Social responsibility in supply chain management goes beyond legal requirements, considering environmental, social, and economic impacts voluntarily. It mitigates risks, enhances brand reputation, satisfies stakeholders, and provides a competitive advantage. Key areas include , , , and ethical business practices.
focuses on , safe , and preventing exploitation. It involves careful supplier selection, balancing cost savings with ethical considerations, and addressing local vs. . and transparency measures ensure and drive continuous improvement in ethical practices throughout the supply chain.
Social Responsibility in Supply Chain Management
Significance of social responsibility
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Social responsibility in supply chain management transcends legal requirements considering environmental, social, and economic impacts voluntarily
Risk mitigation through proactive measures safeguards against reputational damage and legal issues