Procurement Ethics

Procurement ethics refers to the principles and standards that guide fair and responsible purchasing practices within organizations. It ensures that decisions made when buying goods and services are transparent, fair, and equitable. This includes avoiding conflicts of interest, ensuring competition among suppliers, and fostering honest relationships. Ethical procurement helps prevent corruption and promotes sustainability and social responsibility. Ultimately, it aims to protect the interests of all stakeholders, from vendors to the community, by ensuring that resources are used wisely and ethically in the procurement process.