Supplier Performance and Relationship Management
Suppliers are expected to deliver goods or render services in accordance with specifications and requirements stated in contractual terms and purchase orders. Halliburton also expects that all products and services will be delivered on time, by the stated delivery due dates.
Halliburton conducts periodic supplier performance reviews to ensure continuous improvement and adherence to contractually agreed upon pricing and performance standards. Corrective action plans may be developed to address shortcomings in performance.
Local Content and Supplier Diversity
Halliburton tailors sourcing efforts with local suppliers to reflect the governmental, cultural and economic development needs of each country in which we operate. The Company’s local Procurement teams focus on sourcing suppliers that can provide a strategic and competitive advantage to local operations while also growing the capacity and competency of national and local industry suppliers.
What defines these types of suppliers is not the same around the world. Halliburton recognizes these differences and models our efforts to reflect the governmental, cultural and economic development needs of each country in which we operate. In the United States, Halliburton focuses on the utilization of minority, women and small business enterprises (M/W/SBEs).
As a company, Halliburton is committed to providing safe, cost-effective services by leveraging our global network to deliver world-class services to our customers. Effectively managing the commodities purchased ensures delivery of the lowest total cost of acquisition of materials, equipment and services around the world.