In fact, Ethical Issues In Inventory Management

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When speak of ethics violations we immediately think about executive management, orwesome sort of Wall Street scandal, and rarely do we realize that it happens more frequently from the bottom half of the workforce than the glass tower. Ethics violations in inventory management are committed by:

1.Knowingly inaccurate giving information to clients or prospective clients concerning pricing of storage space or other services, and the from another perspective status of their inventory.

2.Favoring one vendor over another when purchasing goods or services because you have a friend that works for the preferential vendor.or because of possible financial gain

3.Cover-up of damaged products going out on a shipment.

It’s worth noting that management.Manipulating inventory figures and levels when the user questions his inventory levels or when 4 inquires about inventory statuses.

5.Work slowdown to gain overtime.

6.Giving preferential treatment to certain employees for possible gains in as a matter of fact the ahead and friendship.

Large organizations have a code of ethicstimebut violations occur because the standards are not enforced or management feels the violation is not worth their , . These are just a few and I’m quite sure that if you observed closely in your organization youexamplescan uncover many more. Code of ethics are a specific set of skilled behaviors and values employees must know and must abide by, including confidentiality, accuracy, privacy, integrity. One of is a lack reason a code of ethics. Why do these in modern times ethicsviolations occur?

In fact, Medium to small organizations lack a code of ethics program because they either don’t know how to develop one, it not vital to them or it’s too costly in modern times in terms of finances and manpower.

Enron and Goldman Sachs are good examples of why it s essential of have a enterprise code’of ethics. In the business world the bottom line is to make funds and there is nothing wrong with that but, when it consumes your organization from another perspective and you take an attitude of making.it at any cost, then that’s when the problem comes to display and people will do whatever they can be it ethical or unethical to make funds

A code of ethicspeoplewill keep within certain limits of what is acceptable in the organization in terms of behavior and business practices. Actually, Reality in the business one is that profits rule and as long as the shareholders are happy, and there is full employment in companies no world seems to care and ethics take a return seat to everything else.

With so much talk now days about morality in business and the state of the financial affairs of the world ethics is even more key today than before. In fact, Journalist are keeping an ardent eye out for the proceed business scandal and will every stone to expose one, after alluncoverit sells update. Traveling and working in Asia I have found as a matter of fact the Asian culture less sensitive to the actions of business not that they don’t care it just doesn’t consume their every waking moment and they aren’t quick to judge like the Western Nations.

In fact as a matter of fact , Operating with honest principles and ethics is no less profitable than operating in an unethical manner. LeClair, Ferrell and Fraedrich, in their book Integrity Management (1998), describe five well-known successful companies that have invested organizational resources and are making profits and operating in an ethical manner three listed below you may recognize;

In fact, 1. Hershey Foods
Interestingly, 2. Home Depot
In fact, 3. Waste Management

The former myth and saying “it’s not personal it’s just business” is as hollow then as it is asap. Actually, Business is personal especially when you take the time toservicesbuild a business relationship with vendors and clients to the point where they trust you, and acting in an unethical manner will certainly destroy any confidence they had in your product or and make it nearly impossible to regain.

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