Our global network of over 100 suppliers, undergo a robust approval process. This process is designed to ensure that our suppliers meet the standards, qualifications, and expectations required to not only mitigate risks but also adhere to compliance regulations, such as FSMA's requirement for Foreign Supplier Verification Programs.
Key Aspects of this program include:
Quality Assurance: Assessing the quality of products or services provided by the supplier to ensure they meet the company's standards.
Compliance: Verifying that the supplier adheres to relevant regulations and compliance requirements, such as safety standards and industry regulations.
Reliability: Evaluating the supplier's track record in terms of reliability, consistency, and timely delivery of goods or services.
Financial Stability: Assessing the financial health and stability of the supplier to ensure they can meet contractual obligations over the long term.
Ethical and Sustainable Practices: Ensuring that the supplier operates ethically, adheres to fair labor practices, and follows sustainable business practices.
Communication and Transparency: Establishing clear communication channels and transparency in dealings with the supplier to foster a collaborative and trustworthy relationship.
Risk Management: Identifying and mitigating potential risks associated with the supplier, such as geopolitical, operational, or financial risks.
Documentation: Maintaining comprehensive documentation of the supplier approval process, including contracts, certifications, and audit reports.
