Our Procurement Division works towards effective containment of the prices by taking alternate sourcing routes like raw material conversion, consolidation of buy to generate economies of scale, tier II sourcing, introduction of total management contract concepts - these being some of the initiatives amongst many others that are being conceptualised, designed and implemented by the division.
The Procurement Division commits to offering world-class, cost-economic services to all its stakeholders, through innovation, continuous improvement in procurement practices, value creating partnerships, logistical know-how, and innovative HR initiatives and by leveraging Information Technology.
We endeavour to empower communities, uphold safety and health standards, and protect the environment while we deliver progressive profitable growth through fair business practices. Following actions help us achieve them in our Procurement division:
In accordance with our Affirmative Action Policy, we encourage business entrepreneurs from socially disadvantaged communities and include them in our supply chain on the basis of equal merit. We have leveraged our growth projects to diversify our workforce in a way that favours local, marginalised communities and women. Also, we choose organisations aligned to our Affirmative Action Policy as our Strategic Sourcing partners.
We expect our suppliers to adopt management practices in Health & Safety which provides a high level of safeguards to their workers.
We require suppliers to maintain effective policies, processes and procedures to manage their environmental impact.
We expect our suppliers to develop and implement policies and procedures to ensure all human rights in their business and to encourage their suppliers to do likewise.
Policy outlines the fair business practices by which Tata Steel conducts business and we expect our suppliers to adopt similar principles.
We expect our suppliers to contribute to the social, economic and institutional development of the communities in which they operate.