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Suppliers
EQUATE recognizes that suppliers play an important role to its
success in today's increasingly competitive marketplace. Therefore,
it is the intention of EQUATE’s Purchasing group to conduct
business with suppliers that add value to its businesses through
competitive pricing, product reliability, security of supply,
service and quality.
EQUATE maintains a list of approved suppliers, who are evaluated
and assessed on their performance with EQUATE to meet the above
criteria. It is important to keep in mind that EQUATE is committed
to providing a safe and healthy work place for employees, suppliers/contractors
and neighbors; therefore, Environment, Health and Safety are
very important factors of supplier performance evaluations and
assessments.
EQUATE maintains a transparent and impartial relationship with
its suppliers, and strategically awards business to suppliers
who provide continuous value to EQUATE.
EQUATE provides business opportunities to suppliers who fulfill
the above criteria through a specific qualification process.
The process will guide suppliers on the required steps for qualification,
such as:
1. Suppliers shall introduce their company and its services
by completing the supplier
information form.
2. Through an acknowledgment letter/e-mail, an EQUATE responsible
Buyer will be designated to the supplier.
3. The EQUATE responsible Buyer will be the focal communication
point to the supplier throughout the process.
4. The responsible Buyer will also feed back the supplier on
his qualification status.
Suppliers who meet EQUATE qualification requirements are registered
in the EQUATE approved supplier’s list. Although registered
suppliers would have an opportunity to conduct business with
EQUATE, registration does not entail any business commitments. |
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