Ethics in Procurement

Ethics in procurement refers to the moral principles that guide how organizations acquire goods and services. It involves transparency, fairness, and honesty in the purchasing process, ensuring that suppliers are treated fairly and without favoritism. Ethical procurement practices help prevent corruption, promote competition, and foster trust between buyers and sellers. This approach ensures that decisions are made based on merit and value, rather than personal relationships or improper incentives, ultimately leading to better products, services, and community relationships.