Issue 16: Procurement

The procurement process is a part of the company’s corporate strategy and a vital component that helps in ensuring effective supply chain management. The procurement process involves elements such as purchase planning, development of specifications along with supplier research and selection in case of new suppliers and contract administration. When hiring contractors, the tender should specify the required qualifications, adequate knowledge and evidence from the contractor company. Companies need to be intelligent customers when procuring services or equipment that may impact on the control of major accident hazards.

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