Requirements for our suppliers?
Future Pharmaceutical Company is interested in building a strong policy and relationship, concluding long-term contracts with its suppliers, and has identified a set of basic requirements.
From the outset, we anticipate an unwavering dedication to legal compliance and ethical and sustainable business governance. This entails taking social, ethical, and environmental issues into account in every commercial endeavor.
Moreover, in addition to competitive pricing, we expect our suppliers to share our own standards in terms of innovative strength, high quality, and service.
Future Company is fully committed to ensuring compliance with human rights principles and environmental protection requirements across entire supply chains and identifying, assessing and minimizing risks to human rights and continuously protecting the environment.
Our main rules for both legal compliance and ethical and responsible business practices are summed up in the code of conduct for business partners. Every one of our vendors must abide by it.
Our suppliers commit to implementing an ISO 9001-style quality assurance system and incorporating these principles into their supply chains. They take the necessary precautions to guarantee the caliber of both their own and their suppliers' deliveries. By working together, we guarantee preventive quality assurance, which aids in error avoidance and ongoing improvement.
All of our suppliers who purchase more than $100,000 annually, or in other specified circumstances, are expected to enter into a framework agreement with us. This lays the groundwork for transaction processing, the development of a safe, effective, and seamless supply chain, and the equitable distribution of risks. Establishing business agreements for product purchases based on individual contracts, purchase orders, and delivery schedules is the goal.
Our standard terms and conditions of purchase are applicable if we haven't reached a corporate agreement with a supplier.
When possible, we would prefer to receive PDF invoices from our suppliers by email, if that is allowed by law. We will soon have the capability to process formats that are readable by machines. The following lists all of the legal entities that use Basware as a service provider.
We prefer that the payment be through irrevocable documentary credits from a first-class bank.