ITPEC FE Morning April 2020 Question 65
ITPEC FE Morning April 2020 — Question 65 of 80
CSR Procurement — purchasing that considers social responsibility, not just cost.
CSR (Corporate Social Responsibility) procurement means setting procurement standards that account for environmental protection, human rights, labor conditions, and ethical practices, and requiring suppliers to comply with these standards.
Why not others:
- (a) Simply choosing the lowest price is cost-minimization procurement, with no CSR aspect
- (b) Having multiple suppliers to prepare for disasters is a supply chain risk management / BCP (Business Continuity Planning) strategy
- (d) Using EDI (Electronic Data Interchange) for purchasing is about automation and efficiency, unrelated to social responsibility
Key rule: CSR procurement = choosing suppliers based on ethical, environmental, and human rights criteria, not just price.
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