Creating a positive impact for stakeholders

Suppliers

HOW WE ENGAGE
  • Regular supplier engagements and performance reporting
  • Requests for proposals
  • Tendering processes
  • Supplier due diligence
THEIR ROLE IN VALUE CREATION
  • Enable the execution of strategic initiatives requiring the specialization of 3rd party services
  • Provide goods and services required in the HONORIS operations
NEEDS AND EXPECTATIONS
  • Responsible procurer of goods and services
  • Sound and efficient commercial and payment structures
  • Well-governed and fair supply chain management and contracting practices
  • Clear agreements and adherence to terms
STRATEGIC RESPONSE AND VALUE PROPOSITION
  • Identification of suppliers that support the execution of components of the strategy
  • Build long term relationships and continually improve/build
  • Perform supplier due diligence assessments
  • Responsible procurement and supplier development
RISKS/OPPORTUNITIES
  • Continuity of operations/provision of services - failure to perform suitable checks on the financial stability of suppliers; keyman dependencies (R)
  • Overreliance on some suppliers – risk not spread over more than one supplier (R)
  • Expedite the execution of strategic initiatives (O) >>read more
KEY METRICS AND OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED
  • Supplier performance
  • Contract terms/deliverables and implementation dates met
  • Targets met
  • Expenditure overruns
 >>read more