Procurement/Tendering > Engagement Process Contracting and Standards Overview Engagement Process Preferential Procurement Policy Contact us   Supplier engagement procedure Procedure statement Standard Bank will actively facilitate the creation, support and development of its suppliers of goods and services. Procedure The supplier approaches Supplier Management to be registered on the supplier database The supplier is requested to send a copy of a company profile to the supplier analyst, preferably an electronic copy The company profile is marketed amongst the specific commodity unit to review and to source for opportunities If there is an opportunity for the supplier, commodity unit will follow the appropriate purchasing mechanism. If there is no opportunity available immediately, on advice by Supplier Management, the responsibility is left with the supplier to market its operation in future Yes, there is an opportunity, follow this process Supplier forms are submitted to the supplier by the supplier analyst Supplier completes all sections of the supplier forms Supplier forms along with requested documents are submitted to Supply Management The supplier forms are evaluated and reviewed by the supplier analyst. The supplier analyst may contact the supplier for more information if it is required The forms are signed and authorised by the Supplier Development and BEE Manager, classified and processed through to Vendor Management Vendor Management confirms banking details and vat registration numbers and has the supplier loaded as a vendor on the SAP R/3 database. The supplier is an approved supplier to the bank. (Supplier Management maintains the database), ensures the development of the supplier and tracks changes on BEE status Additional information required A company's profile should include: Company and contact details Products and services being provided Shareholding . Supplier forms are divided into three sections Company information Financial information Shareholding and control details. Section 1 - Company information Account Information Purchase order communictaion Vat and tax numbers Banking Details Contact details of the account manager An email address is stringent to be loaded on the purchase order system   Verified bank account details.A copy of an original cancelled cheque or a certified cancelled cheque Section 2 Three years financials as per the supplier forms is important to determine financial stability. If it is a fairly new company, other information is taken into account, for an example, technical ability Section 3 An Empowerdex or Empowerlogic rating will be accepted to determine the BEE status of the supplier, or A letter from their auditor verifying the following details The percentage of legal ownership with voting rights and quantifiable economic benefit The percentage of control reflected by Black South Africans board representation and executive management. (Black means: African, Indian, and Coloured) This information is stringent to classify our suppliers as per the Financial Sector Charter.   Disclaimer | Conditions of access | Privacy and security statement