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Supplier Management
Suppliers or business allies are individuals and organizations which play an important role
in developing the business in order to grow together with the bourse. SET has set the supplier
management and procurement management processes. The procurement guidelines have been
launched in compliance with fair and transparent corporate governance principles.
The exchange has the supplier policy that has taken into account efficiency, transparency and fairness.
Supplier management process also appears in the SET code of conduct. In addition, the procurement
procedure and its implementation effectively comply with the SET regulations.
SET is determined to develop the capacity of suppliers in the long term by encouraging them to improve the
quality of products and services, taking into consideration social responsibility. The exchange is currently
revising the sustainable procurement policy by considering sustainability dimensions of economy, society
and environment. The sustainable procurement policy is scheduled to be completed in 2015.
SET prescribes the qualifications of eligible suppliers in every bid to offer according to the procurement
procedure. The exchange notifies every supplier of the bidding information equally. The process to secure
suppliers is based on best value and comparison of quality, bidding price and qualifications of supplier to
ensure fair and transparent competition. In addition, the bourse also considers other key conditions such as
trade suppliers’ financial status, reference, reliability as well as encouraging suppliers to carry out their
assignment with transparency and corruption-free aspect. These requirements are identified in the Terms
of Reference (TOR). The procedure also clearly separates the responsibility of the procurement and
inspection units.
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Supplier management policy
Responsible procurement
Procurement process