| We purchase more than $6 billion in materials, equipment, power and services annually from over 30,000 suppliers and service providers worldwide. And we want to work with vendors who share in our commitment to ethical business practices and who can help us deliver value to our customers.
Suppliers are required to abide by and conform to our global Code of Conduct in their business dealings with us. To ensure that our standards are met, we:
- Prequalify suppliers using commercial and technical evaluations
- Conduct formal reviews for critical suppliers
- Employ a formal rating system to encourage continuous
improvement and recognize achievement
- Monitor ongoing performance and product quality via formal assessments
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- Follow defined procedures for noncompliance and remediation
- Develop joint company-supplier corrective action plans
- Organize joint company-supplier continuous improvement events
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