How To Avoid Procurement Corruption


Procurement corruption is an ethical company’s nightmare. Sometimes the corruption is obvious, but often it’s subtle and seems harmless—such as when a vendor gives small gifts to a company’s procurement division. Even if it appears inconsequential, procurement corruption can affect both your company’s bottom line and its reputation. If you’re vigilant, however, there are ways to prevent it—don’t worry, we’ve got you covered. Establish an Ethical Culture One of the best things you can do to prevent procurement corruption is establish an ethical culture at your company. This will weed out people who might be prone to acting unethically while…