Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sharon Gillespie, a new buyer at Visions, Inc., was reviewing quotations for a tooling con. tract submitted by four suppliers. She was evaluating the quotes

Sharon Gillespie, a new buyer at Visions, Inc., was reviewing quotations for a tooling con. tract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels. and delivery lead time promises. As she was working., her manager. Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the inter. csted suppliers were and if she had made a decision. Sharon indicated that one supplier. Apex, appeared to fit exactly the requirements Visions had specified in the proposal Dave told her to keep up the good work.

Later that day Dave again visited Sharon's office. He stated that he had done some research on the suppliers and felt that another supplier. Micron. appeared to have the best track record with Visionex. He pointed out that Sharon's first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract.

The next day Sharon was having lunch with another buyer. Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the bat choice. When Mark asked Sharon who Dave preferred, she answered, 'Micron.' At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied. 'Look I know you're new but you should know this. I heard last week that Dave's brother-in-Law is s new part owner of Micron. I was wondering how soon it would be before he tuned steering business to that company. He is not the straightest character Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Dave's previous preferred suppliers

ASSIGNMENT

1. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?

2. Ethical decisions that affect a buyer's ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Ana-lyze this scenario using these four variables.

3. What should Sharon do in this situation?

Step by Step Solution

3.38 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

1 The code of ethics for management on conflict of interest emphasizes the following points among ot... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: LibbyShort

7th Edition

78111021, 978-0078111020

More Books

Students also viewed these General Management questions

Question

What is the cerebrum?

Answered: 1 week ago