Ethical issues in purchasing

Abstract

The significance of purchasing to overall company success has become more widely appreciated in recent years. Product quality and cost control are two core benefits which can be delivered by efficient and effective purchasing. However, developments over the last few years mean that purchasing and supply management must also deliver on new fronts. In this chapter we wish to demonstrate that ethics deserves to be taken seriously in purchasing. Major trends such as globalization, changes in approaches to sourcing and new modes of corporate accountability throw up significant ethical issues. Experience and some recent high-profile cases suggest that ethical standards are important for effective management of purchasing and supply.

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