What tangible benefit results from enhanced supplier oversight driven by ethical practices?
Answer
Reduced operational and reputational risk.
Strong ethical practices lead to tangible benefits, notably the reduction of both operational and reputational risk in the interconnected global market.
Related Questions
Where have ethical considerations moved within the landscape of corporate responsibility?Where is a significant portion of job growth concentrated within the green economy sectors mentioned?What characteristic is now expected regarding a company's supply chain practices?What tangible benefit results from enhanced supplier oversight driven by ethical practices?What do consumers and Generation Z primarily demand regarding a product's origin story?What approach does modern procurement strategy emphasize besides achieving the lowest unit cost?Which of the following represents one of the three primary career avenues opening up in the evolving ethical sourcing market?What duality must a successful ethical sourcing professional navigate when communicating results?What is paramount for professionals focusing on the Data & Traceability career avenue?What must be paired with technical skills like auditing and supply chain mapping for career success in this field?