Socially Responsible Supply Chain Management: An Essence of Value Creation

Abstract

Strategic supply chains are becoming integral part of a firms competitive strength. It not only gives financial advantages, but also well-managed and extremely synchronized supply chain offers certain social obligation. Many businesses are now moving into course of unfolding codes of conduct as one of the ways of overseeing number of suppliers behavior inside the supply chain network. This research paper addresses the issues related with the degree to which customers must be accountable for moral behavior of their partners, like suppliers in buying process. Corporate social responsibility is a very important issue for any firm but it is very depressing that extremely minute material is on hand on this issue. This paper conceptualizes structure for recognizing the responsibilities of the more commanding supply chain member to the other members of the supply chain. It mainly focuses on the degree to which one supply chain member should apply ascendancy as it relates to social responsibility on the members of complete supply chain.

Keywords: Corporate Social Responsibility, Partners in Buying Process, Supply Chain, Ethical Behaviour, Ascendancy

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