Procurement is the act of buying goods and services. The procurement process involves both a buyer and a seller. Thus, almost every business will engage in some type of procurement during the life time of the organisation, even if it is the purchase or sale of a pen.
Ethical procurement refers to procurement processes which respect fundamental international standards against criminal conduct (like bribery, corruption and fraud) and human rights abuse (like modern slavery), and respond immediately to such matters where they are identified.1
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