NAME: AMARA PEACE AGAJA

REG NO: 18/U/7521/EVE

STUDENT NO: 1800707521

Procurement ethics refers to the understanding of what is right and wrong and doing what is right
A) As a future procurement practitioner and based on your procurement ethics knowledge,
discuss five (5) learning points from sons & Wesson’s misfortune?
I learn to perform with utmost integrity, unlike Son and Wessons that offered and paid
financial rewards and gifts to the government officials of the collaborating countries.
I learn to be just and fair unlike son and Wesson that tried to influence the procurement of
various agencies to secure its contract, which was unethical.
I learn to be competitive through outsourcing unlike son and Wesson that decided to offer a
financial rewarding exchange in order to come up with the as the best.
I learn to be responsible unlike sons and wessons that neither admitted nor denied any wrong
doing.
I learn to be transparent and open with all my proceedings unlike son and Wesson that
carried out fraudulent acts through secreting collaborating with the countries named in the
case.
Based on the sons and the wessons case above, describe the impact of poor procurement
ethics in a business transaction
In relation to the case study, poor procurement ethics leads to business failure; this is
depicted when the company was highly fined a sum of 20 dollars, hence leading to loses
hence business failure.
Poor procurement also leads to reduced competitiveness in the

B) Based on the Sons & Wesson’s case above, describe the impact of poor procurement
ethics in a business transaction.
Tarnishes the reputation of the organizations. Sons & Wesson’s company reputation was
tarnished upon the declaration of a fine of $20 million by the US federal regulators hence
tarnishing the brand image of the company.
Poor procurement ethics leads to high costs .This is reflected when sons and wessons
company was fined to pay a fee of $20 million levied by the US regulators not to mention
doing untold damages to its reputations
It also leads to punishments of the organisation consider offenders by consumers and other
members of the society that would
Reduction in efficiency. This was when the resources were wasted and returns were not
got.as the case Sons & Wessons did not practice any kind of maintaining value for resources
It led to the loss of the company’s reputation. That is to say the name of the company was
tarnished in public because of the unethical sales.
Poor procurement ethics led to financial loss to the company. This was because of paying the
fine of $ 20 million, that later caused a loss to the Sons & Wessons Company.

C)
Explain how a procurement manager can avoid and / or correct procurement ethics problems.

Institute ethical committees and advisors who provide guidance to the employees through
training them on how to act professionally.
Ensuring that the policy receives regular reviews and improvement, new laws and policies
hence improving procurement ethics.
Through being exemplary. A procurement manager will be able to promote ethics in an
organisation by being exemplary because the employees will depict or reflect their actions
Through auditing an organizations ethics which shows how well the organisation performs
both generally and in specific contract negotiation.
Through ensuring the senior management endorses the policies and acts of the organisation
therefore promoting procurement ethics.
Through instituting punishments to non- complaint workers by terminating their contracts in
case they fail to perform