Procurement Ethics

Principles and Standards of Ethical Supply Management Conduct *

1. Avoid the intent and appearance of unethical or compromising practice in relationships, actions, and communications.
2. Demonstrate loyalty to Boston University by diligently following the lawful instructions of Boston University, 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 Boston University.  Please refer to the Boston University Conflict of Interest Policy for more information.
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.  Please refer to the Boston University Policy on Solicitation and Acceptance of Personal Gifts and Relationships with Vendors for more information. 
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 applicable laws and regulations.
9. Encourage support for small, disadvantaged, and minority-owned businesses.
10. Acquire and maintain professional competence.
11. 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.

* These principles are derived the ISM standards of supply management conduct. © 2002 Institute for Supply Management™; All Rights Reserved.