Sustainable procurement takes a wider view and incorporates the net benefits for both the buyer organisation and the wider world. It considers the impact of environmental, economic and social factors along with price and quality. This is important in terms of how the buyer conducts their relationship with suppliers, including contract negotiation especially when sourcing globally with unfamiliar work cultures.
It is becoming more fundamental for purchasing professionals to ensure the practices it undertakes in business are above reproach. They must be aware and lookout for signs of unacceptable practices in the supply chain such as fraud, corruption, modern-day slavery, human trafficking and wider issues such as child labour.
As a purchasing professional you should take the time to understand the fundamentals of ethical behaviour when selecting and managing suppliers as well being aware our own personal responsibilities and demonstrate integrity at all times.
CIPS, as the professional body for the procurement and supply profession, is using its global standard, network, education, expertise and charter for public good to ensure that procurement and supply chain management professionals have the capabilities and responsibility to deliver sustainability goals for their organisations.
Video by CIPS Malcom Harrison FCIPS GROUP CEO, CIPS about
CIPS Ethical Procurement and Supply Training and Assessment