Ethical issues in inventory management

Ethical issues in inventory management

when we talk about ethical violations we immediately think operational management, or some sort of scandal on Wall Street, and we are rarely aware that frequently happens more in the bottom half of the workforce of the glass tower. Ethics violations committed in inventory management by:

1.Knowingly giving inaccurate information to customers or potential customers on pricing of storage space or other services, and inventory status.

2.Favoring one seller on the other when buying goods or services have a friend who works preferential to the seller or to achieve the possible financial gains.

3.Cover follow-up of damaged products out on shipping.

4.Manipulating inventory numbers and the levels when the client calls into question his inventory levels or when inquiring about inventory management situations.

5.Work slowdown to earn overtime.

6.Giving preferential treatment to some of the staff to achieve the possible gains in the future and friendship.

These are just a few examples and I'm quite sure that if observed closely in your organization, you can find much more than that. Why are these ethics violations occur? One of the reasons is the lack of a code of conduct. A code of conduct is a specific set of professional behaviors and values ​​that employees must know and must be adhered to, including confidentiality, accuracy, privacy and integration. Large organizations have a code of conduct, but occur violations of standards enforceable or management feels the violation is not worth their time.

medium to small enterprises lack a code of ethics program because they either do not know how to develop one, it does not matter to them or they are very expensive in terms of financial resources and manpower.

Enron and Goldman Sachs are good examples of why it's important to have the company's ethics code. In the business world, and the bottom line is to make money and there is nothing wrong with that, but when you consume your organization and you are taking a stand to make it at any cost, and then when the problem comes to view and people will do what they can be it moral or immoral to make money.

code of ethics and to keep people within certain limits of what is acceptable in the organization in terms of behavior and business practices. The reality of the business world is that the rule of profit and as long as the shareholders are happy, and there is full employment in the companies it seems that no one cares and ethics take a back seat to everything else.

with a lot of talk now days about ethics in business and the state of the financial affairs of the ethics of the world is more important today than ever before. Journalist and ardent keeping an eye out for the next business scandal, will each stone to expose and reveal the one, after all what sells news. Travel and work in Asia have found Asian culture is less sensitive for business does not mean they do not care just does not consume her every waking moment and they are not quick to judge such as Western nations.

works with the principles and noble morality is no less profitable than work in a way unethical. Claire, Ferrell and Fraedrich, in their book Integrity Management (1998), described the five known successful companies that have invested and make a profit organizational resources and operate in an ethical manner the three listed below may recognize.

1. Hershey Foods
2. Home Depot
3. Waste Management

ancient myth and says, "It's not personal it's just the work of" hollow then as it is now. Business is personal, especially when you take the time to build a business relationship with dealers and customers to the point where trust you, they will act in a manner that is ethical certainly destroy any confidence they have in your product or services and make it almost impossible to recover.

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