Principles, Standards & Mission Statement
Principles & Standards
From these principles are derived the ISM-New York standards of domestic and international purchasing practice.
- Enhance the proficiency and stature of the purchasing profession by acquiring and maintaining current technical knowledge and the highest standards of ethical behavior.
- Demonstrate loyalty to the employer by diligently following the lawful instructions of the employer, using reasonable care and authority levels granted.
- Promote positive supplier relationships through courtesy and impartiality in all phases of the purchasing cycle.
- Know and obey the letter and spirit of laws governing the purchasing function and remain alert to the legal ramifications of purchasing decisions.
- Encourage all segments of society to participate by demonstrating support for small, disadvantaged, and minority owned businesses.
- Handle confidential or proprietary information belonging to employers or suppliers with due care and proper consideration of ethical and legal ramifications and governmental regulations.
- Conduct international purchasing in accordance with the laws, customs, and practices of foreign countries, consistent with United States laws, your organizational policies, and these Ethical Standards and Guidelines.
- Refrain from reciprocal agreements that restrain competition.
- Avoid the intent and appearance of unethical or compromising practice in relationships, actions, and communications.
- Refrain from any private business or professional activity that would create a conflict between personal interests and the interests of the employer.
- Refrain from soliciting or accepting money, loans, credits, or prejudicial discounts, and the acceptance of gifts, entertainment, favors, or services from present or potential suppliers that might influence, or appear to influence, purchasing decisions.
- Discourage purchasing involvement in employer-sponsored programs of personal purchases that are not business related.
Originally Adopted 1992, Modified 2001
The mission of the ISM-New York is to support The Institute for Supply Management. It is also the mission of the ISM-New York to provide procurement, sourcing and supply chain thought leadership through educational programming, networking, sharing best practices and to promote the highest level of professionalism and leadership training for our members.
Adopted 2010, Modified June 2012