Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
6th Edition
ISBN: 9781305809789
Author: MONCZKA
Publisher: Cengage
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Chapter C, Problem 5.2SA
Summary Introduction

To explain: The Institute of Supply Management (ISM) ethics code mention accepting favors and gifts from suppliers.

Case summary:

Person BJ was just arriving back from lunch when the phone ran in which his wife explained about a clock being gifted to their home. Person BJ asked his wife Person N to repack the clock as it was sent by a supplier who was looking to win the contract from the company Person BJ is working in.

Purchasing ethics:

Purchasing professionals are a vital asset to an organization. The process involved in purchasing items for a company is vital for its success. A strict code of ethics is essential for the purchasing department to ensure that all vendors are treated equally.

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