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GROUP NO:4VANDANA KABRA(19)

MONIKA KAR(20)

SUMIT KASLIWAL(21)KUSHBOO RAGAVAN(22)VANDANA MALPANI(23)

ASHISH MAKHWANA(24)

TIMIR VASA(46)

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Pur ch asing is a fu ncti on of pro cur ing goo ds and serv ices

from sour ces exter nal to th eorga niz ation .

Pur ch ase ma nageme nt dire cts th e flow of goo ds and serv ices in a compa ny and hand les all datarela tin g to cont act w ith suppl ier s

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Availab ility of proper qual ity and qua ntit y of ma ter ials.Procure ma ter ials at rea sonably low costsEnsure supply of qual ity ma ter ialsAware of sub stit u te ma ter ials in th emar k etF low of in forma tion regar din g pur chasingPossible sub stit u tes for raw ma ter ialsIdenti fy and develop new ve nd or sDevelop goo d pro cedure a nd sy stem forpur chasing depar tme nt .

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Discrimination andfavoritism

Disclosure of confidentialinformation

Marketing Audience Marketing Audience

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A ccepting free gifts Deceiving

suppliers

Marketing Audience Marketing Audience

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Conduct international purchasingwith laws & practices of foreign

countries

1.Demonstrate loyalty to theemployer

2.Conflict of interest

Promote positive supplier relationship Refrain from soliciting

Discourage personal purchases thatare not business related

Principle & standardof purchasing

practice

Handling confidentialinformation with due care

Obey the letter & sprit of law

Maintain current technicalknowledge

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Deceitful pra ctic es of buyer s can bem ini m ized if compa ni es commu nic ateethics pol icies to suppl ier s.

Ethics t ra inin g can h elp ma k e new ,in exper ienc ed and even seasoned buyer smore aware abou t unethic al be havior.

Employee u nethic al pra ctic es may re sul tin sh or t term success bu t in long ru n itdamage s buyer suppl ier rela tionshi p.

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Unethical behavior affect :

The buyer-supplier relationship

Image of both the partiesThe satisfaction of both buyers andsuppliersThe perception for each other i.e. of both

buyer and supplier

The Purchasing officer not only must actethically, but he should be above thesuspicion of unethical behaviour.

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