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We're here to help you find itManaging Ethical Procurement and Supply (L5M5) is a comprehensive course designed for senior buyers, contract and supply chain managers. Spanning 160 hours, this course equips participants with a deep understanding of the Impact of ethics and sustainability in supply chains. Key topics include Corporate social responsibility, Responsible procurement, and Environmental purchasing. Learners will analyze the Drivers of globalisation, cultural and social issues, and potential stakeholder conflicts. The course emphasizes compliance with standards, using Contractual terms and Third-party audits to ensure ethical practices. Participants will explore Labour codes, Environmental standards, and Fair trade principles to foster Responsible procurement. Pre-requisite: CIPS Level 4 Diploma in Procurement and Supply.
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♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
Minimum Required Prerequisites for Managing Ethical Procurement and Supply (L5M5) Course:
This course equips senior buyers, contract, and supply chain managers with the knowledge to improve procurement processes, reduce costs, manage supply chains, and handle legal issues efficiently.
Introduction: The Managing Ethical Procurement and Supply (L5M5) course equips senior buyers, contract, and supply chain managers with advanced knowledge to enhance ethical and sustainable procurement practices, ensuring compliance, reducing costs, and improving overall supply chain effectiveness.
Learning Objectives and Outcomes:
Understand the impact of ethics and sustainability in supply chains:
Contrast the drivers of globalization in supply chains:
Differentiate between cultural and social issues in supply chains:
Contrast potential conflicts between stakeholder needs in supply chains:
Contractual terms refer to the legally binding agreements and conditions specified in a contract between two or more parties. These terms outline the rights, responsibilities, and obligations of each party involved in a business deal or relationship. Understanding contractual terms is crucial for ensuring that all parties adhere to the agreed-upon conditions, such as payment terms, delivery of goods or services, confidentiality clauses, and consequences of breach of contract. Well-defined contractual terms help prevent misunderstandings and legal disputes, ensuring smooth business transactions and relationships.
Corporate social responsibility (CSR) refers to a company's commitment to manage the social, environmental, and economic effects of its operations responsibly and in alignment with public expectations. By practicing CSR, a company embraces responsibility for its actions and encourages a positive impact through its activities on the environment, consumers, employees, communities, stakeholders, and all other members of the public sphere. Implementing CSR can also boost a company’s competitive edge by enhancing its brand image and strengthening its business with sustainable and ethical strategies.
Environmental purchasing involves choosing products and services that have a reduced impact on the environment. This can include selecting items with less packaging, goods made from recycled materials, or services that reduce energy consumption. The aim is to support sustainability by influencing the market through responsible buying decisions. This practice not only helps in conserving natural resources but also promotes eco-friendly innovation in the supply chains, aligning closely with goals in procurement training programs focused on sustainability and ethical sourcing.
Ethics and sustainability in supply chains refer to responsible management practices that prioritize ethical treatment and environmental considerations along the supply chain. This involves sourcing materials and labor in a manner that is environmentally sustainable and ethically sound, ensuring fair treatment of workers and minimal ecological impact. Adopting these principles ultimately contributes to a more sustainable business model and can strengthen brand reputation, consumer confidence, and compliance with global regulations. Managers typically integrate these practices through comprehensive Procurement Supply Training and strategic policy implementation, aimed at fostering transparency, fairness, and environmental stewardship in the procurement process.
Drivers of globalization refer to factors that contribute to the growing interdependence and connectivity of businesses and economies worldwide. Key drivers include advancements in technology which allow for faster communication and transportation, economic policies that promote trade liberalization, and market expansions that encourage companies to operate internationally. Other factors are cultural exchanges and shifts in consumer behavior that drive demand for diverse products and services across borders, and improvements in infrastructure that facilitate cross-border logistics and operations. Together, these elements enable a more interconnected global economy, fostering growth and development globally.
Third-party audits refer to evaluations conducted by an independent entity to assess various aspects of a company's operations. They are not affiliated with the company being audited, which maintains objectivity and transparency. These audits are essential for verifying compliance with legal, financial, and operational standards. They provide an outside perspective on the effectiveness of internal controls, ensuring that the company operates efficiently and within regulatory frameworks. Third-party audits are crucial for trust and credibility in business practices, particularly in areas like contract compliance and security measures.
Labour codes are a set of regulations governing the legal rights and obligations of employees and employers within the workplace. These laws cover a wide range of topics including minimum wage, working hours, health and safety regulations, and workers' compensation. The purpose of labour codes is to ensure fair treatment of workers, protect their rights, and create a structured framework for employers to manage their responsibilities. They play a crucial role in maintaining healthy employer-employee relationships and implementing workplace justice and equity.
Environmental standards are guidelines and regulations designed to maintain or improve the quality of the natural environment. These standards protect air, water, and soil from pollutants by setting limits on hazardous substances and managing human activities that affect the environment. They also ensure that companies and governments adhere to practices that are sustainable and minimize ecological damage, thus promoting a healthy ecosystem and public health. Compliance with environmental standards can also support procurement and supply chains in being more sustainable and socially responsible, aligning with broader global sustainability goals.
Responsible procurement involves sourcing products and services in a way that respects social, economic, and environmental standards throughout the supply chain. It requires careful assessment of suppliers and the impact of purchasing decisions. Responsible procurement ensures ethical sourcing and sustainable practices are prioritized, contributing to a better world. Companies engage in training programs, such as Procurement Training Online, to educate their staff on responsible strategies and compliance, enhancing their overall procurement process while supporting broader corporate responsibility goals.
Fair trade principles are guidelines designed to support better trading conditions and promote sustainable practices. These principles ensure that producers, such as farmers and artisans in developing countries, receive fair payment for their goods. Fair trade also emphasizes transparency, respect, and better environmental practices in the production process. By adhering to these principles, businesses and consumers contribute to the improvement of social, economic, and environmental conditions for producers, creating more equitable global trade relationships.
This course equips senior buyers, contract, and supply chain managers with the knowledge to improve procurement processes, reduce costs, manage supply chains, and handle legal issues efficiently.
Introduction: The Managing Ethical Procurement and Supply (L5M5) course equips senior buyers, contract, and supply chain managers with advanced knowledge to enhance ethical and sustainable procurement practices, ensuring compliance, reducing costs, and improving overall supply chain effectiveness.
Learning Objectives and Outcomes:
Understand the impact of ethics and sustainability in supply chains:
Contrast the drivers of globalization in supply chains:
Differentiate between cultural and social issues in supply chains:
Contrast potential conflicts between stakeholder needs in supply chains:
