# SUPPLIER MANAGEMENT ### SOURCING At Colt, we are committed to conducting all sourcing activities with the highest standards of ethics and fairness. We believe in fostering transparent and equitable relationships with our suppliers. To ensure this, our sourcing strategy includes - at least two quotes being required before making any supplier selection ( including tail Suppliers ) to a full RFP for large strategic initiatives. This practice not only promotes competitive pricing but also helps us maintain integrity and accountability in our procurement processes. By adhering to these principles, we aim to build a sustainable and trustworthy supply chain that benefits all stakeholders involved. ### ONBOARDING Colt seeks to works with suppliers that align with our values, and we strive to work with our suppliers to provide innovative solutions in a sustainable and ethical way. All suppliers working with Colt must comply with our policies and requirements and these are defined in our Code of Conduct. The acceptance of our NDA is mandatory. Depending on the service, every potential supplier will have to complete questionnaires to guarantee that they meet our business needs and expectations. In 2025, Colt will move the onboarding process into Ariba SLP, enabling a more seamless experience. ### MANAGING Once onboarded, we are regularly reviewing suppliers: #### **DUE DILIGENCE** * Financial checks are done annually * VRM (Vendor Risk Management) assessments will be done as part of contract renewal * Regular reviews of suppliers that manage a high number of personal records, where a yearly Data Protection Audit will be required #### **CONTRACT REVIEW** * As part of contract renewals, Colt will check and update any new legal amendments that need to be added to the new agreement #### **REVIEW MEETINGS** * For strategic suppliers Colt performs recurrent business review meetings to assess the overall partner relationship --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.colt.net/suppliers/supplier-portal/supplier-management.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.