ETHICAL SUPPLY MANAGEMENT (Principles and Standars)
PRINCIPLES
Integrity
Value
Loyalty
Sustainability and social responsibility
Reinforce the importance of personal commitment and how such commitment impacts sustainability ans social responsibility initiatives.
Anti- corruption
Environment
Financial integrity and transparency
Human rights
Labor rights
Health and safety
Confidential and proprietary information
Recipients of confidential and proprietary information must know that they have an obligation to protect it.
Develop and communicate a policy to protect confidential information.
Mark and identify confidential information.
Use nondisclosure agreements that state the terms for use of confidential information.
Use confidential information only for its intended purpose.
Reciprocity
Is both a legal and ethical practice that may result in legal sanctions againts the organization, its management or its supply management.
Understand suppliers that are also customers is easy if the costomer/supplier is the bet source.
Recognize that reciprocal relationships may be an illegal restraint of trade in some countries.
Apply and obtain accouting in every situation.
Applicable laws,regulations and trade agreements
Legal concepts that govern activities as agents of their employers must be clear in every company.
Contract and commercial laws
Trade agreements and regulations
Patent, copyright, trade secret and trademark laws.
Worker and safety laws and regulations
Professional competence
Developing business skills and increasing knowledge of supply management demonstrates a commintment to the profession and positively impacts you.
Support and participate in ongoing ethics training.
Mentor and teach those who want to learn.
Become actively involved in supply management and other professional associations.
What are used for?
Guide individual and group decisions and actions
Emphatize the role of ethics when formulating decisions.
It could de a model for consideration to make the organization's policies.
Impropriety
Interaction and treatment between professionals and customers must be honest ans fair minded.
Professionalism in all comunications
Identifying situations which may impact business relationships.
Discuss an actual potencial impropriety with management.
Avoid actions that might create the suspicion of impropriety.
Select outside business and event venues with care.
Avoid excessive discussion of personal matters.
Conflict Interest
Professionals must not use their positions to induce another person to proovide inappropriate benefits to themselves or others.
Discuss actual or potential conflicts of interest with management.
Do not be engaged with inappropriate personal business with your emplyer or employer's competitors or suppliers.
Employees will obtain and review conflict of interest statements that encourage employees to disclose any potencial conflict of interest.
Do not harm the interest of your employer.
Do not use inside information for personal gain.
Influence
A supply desicion must avoid all activity that may reduce the objectivity of a decision.
Implementation of policies that reduce inappropriate influences on the supply process.
Business meal could be an opportunity of building business relationships.
Professionals must be aware of their organization's position and esure that market power is not abused.
The specifications and standards must be objectively developed and communicated.
Responsibilities to your employer
The professional must serve the lawful interests of the employer.
Obtain maximun value for the employer.
Notify the employers of unlawful or unethical activities.
Avoid unauthorized use of employer's name.
Supplier and customer relationships
Supply management professionals are responsible for developing and maintaining effective business relationships wih suppliers and customers.
Implement policies and procedures for business processes that are fair.
Encourage prompt and fair problem resolution.
Avoid unreasonable demands.
Open and direct communication.