All prospective and existing suppliers have an obligation to conduct business in a manner that fosters and maintains the trust of their Prudential partners and the general public. Failure to comply with business conduct standards can disqualify any prospective or current supplier from doing business with Prudential.
Our procurement professionals are governed by the following principles:
Never be satisfied with anything less than optimal levels of quality, price, responsiveness, innovation and teamwork.
Our procurement professionals are governed by the following principles:
Act with Integrity
- Base contract awards strictly on suitability, quality, service, price and efficiency;
- Ensure both Prudential and its suppliers keep the intent and spirit of agreements;
- Build long-term relationships based on trust, honesty and candor;
- Never compromise Prudential's best interest in the pursuit of short- term or business group interests;
- Never promise what cannot be delivered;
- Never take advantage of your position within Prudential to receive personal goods or services from a third party at rates not generally available to the public;
- Never allow personal interests and activities with suppliers to conflict or appear to conflict with Prudential’s ethical principles and activities.
Promote Teamwork
- Commit to cross-functional team participation, which results in better procurement decisions, and smoother, faster implementation.
- Promote positive relationships and win-win situations based on what is right, not simply on what is expedient.
Show Initiative and Urgency
- Actively seek to understand suppliers’ point of view, facilitate communication at all levels and functions.
- Be driven by a sense of urgency and dedication to the ever-increasing effectiveness of Procurement and constantly improving supplier performance.
- Keep commitments. Concentrate on value.
Accept the Best
Never be satisfied with anything less than optimal levels of quality, price, responsiveness, innovation and teamwork.