factors to consider when choosing suppliers

Question 1

what do ethical/socially responsible suppliers do?

Answer 1

• provide good working conditions for employees
• pay fair wages
• sustainable resources/production processes
• high quality materials

Question 2

how does Lush meet ethical supplier standards?

Answer 2

• Uses only vegan/vegetarian recipes
• “fighting animal testing”
• no plastic

- employee benefit trust
(shares go to employees, business profit = employee profit)

Question 3

BENEFITS of socially responsible suppliers (4):

Answer 3

• improves reputation
• competitive advantage
• more investors
• retain & attract high quality employees

Question 4

LIMITATIONS of socially responsible suppliers (5):

Answer 4

• increased cost of production = higher priced products = less customers
• time taken to investigate suppliers = less productive

Question 5

factors to consider when choosing suppliers:

Answer 5

• quality
• cost
• reliability
• location
• ethical supply

=RECQL