Suppliers and Subcontractors

While providing equal business opportunities, suppliers and subcontractors are selected from around the world, based on the principle of open competition.

Saipem has developed a Vendor Management process to evaluate the reliability of vendors (both suppliers and subcontractors) in terms of their technical, financial and organizational capabilities.
Vendor management process includes:

• a fair and structured approach to qualification,
• the compliance with laws, Saipem Code of Ethics and commercial obligations,
• the monitoring of suppliers’ performance.

Saipem’s Vendor qualification process is graded on the basis of criticality and risk level of products and services. The criteria used for selecting suppliers and subcontractors include not only their capability to meet economic, financial, technical and organizational requirements, but also include compliance with Saipem Sustainability, HSE Policies and standards/procedures. The requirements are verified by means of a questionnaire, additional technical documents and also by assessment visits in case of critical and important supplies.
Monitoring and control of suppliers’ performance is a valuable and constant process for Saipem's success and it is achieved through Vendor Feedback process. This process covers every phase of the relationship with vendors, such as bid, order management and execution, and the characteristics of the relationship, for example, punctuality, quality and behaviour.
All Vendor Management activities are focused on the improvement and development of suppliers and subcontractors.

Saipem has also implemented a dedicated approach to high impact products and services through Strategic Sourcing.

In order to support the global procurement process and improve its capability to find new markets and guarantee more sourcing opportunities to the Group, Saipem is strongly committed to identifying and exploring new sources of supply in the emerging countries. For this purpose, new organisational structure and processes have been developed; for instance the procurement departments based in China and India have been identified as Sourcing Centers. These specialized procurement departments perform local market scouting and support Saipem projects all over the world, ensuring an interface with local business opportunities for all purchasing activities.