--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

Principles and Standards of Ethical Supply Management Conduct


Integrity in Your Decisions and Actions
Value for Your Employer
Loyalty to Your Profession

From these principles are derived the ISM standards of supply management conduct:

STANDARDS

  1. Impropriety.  Prevent the intent and appearance of unethical or compromising conduct in relationships, actions and communications.

  2. Conflicts of Interest.  Ensure that any personal, business or other activity does not conflict with the lawful interests of your employer.

  3. Influence.  Avoid behaviors or actions that may negatively influence, or appear to influence, supply management decisions.

  4. Responsibilities to Your Employer.  Uphold fiduciary and other responsibilities using reasonable care and granted authority to deliver value to your employer.

  5. Supplier and Customer Relationships.  Promote positive supplier and customer relationships.

  6. Sustainability and Social Responsibility.  Champion social responsibility and sustainability practices in supply management.

  7. Confidential and Proprietary Information.  Protect confidential and proprietary information.

  8. Reciprocity.  Avoid improper reciprocal agreements.

  9. Applicable Laws, Regulations and Trade Agreements.  Know and obey the letter and spirit of laws, regulations and trade agreements applicable to supply management.

  10. Professional Competence.  Develop skills, expand knowledge and conduct business that demonstrates competence and promotes the supply management profession.

Adopted: 01/2012

Click here for a printable two page version of the above principles. (PDF - 664 KB)

Click here for the PDF document containing the guidelines associated with these principles. (PDF - 2,000 KB)

Principles and Standards of Ethical Supply Management Conduct


Back to Top



Rate and Review this item

Rate this item:



Log in to rate or review this item.