Vendor and Supplier Management Policy Template

This vendor and supplier management policy template has 2 pages and is a MS Word file type listed under our production & operations documents.

Sample of our vendor and supplier management policy template:

VENDOR & SUPPLIER MANAGEMENT POLICY INTRODUCTION [COMPANY NAME] values its relationships with vendors and suppliers. This Vendor and Supplier Management Policy outlines our commitment to establishing and maintaining ethical, mutually beneficial, and productive partnerships with our vendors and suppliers. VENDOR AND SUPPLIER SELECTION Vendor Qualification: [COMPANY NAME] will evaluate potential vendors and suppliers based on criteria that may include financial stability, quality standards, compliance with laws and regulations, and their ability to meet our needs. Diversity and Inclusion: We are committed to considering diversity and inclusion in our vendor and supplier selection process and actively seek opportunities to engage with diverse businesses. CONTRACTS AND AGREEMENTS Written Agreements: All vendor and supplier relationships will be governed by written contracts or agreements that clearly outline the rights, responsibilities, and expectations of both parties. Compliance: Contracts will stipulate vendor and supplier obligations, including compliance with laws, regulations, quality standards, and ethical practices. ETHICAL CONDUCT Integrity and Transparency: [COMPANY NAME] expects vendors and suppliers to conduct their operations with integrity, transparency, and honesty. We will not engage with entities involved in illegal or unethical activities. Fair and Ethical Practices: Vendors and suppliers are expected to adhere to fair labor practices, avoid conflicts of interest, and ensure ethical behavior in their business operations. QUALITY AND PERFORMANCE