Strategic Purchasing Management/Purchasing ethics and professional behavior (W8)

Order Description
Read the following Codes of Conduct, which are part of the Week 8 Learning Resources:

Chartered Institute of Purchasing & Supply. (2013) Ethical and sustainable procurement [Online]. Available from: http://www.cips.org/Documents/About%20CIPS/CIPS_Ethics_Guide_WEB.pdf (Accessed: 09 October 2014)

Institute for Supply Management. (2012) Principles and standards of ethical supply management conduct with guidelines [Online]. Available from: http://www.ism.ws/files/SR/PrinciplesandStandardsGuidelines.pdf (Accessed: 09 October 2014)

For your Key Concept Exercise, write a paper that provides an evaluation of the importance of ethics in purchasing based upon the two codes of conduct. Explain how these standards impact buyer-seller relationships. (500 words)