(a) Maintaining an unimpeachable standard of integrity in all their business relationships both inside and outside the organization in which they are employed.
(b) Complying with the letter and spirit of the laws of the country in which they work.
Loyalty to the company, justice to those whom he deals and faiths in his profession are the basic codes of purchasing professionals. In this context, the code of a professional organization, the Indian Institute of Materials management, is given below:
(a) To consider first the total interest of one’s origination in all transactions without impairing their responsibility and dignity to one’s office;
ADVERTISEMENTS:
(b) To buy without prejudice, seeking to obtain the maximum ultimate value for each rupee of expenditure;
(c) To subscribe and work for honesty and truth in buying and selling, to denounce all forms and manifestations of commercial bribery and to avoid anti-social practices;
(d) To accord a prompt and courteous reception, so far as conditions will permit, to all who call upon legitimate business mission; and
(e) To respect one’s obligations and those of one’s organization consistent with good business practices.
These codes are worthless if they are not backed up by deeds, preferably supported by policy statements. It is expected that the buyer should never forget that he is the symbol of all ethical standards and at all costs, in all circumstances, he would need deviation from the ethical standards to fall prey to temptations and allurements.