Ethics - Supply Chain Strategies
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What are the ethics implications of competing supply chain strategies?
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1. What are the ethics implications of competing supply chain strategies?
Increasingly, supply chain strategy is concerned with selecting strategic partners and managing long-term mutually dependent relationships. Thus, the ethics of competing supply chain strategies has to do with what is 'good practice' in supply chain strategy and management of relationships (supplies).
For example, most companies, such as the aerospace industry (and the increasing 'internationalisation of markets'), work to improve the delegate's appreciation of 'input (or upstream) market management' in relation to 'output (or downstream) market competitiveness'. The cost of goods and services 'acquired' by a firm, from its external suppliers, can exceed 70% of the firm's total income from sales. It is not inconceivable that a 5% reduction in a firm's expenditure on 'external purchases' can result in a profit increase that would otherwise require a 20% increase in sales. However, and particularly significant in the aerospace industry, a firm's overall competitiveness may depend, almost entirely, on its successful acquisition, ...
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