“ The program ensures that delivery of our product is with integrity to its customers . Furthermore , it facilitates collaboration both with the factories we use and other ESCP members , which benefits everyone . “ One measure of ESCP ’ s success is we are now seeing potential new supply partners stating that they have ESCP certification , or are willing to obtain it , as part of their pitch to work with us .”
A desire to do the right thing Visibility and ethical conduct are integral to procurement for several reasons . They ensure process transparency , fostering stakeholder trust and mitigating risks such as fraud and corruption .
Ethical conduct promotes fair competition among suppliers , enhancing cost efficiency and compliance with regulatory standards . By upholding ethical standards , organisations safeguard their reputation and build stronger , more sustainable supplier relationships , contributing to long-term success in procurement management . Carmel adds she sees the need for visibility and ethical conduct growing among its members . “ There is a genuine desire from companies to do the right thing and make improvements that will positively impact workers . “ That is driven by a societal shift that emphasising ethical and sustainable practices .
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