1. Introduction

Creation Foods Company is committed to sourcing high-quality ingredients and supplies in a responsible and ethical manner. This Procurement Policy outlines the principles and procedures that guide our purchasing decisions.

2. Core Values

Our procurement activities will be guided by the following core values:

• Quality: We are committed to sourcing ingredients and supplies that meet the highest standards of quality and safety.
• Sustainability: We strive to source from environmentally responsible suppliers who prioritize sustainable practices.
• Ethics: We conduct business with integrity and fairness, upholding ethical sourcing practices throughout our supply chain.
• Value: We aim to achieve best value for money, considering not just price but also quality, sustainability, and supplier performance.

3. Supplier Selection

• Qualifications: We will select suppliers based on their ability to meet our quality, safety, sustainability, and ethical sourcing standards.
• Competition: We are committed to fair and open competition, soliciting quotes from multiple qualified suppliers whenever possible.
• Risk Management: We will consider potential risks associated with suppliers, such as financial stability and continuity of supply.

4. Supplier Performance

• Performance Evaluation: We will regularly evaluate supplier performance based on factors such as quality, delivery timeliness, cost, and responsiveness.
• Continuous Improvement: We encourage continuous improvement among our suppliers and collaborate with them to identify and implement best practices.

5. Sustainable Procurement

• We will prioritize sourcing from suppliers who demonstrate commitment to sustainable practices, including:
  • Environmental responsibility (e.g., waste reduction, energy efficiency)
  • Social responsibility (e.g., fair labor practices, community engagement)
  • Animal welfare (e.g., responsible sourcing practices)
• We will explore opportunities to source locally whenever feasible to reduce our environmental footprint and support local businesses.

6. Ethical Sourcing

• We will not tolerate any form of forced labor, child labor, or human trafficking in our supply chain.
• We will comply with all applicable laws and regulations related to labor practices, food safety, and environmental protection.
• We expect our suppliers to uphold the same ethical standards in their own operations.

7. Recordkeeping

We will maintain accurate and complete records of all procurement activities, including supplier selection criteria, quotes received, and contracts awarded.

8. Policy Review and Update

This Procurement Policy will be reviewed and updated periodically to reflect best practices and any changes in our business needs or industry standards.

9. Training

We will provide relevant training to our employees involved in procurement to ensure they understand and adhere to this policy.

10. Reporting Concerns

We encourage employees and stakeholders to report any concerns regarding potential violations of this policy. All reported concerns will be investigated thoroughly and addressed appropriately.

This Procurement Policy represents Creation Foods Company’s commitment to responsible and ethical sourcing practices. By following these guidelines, we can ensure that our products are made with high-quality ingredients, while minimizing our environmental impact and supporting a sustainable food system.