Supplier Records and Management Policy

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The purpose of this policy is to ensure that the company obtains the best possible combination of quality and price from its suppliers. It requires comprehensive records be maintained for all major suppliers, and suppliers be subject to periodic review for verification of quality and price.

Under this policy, the purchasing department is responsible for ensuring adequate supplier records are maintained, makes judgements and related recommendations about the value and quality of suppliers, maintains arms-length relationships with all suppliers, and periodically assesses the potential for improved purchasing value through the analysis of current and potential suppliers.

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