Procurement and Contract Principles

Procurement and Contract Principles

             Procurement and Contract Principles

Strategies to achieve sustainability goal within 3-5 years
CFP Procurement Principles of Thaioil and Subsidiaries:

 

C
Clear
  Strict compliance with policies and regulations
Check and balance system with clear inspection points throughout the procurement
process, training and awareness raising of ethics and compliance for suppliers,
additional audit led by both internal and external parties
F
Fair
  Equal opportunity for all suppliers
Transparent and clear communications, easy and equal access to information
through the supplier relationship website
P
Professional
  Develop a bidding strategy
that supports sustainable procurement processes through collaborating with “TOP”
Professional Team with representatives from various different functions,
employing a global consulting firm to guide the process, and studying
best practices, aiming to green procurement.