The Chartered Institute of Purchasing & Supply (CIPS) has announced a revised Code of Professional Ethics for its members. As well as improving overall standards of conduct, the revision specifically tackles issues such as accepting gifts or using status for personal benefit.
CIPS representation manager Emma Brooks said the update recognised the need for buyers and sales people to engage in social and networking activities such as business lunches, even after a contract had been awarded.
"Socialisation improves relationships," she said.
The code aims to offer a robust framework to ensure transparency and openness about competition in unambiguous terms, while not constraining good business, she added.