Procurement
The Group is committed to:
- affording suppliers of goods, services and capital
fair opportunity to compete for the Group’s business
on the grounds of capability, competitive pricing, quality
and service; and
- dealing with suppliers and potential suppliers in accordance
with transparent sourcing policies and ethical procurement
practices.
In complying with the above principles, appropriate consideration is given to the Group’s policies on BEE and support of small, medium and micro-enterprises (“SMMEs”) wherever possible.
Given the nature of Mvelaphanda Group’s operations and the services they provide, the largest suppliers of services to the Group are its employees. Other suppliers provide a variety of goods and services to be used by employees in the delivery of services to the Group’s customers.
None of the Group’s suppliers are individually material to any of the operating companies to which they supply goods or services, or the Group as a whole. Procurement policies and standards are determined by the individual operating companies, with due consideration being given to security of supply, quality of goods or services, price and the use/availability of alternative suppliers.
Targeted procurement from BEE suppliers is equally important, and is a powerful and immediately effective tool for creating and sustaining BEE business opportunities, particularly among SMMEs. As part of each operating company’s procurement strategy, consideration is given to utilising BEE suppliers where possible.
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