Directors' Report: Business review
Supply chain management
We ensure that our suppliers align and comply with our Code of Business Conduct and adhere to best practice standards. We operate a competitive bidding process that is centred around the quality, value and integrity of the products and services being supplied. Evaluation and selection of suppliers is based on criteria such as availability, reliability and price, providing Tullow with efficient access to the best commercial arrangements available, mitigating financial risk, and delivering measurable value.
A key element of our supply chain management strategy, and one that helps develop local enterprise, is our drive to promote local content, using local and regional suppliers. Procurement and supply chain management is not a centralised function. Instead, we have in-country teams with local knowledge and this gives greater opportunity to prioritise local procurement and support enterprise and employment creation for local communities. As a result of this our suppliers range from small and medium-sized local companies to multinational corporations.