Global and integrated management
EDP Group’s procurement policy is governed by a management model which is defined by the globalization of procurement activities, the excellence of buyers, the transparency of processes and equal opportunities for all suppliers.
The Group’s procurement policy includes the following complementary processes:
The process begins by identifying the need to purchase a given good or service, resulting from a new process or the expiration of an existing agreement. Having gone through all market analysis, queries, proposals, proposal analysis and negotiation stages, the process is concluded with the tender award and the subsequent contract.
Transactional or Operational Procurement processes consist in manging purchase requisitions and orders with the purpose of placing orders under existing contracts. They also include the follow-up and monitoring of suppliers' deliveries, streamlining them and minimizing any possible delays
The treasury department comprises all activities pertaining to the reception, analysis, approval and payment of invoices, according to the payment system established in each location’s Business Units.
Reporting the Group’s procurement activities is a strategic capacity, supported by cross-cutting and globally integrated information systems whose main objectives are: consolidating information, generating management information and analyzing performance levels.
We at the EDP Group believe that we should promote within our supply chain socially, economically and environmentally responsible practices that can contribute to improve society as a whole. Our suppliers' long-term sustainable development is crucial to sharing of our success, and we therefore select, and actively collaborate with, suppliers that share our ethical values and sustainability commitments
In addition to raw materials and primary energy sources, there are many other essential products and services we need so that our energy can reach millions of people.
The procurement model grows within a logic of management by categories. This model is based on a structured approach of the process of acquisition of goods and services, on a global level, complemented by interventions of local structures that respond to business needs in the perspective of proximity to their respective geographies.
The structure of categories is based on the following groups:
- Construction Contracts and Services
- Information and Communications Technologies
- Corporate Services
The success of EDP depends on the performance of its suppliers. Trust and the ability to innovate together are essential for improving the service we provide to our customers
We at the EDP Group believe that we should promote within our supply chain socially, economically and environmentally responsible practices that can contribute to improve society as a whole.
Our suppliers' long-term sustainable development is crucial to sharing of our success, and we therefore select, and actively collaborate with, suppliers that share our ethical values and sustainability commitments.