Unethical Business Practices
Ethical Business Practices in Purchasing and Supply Management
Ethical Business Practices in Purchasing and Supply Management
“The best and most successful organisations recognise that they will only prosper in the long term if they satisfy the aspirations of their stakeholders; including customers, suppliers, employees, local communities, investors, governments, public interest and environment groups. ”
“To satisfy this intense scrutiny and the demands for greater accountability in society, businesses and other organisations are increasingly recognising the need to measure, track and report on their social and ethical performance.” Source: The Institute of Social and Ethical Accountability
Background The Chartered Institute of Purchasing & Supply (CIPS) has a Personal Ethical Code with which members undertake to comply. This Code sets out principles of: • integrity • professionalism • high standards • optimal use of resources and • compliance with legal and other obligations and offers guidance in relation to: • declaration of interest • confidentiality and accuracy of information • fair competition • business gifts and hospitality and • seeking advice The Code is the basis of best conduct in the purchasing and supply profession and is reproduced as Appendix 1 to this document.The CIPS position on Ethical Business Practices in Purchasing and Supply Management expands on the principles in the Code and addresses business to business ethical issues and social responsibility issues within supply chains.It also takes into account issues that have arisen throughout business regarding social responsibility,personal accountability,corporate governance and so on,which have in turn been addressed in reports produced in recent years; Turnbull,Nolan and Higgs to name but a few. Purchasing and supply management professionals are increasingly required to demonstrate that the supply chains they manage take ethical and social responsibility issues into consideration.The
Ethical Business Practices in Purchasing and Supply Management
“The best and most successful organisations recognise that they will only prosper in the long term if they satisfy the aspirations of their stakeholders; including customers, suppliers, employees, local communities, investors, governments, public interest and environment groups. ”
“To satisfy this intense scrutiny and the demands for greater accountability in society, businesses and other organisations are increasingly recognising the need to measure, track and report on their social and ethical performance.” Source: The Institute of Social and Ethical Accountability
Background The Chartered Institute of Purchasing & Supply (CIPS) has a Personal Ethical Code with which members undertake to comply. This Code sets out principles of: • integrity • professionalism • high standards • optimal use of resources and • compliance with legal and other obligations and offers guidance in relation to: • declaration of interest • confidentiality and accuracy of information • fair competition • business gifts and hospitality and • seeking advice The Code is the basis of best conduct in the purchasing and supply profession and is reproduced as Appendix 1 to this document.The CIPS position on Ethical Business Practices in Purchasing and Supply Management expands on the principles in the Code and addresses business to business ethical issues and social responsibility issues within supply chains.It also takes into account issues that have arisen throughout business regarding social responsibility,personal accountability,corporate governance and so on,which have in turn been addressed in reports produced in recent years; Turnbull,Nolan and Higgs to name but a few. Purchasing and supply management professionals are increasingly required to demonstrate that the supply chains they manage take ethical and social responsibility issues into consideration.The