Purchasing and procurement
By following the UN Principles for Sustainable Business, we set up guidelines that apply to purchases and procurements that Flexrent makes.
In purchasing and procurement, the economic, social and environmental aspects must be weighed together before each decision. The goal is for Flexrent to conduct efficient, cost-conscious and sustainable procurement, which is clear and known to all of Flexrent's operations.
This objective shall facilitate decisions where conflicts of objectives arise when economic, social and environmental aspects are to be weighed together. As a general rule, these aspects must be weighed equally before a decision. In the event of goal conflicts between these, however, the cost may be indicative as long as it is compatible with Swedish law and follows the 17 principles of sustainable business.
When purchasing and procurement, it is important to look at the big picture.
Flexrent wants to be a good and reliable player that many people want to do business with. Therefore, it is important to create good relationships with suppliers, especially in the case of larger agreements. In addition to the ambition of long-term agreements and cooperation with proven suppliers, the agreements must be opened up to competition after they expire. This competitive tendering and new procurement shall aim to find potential for reduced costs, increased quality and/or to place higher demands on suppliers.
If it is unfair, i.e. when there is no alternative supplier or when the existing supplier is considered to be the best for commercial reasons, a new procurement does not need to be carried out and the contract can be extended.
In cases where Flexrent's customer specifically orders and prescribes a certain material, based on their own requirements, Flexrent must accommodate the purchase.
However, Flexrent is responsible for cooperating with reliable operators that conduct their business in accordance with applicable legislation and adhere to the UN's 17 principles for global business.
Today, Flexrent has an established number of suppliers in Europe for the purchase of various materials, which we have good confidence in. Many factors play a role in a purchasing decision, such as cost, quality, delivery time, terms and previous relationships with suppliers.
The product's environmental impact is another important factor and Flexrent always chooses to primarily purchase products that are environmentally assessed.
It is important to us that the UN's Universal Declaration of Human Rights and the Convention on the Rights of the Child are also followed by our suppliers.
We demand that our suppliers comply with the UN Child Rights Principles and that ILO conventions on workers' rights are fulfilled by all suppliers. When selecting and assessing external suppliers, Flexrent uses criteria based on various sustainability aspects.
We have an approval list of our largest and most important suppliers.