Global Standard for Procurement and Supply

Current segment

Level: Professional

Theme: External Environment

Segment 2.6 Managing the Challenges of Global Supply Chains

Segment 2.6 Managing the Challenges of Global Supply Chains

Knowledge: Will know and understand Capabilities: Will be able to

The application of STEEPLED analysis in globalised supply chains

Evaluate the impact of STEEPLED factors on globalised supply chains and formulate recommendations to ensure the organisation's strategy develops opportunities that result from changes in STEEPLED factors

Standards that apply to ethical/responsible sourcing and human rights abuse including labour codes that impact on the globalisation of supply chains such as;

  • the United Nations (UN) Trafficking Protocol
  • the International Labour Organisation (ILO)
  • the Ethical Trading Initiative (ETI)
  • Social Accountability International Standard SA8000

Monitor compliance with ethical practices and standards that apply to global supply chains taking appropriate actions in the event of detecting any breaches by colleagues or other stakeholders

Licensing of imports and exports

Monitor and ensure compliance with the licensing of imports and exports that affect the organisation

Controls through tariffs and duties on imports and exports

Provide advice to colleagues and other stakeholders on the impact of tariffs and duties on imports and exports arranging appropriate actions when necessary

The methods for managing the volatility of commodities and currencies in supply chains such as;

  • hedging
  • spot
  • forward
  • derivative
  • other instruments

Evaluate and implement the use of appropriate instruments to manage the volatility of commodities and currencies in supply chains

The main regulations that impact on the employment of people in global supply chains such as:

  • discrimination, equality and diversity
  • employee redundancy and dismissal
  • working time and staff payment
  • international labour codes
  • health and safety at the workplace
  • minimum/fair wages
  • modern slavery
  • other country specific employment issues

Evaluate the impact of the main regulations that impact on the employment of people in global supply chainsĀ 

Knowledge: Will know and understand

The application of STEEPLED analysis in globalised supply chains

Capabilities: Will be able to

Evaluate the impact of STEEPLED factors on globalised supply chains and formulate recommendations to ensure the organisation's strategy develops opportunities that result from changes in STEEPLED factors

Knowledge: Will know and understand

Standards that apply to ethical/responsible sourcing and human rights abuse including labour codes that impact on the globalisation of supply chains such as;

  • the United Nations (UN) Trafficking Protocol
  • the International Labour Organisation (ILO)
  • the Ethical Trading Initiative (ETI)
  • Social Accountability International Standard SA8000
Capabilities: Will be able to

Monitor compliance with ethical practices and standards that apply to global supply chains taking appropriate actions in the event of detecting any breaches by colleagues or other stakeholders

Knowledge: Will know and understand

Licensing of imports and exports

Capabilities: Will be able to

Monitor and ensure compliance with the licensing of imports and exports that affect the organisation

Knowledge: Will know and understand

Controls through tariffs and duties on imports and exports

Capabilities: Will be able to

Provide advice to colleagues and other stakeholders on the impact of tariffs and duties on imports and exports arranging appropriate actions when necessary

Knowledge: Will know and understand

The methods for managing the volatility of commodities and currencies in supply chains such as;

  • hedging
  • spot
  • forward
  • derivative
  • other instruments
Capabilities: Will be able to

Evaluate and implement the use of appropriate instruments to manage the volatility of commodities and currencies in supply chains

Knowledge: Will know and understand

The main regulations that impact on the employment of people in global supply chains such as:

  • discrimination, equality and diversity
  • employee redundancy and dismissal
  • working time and staff payment
  • international labour codes
  • health and safety at the workplace
  • minimum/fair wages
  • modern slavery
  • other country specific employment issues
Capabilities: Will be able to

Evaluate the impact of the main regulations that impact on the employment of people in global supply chainsĀ 

This segment was last updated on: 3rd April 2017

The Global Standard for Procurement and Supply structure

Released in 2014 the Standard is a competency framework of procurement and supply skills, knowledge and capabilities that can be used by individuals and organisations to identity training and professional development needs at varying levels of competency.

The Global Standard for Procurement and Supply structure
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