental compliance is optional in supplier selection.

   • True
   • False

   Hint

   Think back to how it was emphasized in our discussions.

5. 5.

   Evaluate a fictional supplier ABC Corp. They have low prices but are reported to use unethical labor practices. Discuss the potential risks of choosing them.

   Hint

   Consider how public perception can impact a business.

6. 6.

   A company has two potential suppliers: Supplier A is ethical but more expensive, while Supplier B is cheaper but has ethical concerns. Discuss how the company should decide.

   Hint

   What is more important for the company's reputation?