Code of Ethics

Introduction

Every SIPMM member shall undertake to abide by the Code and shall regard the Code as the basis of best conduct in their professional practice. Any member found in breach of the Code shall face appropriate disciplinary action. Members should raise any matter of concern of an ethical nature with their immediate supervisor or another senior colleague if appropriate, irrespective of whether such a matter is explicitly addressed in the Code.

Precepts to Professional Conduct

Members shall always seek to uphold and enhance the standing of the Purchasing, Logistics and Supply profession and will always act professionally and selflessly by:

1. Maintaining the highest possible standard of integrity in all their business relationships both inside and outside the organisations where they work;

2. Rejecting and denouncing any business practice that is improper;

3. Enhancing the proficiency and stature of the profession by acquiring and maintaining current technical knowledge and standards of ethical behaviour;

4. Fostering the highest standards of professional competence amongst those for whom they are responsible;

5. Optimising the use of resources which they influence and for which they are responsible to provide the maximum benefit to their employing organisation;

6. Complying both with the letter and the spirit of:

a. The laws of the country in which they practise;
b. The Institute’s Guidance on Professional Practice as outlined below and as may be issued by the Institute from time to time; and
c. Contractual obligations.

Guidance on Professional Practice

In applying these precepts, members should follow the guidance set out below:

A. Declaration of interest – Any personal interest that may impinge or might reasonably be deemed by others to impinge on a member’s impartiality in any matter relevant to his or her duties should be declared to the employer.

B. Confidentiality and accuracy of information – The confidentiality of information received in the course of duty should be respected and should never be used for personal gain. Information given in the course of duty should be true and fair and not designed to mislead.

C. Competition – While considering the advantages to the member’s employer of maintaining a continuing relationship with a supplier, any arrangement that might, in the long term, prevent the effective operation of fair competition should be avoided.

D. Business gifts – Business gifts, other than items of very small intrinsic value such as business diaries or calendars, should not be accepted.

E. Hospitality – The recipient should not allow himself or herself to be influenced or be perceived by others to have been influenced in making a business decision as a consequence of accepting hospitality. The frequency and scale of hospitality accepted should be managed openly and with care and should not be greater than the member’s employer is able to reciprocate.

F. Advice – When it is not easy to decide between what is and is not acceptable, advice should be sought from the member’s superior, another senior colleague or the Institute as appropriate. Advice on any aspect of the Code is available from the Institute.