Supply Chain Ethics

noun GRC stands for Governance, Risk, and Compliance. It is a term used in business to refer to the processes and tools used by organizations to manage and mitigate risks, ensure compliance with regulations, and maintain effective governance.

adjective In some cases, GRC can be used as an adjective to describe something related to governance, risk, or compliance.

• The GRC is responsible for overseeing compliance within the organization.
• I heard the GRC team is cracking down on policy violations.
• The GRC folks are really strict about following the rules.
• The GRC acts as a gatekeeper to ensure everything runs smoothly.

noun Global compliance refers to the practice of ensuring that an organization follows all relevant laws, regulations, and standards in all the countries where it operates.

• Ensuring global compliance with regulations is a top priority for multinational corporations.
• Companies need to follow the rules everywhere to stay out of trouble - that's global compliance.
• You gotta play by the global compliance game if you want to keep the government off your back.
• Global compliance is like a safety net that keeps businesses from falling into legal trouble around the world.

noun a type of fashion that is mass-produced quickly and inexpensively in order to keep up with the latest trends

adjective describing the type of fashion being produced quickly and inexpensively

• Fast fashion is a term used to describe the quick turnover of trendy clothing items produced by mass-market retailers.
• I love shopping at fast fashion stores because I can always find the latest styles at affordable prices.
• Fast fashion is all about getting the hottest looks for less.
• The fast fashion industry moves at lightning speed, constantly churning out new designs to keep up with consumer demand.