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Ethics and Supply Management

1. Distinguish between ethical and legal principles and practices and define your concept of ethical behavior as it relates to the purchasing and supply management function.

2. Discuss the concepts associated with managing relationships with potential or existing suppliers and the value of sound contract management (contract administration) and the legal/moral implications of not doing so.

Solution Summary

This paper states some ethical and legal practices associated with supply management along with the concepts associated with managing supplier relationships with sound contract management principles.