Purchasing Procedure
Supplier Registration Process
Application and Document Submission
After reviewing the details of the supply group, a new candidate may apply to become a qualified supplier.
The applicant must enter its general profile, financial status and production facilities, and submit relevant documentation such as business registration certificate, credit assessment report, factory authorization certificate, among others.
Evaluation
POSCO will review and evaluate new supplier applications according to criteria such as credit level, facilities, experience and others.
POSCO will select suppliers that pass the document evaluation and will conduct on-site inspections.
Results and Registration
The evaluation results will be communicated to each applicant.
POSCO will provide training on contracting processes and purchasing ethics to new suppliers, and will grant them access to bidding processes.
Contracting Process
Bid Announcement
The request for quotation (RFQ) will be published in the e-Pro system and sent to suppliers by email.
The RFQ includes the bid name, method, date, delivery conditions and other information.
Suppliers must submit a preliminary quotation in accordance with the established conditions.
Bidding and Negotiation
POSCO will notify the detailed bidding conditions to suppliers that have submitted a preliminary quotation.
Suppliers invited to participate in competitive bids or negotiations must submit their offers within the established deadline.
Once the process is complete, participants may view the results.
Purchase Contract
Among suppliers participating in the electronic bid or negotiation, the supplier with the best offer will be selected as the awardee.
The awarded supplier must review the purchase order (PO) in e-Pro and sign the contract electronically using a digital certificate.
The electronically signed contract will have legal validity.
The contract type may be BPA (long-term) or a spot contract.
Order and Delivery
Delivery Documentation
The supplier must issue the delivery receipt and material identification label in the e-Procurement system before delivering to POSCO.
Depending on the inspection criteria, drawings, catalogs and test reports may be required.
Visit Request
The supplier must enter the delivery schedule and request the visit through the e-Procurement system.
Delivery
The supplier must deliver the products to the designated location within the established deadline.