ISM Principles and Standards of Ethical Supply Management Conduct
Principles and Standards of Ethical Supply Management Conduct
LOYALTY TO YOUR ORGANIZATION
JUSTICE TO THOSE WITH WHOM YOU DEAL
FAITH IN YOUR PROFESSION
From these principles are derived the ISM standards of supply management conduct. (Global)
1. Avoid the intent and appearance of unethical or compromising practice
in relationships, actions and communications.
2. Demonstrate loyalty to the employer by diligently following the lawful instructions
of the employer, using reasonable care and granted authority.
3. Avoid any personal business or professional activity that would create a
conflict between personal interests and the interests of the employer.
4. Avoid soliciting or accepting money, loans, credits or preferential discounts
and the acceptance of gifts, entertainment, favors or services from present
or potential suppliers that might influence, or appear to influence, supply
management decisions.
5. Handle confidential or proprietary information with due care and proper
consideration of ethical and legal ramifications and governmental regulations.
6. Promote positive supplier relationships through courtesy and impartiality.
7. Avoid improper reciprocal agreements.
8. Know and obey the letter and spirit of laws applicable to supply management.
9. Encourage support for socially diverse practices.
10. Conduct supply management activities in accordance with national and international
laws, customs and practices, your organization's policies and these ethical
principles and standards of conduct.
11. Develop and maintain professional competence.
12. Enhance the stature of the supply management profession.
