Companies often project their corporate values on their suppliers through a supplier code of conduct or similarly named requirements. Writing these requirements can be arduous and require the input of multiple stakeholders. Thinking about the role of the supplier from your textbook and your selected company's supplier code of conduct, respond to the following:
If you were asked to create a supplier code of conduct for your selected company, discuss how you would assemble a team or committee to write it. How would the committee work?
The company chosen is Netflix
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If I were asked to create a supplier code of conduct for Netflix, I would assemble a team or committee that comprises diverse stakeholders from various departments within the company. I would aim to create a cross-functional team that can provide a comprehensive understanding of the company's requirements and values and ensure representation from key departments such as procurement, legal, sustainability, human resources, and corporate social responsibility.
Here is how the committee would work:
1. Define the Objectives: The first step would be to clearly define the objectives and scope of the supplier code of conduct. This would involve identifying the values, principles, and specific areas of focus that are crucial to Netflix. The team would brainstorm and discuss what aspects should be covered in the code of conduct based on Netflix's priorities and concerns.
2. Conduct a Gap Analysis: The committee would conduct a gap analysis by evaluating the existing supplier practices and code of conduct guidelines, both within Netflix and in the industry. This analysis would help identify areas where improvements or additional requirements are needed.
3. Research and Benchmarking: The team would then research best practices and standards related to supplier codes of conduct. This would involve looking into industry standards, relevant regulations, and codes of conduct from similar companies. Benchmarking against these external frameworks would help ensure that Netflix's supplier code of conduct aligns with industry best practices.
4. Drafting the Code of Conduct: Based on the objectives, gap analysis, and research, the committee members would collaborate to draft the supplier code of conduct. Each member can be assigned specific sections to focus on, leveraging their expertise and input to ensure comprehensive coverage. Regular team meetings and discussions should be held to review and refine the code of conduct.
5. Solicit Feedback: It is essential to gather feedback and perspectives from various stakeholders, both internal and external to Netflix. This could include suppliers, customers, NGOs, and other relevant stakeholders. Feedback can be obtained through surveys, focus groups, or individual meetings. Reviewing feedback will enable the committee to incorporate different viewpoints and ensure that the code of conduct considers a diverse range of perspectives.
6. Finalizing and Implementation: After incorporating feedback and making necessary revisions, the committee would finalize the code of conduct. It should then be presented to senior management for approval and support. Once approved, the code of conduct can be disseminated to existing and potential suppliers, and the committee should establish a plan for monitoring compliance and providing necessary support to suppliers to meet the requirements.
By assembling a diverse and knowledgeable committee, involving stakeholders from various departments, and following an inclusive and iterative process, the resulting supplier code of conduct would be comprehensive, practical, and reflective of Netflix's values and requirements.
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