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Hi Pharm’s procurement risk management process requires that we conduct reasonable due diligence in engaging, selecting, and assessing suppliers throughout their Hi Pharm lifecycle.
Hi Pharm requires basic information from its suppliers to provide transparency to its supply chain and potential risks. Subject to local legal requirements and the sustainable procurement risk analysis, suppliers may be asked to provide information to confirm:
– Corporate and legal information
– Financial information
– Verification of authenticity and correctness of Bank Accounts
– Business practice information that allows Hi Pharm to evaluate potential supply chain risk
– Acknowledgment of the Hi Pharm Supplier Code of Conduct
– Applicable supplier company classification and/or diversity information
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