Explain the difference between bonded and forced labor.
Answer(s): A
Bonded labour and forced labour are among the five types of modern slavery which is against ethical and responsible sourcing.Bonded labour also known as debt bondage, this is an individual's promise to provide services through exploitation as repayment, or part of them, of a debt or other obligation whereas forced labour is work that people are forced to do with the heat of punishment if it is not carried out.
Why is it important to keep ethical codes of practice up to date?
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behaviorAn ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current Suppliers should continually monitor their codes of ethics to ensure that;1. They are looking after the interest of the supply chain2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO 14001.Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.Refer to the question column for response
What is the method of monitoring suppliers?
When a contract has been awarded, either is to meet tangible needs or intangible needs, contractors or suppliers should be managed to ensure that they are meeting up with fulfilling their contractual agreement. To establish this, there are methods of managing contracts and suppliers. Service level agreement (SLA) clauses: is placed in contract to ensures that supplier meets the expected and agreed level of serviceKey performance indicator (KPI): are used to manage contracts that fulfill tangible needs, the KPIs are set performance thresholds that are used to monitor supplier's performance. Management by objectives (MBO): is the process of defining objective that are strategic to the organization relating them to the vision and mission and communicating them to the supplier through the contract and ensuring that this objective is met during contract performance. Reviews: Regular supplier reviews are good practices, for it gives the buyer opportunity to give feedback on performance.Continuous Improvement: Contracts and suppliers can be monitored through how they are chang-ing for better incrementally as they are fulfilling the schedule. There must be a set down system to timely improve on the process, people and continuously reduce waste. Training: It is essential that training, are provided to come up on areas supplier is lacking.Refer to the question column for response
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behaviorAn ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current Suppliers should continually monitor their codes of ethics to ensure that;1. They are looking after the interest of the supply chain2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO 14001.Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.
Research the values and ethical code of practice of an organization with which you are familiar.
Fullpower projects is a training firm that trains on project management and procurement. It has the following values and ethical code of practice1) Accountability2) selflessness3) openness4) integrity5) objectives6) Honesty7) Leadership
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