ISM-Madison, Inc.

This webinar delves into the critical realm of ethical sourcing, exploring best practices and highlighting the pitfalls of overlooking ethical considerations in procurement. We'll examine the psychological drivers behind procurement misconduct, drawing insights from Maslow's Hierarchy of Needs to understand how greed, power dynamics, and social influences can lead to unethical behavior. Through real-world cases, we'll illustrate the devastating consequences of corruption and fraud, emphasizing the importance of proactive measures to safeguard organizational integrity.

Audience Takeaways:

• Understand the psychological factors that contribute to procurement fraud and corruption.
• Learn how to identify and mitigate ethical risks in your procurement processes.
• Develop strategies to foster a culture of integrity and ethical decision-making.
• Discover best practices for ethical sourcing including supplier selection.

The ISM®?Report On Business® – Manufacturing (PMI®) and Services (PMI®) – are two of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. The reports are issued by the ISM Manufacturing and Services business survey panel.

The ISM® Report On Business® continues to be consistent and accurate in indicating the direction of the overall economy, in addition to the manufacturing and services sectors. The reports are available on the first and third business day of each month. ISM's Hospital (PMI®) will be available on the fifth business day of each month.

Join the executive leaders from ISM and Resilinc as they come together as part of a quarterly series to discuss the latest and emerging risks and disruptions impacting global supply chains. ISM CEO Tom Derry and Resilinc CEO Bindiya Vakil will also provide insights based on respective data and research from both organizations.