How Can Leaders Ensure Ethical Purchase Decisions?
Ethical considerations are vital to maintaining the integrity and reputation of the business. Leaders can ensure ethical purchase decisions by:
Establishing and adhering to a clear code of ethics for procurement. Ensuring transparency and fairness in the bidding and selection process. Avoiding conflicts of interest and ensuring that decisions are made in the best interest of the company. Considering the environmental and social impact of purchase decisions and opting for sustainable and responsible suppliers.