PLZ ESG REPORT 2021 RESULTS
PRODUCT STEWARDSHIP
Supply Chain Management PLZ Corp follows guidelines for choosing suppliers that share our values and adhere to our Supply Chain Code of Conduct. A resilient network of sustainable suppliers that support our commitment to our customers, our employees, and the environment is important to all of us.
The following documents related to suppliers are published on the PLZ website:
• Supply Chain Code of Conduct • Supply Quality Requirements Manual • Transparency in Supply Chain Statement
Our Supply Chain and Procurement teams, in conjunction with other departments, consistently work to identify and assess material sourcing and efficiency opportunities such as vendor and materials consolidation. We also have systems in place to validate our suppliers are operating with integrity and use a Vendor Scorecard to score them in categories like quality, service, and lead time. We also perform random periodic supplier audits which include validating supplier compliance with regulations and laws pertaining to conflict minerals, forced/child labor, human trafficking, exploitation, and Restriction of Hazardous Substances (ROHAS), among others. PLZ Corp recognizes the need for a robust supply chain program. With that said, in the near term we plan to assess the current state of where we are sole-sourced, single- sourced, and dual-sourced for critical components from suppliers located around the globe. Ultimately, we want to ensure we maintain a resilient, low-risk supply chain.
31
Made with FlippingBook. PDF to flipbook with ease