Secure Acquisition and Procurement Policy

Description

Secure Procurement and Acquisition Policy establishes a robust framework that safeguards our organization against potential risks, protects sensitive data, and ensures transparency and accountability. This policy is designed to provide a roadmap for all stakeholders involved in procurement, including staff, vendors, and contractors, emphasizing the importance of security and ethical business practices. The policy encompasses a range of key objectives and components that guide our approach to secure acquisition and procurement. It outlines rigorous vendor selection criteria, due diligence procedures, and risk assessment methodologies to evaluate potential suppliers thoroughly. It sets forth guidelines for maintaining data privacy, intellectual property protection, and confidentiality throughout the procurement process. Ongoing monitoring and evaluation of vendor performance are integral to this policy, helping to maintain long-term, trusted relationships with suppliers.