\u201cSherna, what comprises of ethical procurement? How should one classify or categorize ethical procurement? Have any rules been pre-set? Do we have any governing body?<\/em>\u201d<\/p><\/blockquote>\n This question did have me thinking, do a set ethics exist for procurement? What code of conduct should procurement professionals follow? Do ethics exist for suppliers as well?<\/p>\n What are ethics and what is ethical procurement?<\/b><\/p>\n Ethics are a set of moral principles that deem a person\u2019s behavior as appropriate and fair. In terms of business or I would say procurement, an ethical procurement professional is a person who: practices his profession with transparency & impartiality and does not indulge in unfair activities.<\/p>\n Source-to-Pay Digitization Diagnostic<\/p>\n Who governs the ethics?<\/b><\/p>\n As of today, any matters dealing to business ethics are dealt at an appropriate (senior management) level within one\u2019s organization or within the established Procurement\/Purchasing associations that the respective procurement professional is a part of.<\/p>\n Learn More: Source-to-pay-process<\/a><\/strong><\/p>\n Here\u2019s a summary of a few chosen ethics that <\/b>The Chartered Institute of Procurement & Supply<\/b><\/a> specify for their certified members worldwide:<\/b><\/p>\n Insightful isn\u2019t it? In our next post<\/a> we shall have a look at a few examples where we can recognize breach of code.<\/p>\n \u00a0Read the complete Ethical Procurement series\u00a0<\/strong><\/a><\/p>\n Hope you gained quite a few ideas reading this post. Have any comments?Share them below.<\/p>\n Learn More: procure-to-pay-solution-overview<\/a><\/strong><\/p>\n Related Read:<\/strong><\/p>\n As I was going through the comments and queries that readers post, I received a unique request from a reader. Here\u2019s what he mentioned, \u201cSherna, what comprises of ethical procurement? How should one classify or categorize ethical procurement? Have any rules been pre-set? Do we have any governing body?\u201d This question did have me thinking, […]<\/p>\n","protected":false},"author":1,"featured_media":100848,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1944],"tags":[1485,1486,1487,1359,1488,1489,1490,1491,1492,1493,351,356,1494,1495],"ppma_author":[170],"class_list":["post-1562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement-talent-management","tag-bribery","tag-cips","tag-code-of-conduct","tag-compliance","tag-confidentiality","tag-ethical-procurement","tag-ethics","tag-gifts-hospitality","tag-integrity","tag-laws","tag-procurement","tag-supplier-management-2","tag-talent","tag-transparency"],"acf":[],"authors":[{"term_id":170,"user_id":0,"is_guest":1,"slug":"zycus-inc","display_name":"Zycus","avatar_url":{"url":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png","url2x":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png"},"author_category":"0","last_name":"Agentic Procurement Platform","first_name":"Zycus","job_title":"","user_url":"https:\/\/dev.zycus.com\/freshz","description":"Zycus is an Agentic Procurement Platform that is redefining procurement from Source-to-Pay to Intake-to-Outcomes. Its unified platform combines native Intake, agentic AI, and an end-to-end S2P core to help enterprises drive real procurement outcomes \u2014 not just transactions. Recognized by Gartner, Forrester, IDC, and customers worldwide, Zycus is shaping the next generation of procurement with the Merlin Agentic AI Platform."}],"_links":{"self":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/1562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/comments?post=1562"}],"version-history":[{"count":0,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/1562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media\/100848"}],"wp:attachment":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media?parent=1562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/categories?post=1562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/tags?post=1562"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/ppma_author?post=1562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"S2P\"](\"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2015\/11\/S2P-Digitization-Tool.webp\")
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