From the course: Values and Ethics: Case Studies in Action
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Supplier interests vs. company interests
From the course: Values and Ethics: Case Studies in Action
Supplier interests vs. company interests
- Where do you draw the line between making money for your company and being fair to your suppliers that deserve to earn a fair profit as well? That's what we'll explore in this video, by looking at several potential conflicts. So, imagine a company that makes and sells car parts. Now, they obviously have to buy a lot of raw materials to make all of those parts, and the person in charge of buying all that stuff at the best price is a guy named Jerry. And Jerry's very good at his job. In fact, he's got a reputation in the industry for being able to get better prices than anyone else. So, at a recent industry conference he was having lunch with some of the other purchasing people and they asked him what his secret was. He said he actually has four. First, several of his suppliers will send free samples if you ask. But, they'll only send two or three. After that, you have to pay for them, and they keep a record of the…
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