Table of Contents
What are the ethical practices in procurement?
The ground rules for good ethics in procurement are simple enough. Practice integrity, avoid conflicts of interest and personal enrichment, treat suppliers equally and fairly, and comply with legal and other obligations.
Why is ethical behavior important in procurement?
Promoting the eradication of unethical business relationships. Fostering awareness of human rights, fraud and corruption issues in all your business relationships. Responsibly managing any business relationships where unethical practices may come to light, and taking appropriate action to report and remedy them.
What are the 5 principles of procurement?
5 Procurement Principles UN Staff Members Should Know
- Best value for money.
- Fairness, integrity, and transparency.
- Effective international competition.
- The interest of the Contractor.
- Client centricity.
What are the basic principle of procurement?
Transparency, integrity, economy, openness, fairness, competition and accountability are some of the fundamental principles of public procurement.
For many procurement professionals, social responsibility is about being aware of your actions and the effects they can have throughout the supply chain. Social responsibility is a theory that is tied to ethics, with many of the same concepts being applied to encourage morally correct behavior.
What is CSR in procurement?
In broad terms, CSR is about corporate behaviour, governance and transparency in key social, environmental and business areas. Where CSR practices relate to procurement, CIPSA calls this “Socially Responsible Procurement” (SRP) – how best to achieve good social and environmental performance in the supply chain.
What are the ethical considerations in procurement?
Ethical Procurement: Some Scenarios to Consider. The ground rules for good ethics in procurement are simple enough. Practice integrity, avoid conflicts of interest and personal enrichment, treat suppliers equally and fairly, and comply with legal and other obligations.
What is theme 11 of procurement and supply management?
Theme 11: Ethics in Procurement and Supply This theme helps individuals to recognise and evaluate the importance of ethics and responsible procurement in organisations and supply chains. Procurement and supply personnel should promote ethical practices and
What is the new ethics in procurement and supply addendum?
Theme 11 Ethics in Procurement and Supply Update This formal addendum includes an in-depth update with new content focusing on a number of crucial subject areas within the profession, such as Modern Slavery, Corporate Social Responsibility (CSR) and Bribery, Corruption and Fraud.
What are the problems with non-procurement?
A third problem is rogue procurement. Having seen the example set by others, non-procurement staff may initiate procurement efforts of their own, which are, in turn, likely to suffer from inefficiency, reduced value to the organisation, unethical behaviour, or any combination of these.