Question

As a professional if you do not understand anything concerning your work as and do not attempt to do it. Discuss the impact of this statement in relation to procurement ethics

Answer 1

Procurement ethics are the ethics that must be followed while the acquisition of material. These procurement ethics would helps in maintaining the integrity and transparency with the suppliers. Also such ethics shows fairness towards the suppliers.
Procurement ethics also build up of trust and confidence between the supplier and the receiver.
Every professional is always required for follow ethics as these are predefined standards in professional environment.

Now as a professional if you do not understand anything concerning your work as and do not attempt to do it.
The impact of this statement in relation to procurement ethics would be :

• the procurement of material would be affected.
• there can be legal complications in the acquisition process.
• suppliers would not be ready to supply their goods.
• supplier would no longer trust you.