Ethical procurement practices are acceptable norms that supply chain professionals and institutions must adopt to ensure flawless supply processes. Practitioners are expected to exhibit professionalism to ensure institutional functionality, transparency and significant savings in expenditure.
Globally, both public and private institutions strive to put in place procurement systems and structures as procurement plays a pivotal role in the economic development of nations. Public procurement represents a significant percentage of the Gross Domestic Product (GDP), generating huge financial flows, estimated on average at 10-15 per cent of GDP across the world.