AwanBiru Technology Berhad - Annual Report 2021

Guided by our Procurement Policy, we continue to practice good procurement practices by assessing all new vendors and suppliers through a holistic evaluation process of quality, integrity, service delivery and product value, with considerations on ESG concerns taken into account as well. Driven by our commitment to empower the local economy and to ensure a steady stream of supply, Awantec prioritises local vendors and suppliers in its sourcing processes. In the financial year under review, we have registered: We have also carried on with our practice of annual Vendor Performance Review where our active vendors with purchase value over RM2,000 are rated and evaluated based on set criteria: 96 New Local Vendors 10 New International Vendors Quality Meets Specification Quantity Meets Specification Delivery Timelines Adequate Equipment and Stock Technical Competency Responsiveness Vendor Accessibility Working Relationship Accuracy and Completeness of Documentation Compliance with Contract/LOA/Terms 1 2 3 4 5 6 7 8 9 10 Principle 5: Governance to Drive Compliance and Best Practices A total of 115 of our active vendors were rated and evaluated via the VPR for the financial year under review. Out of the 100% of the vendors assessed, we have retained 99.1% of them, and deemed the other 0.9% as to be terminated due to their poor performance. Out of 99.1% vendors that have been retained, 69.6% of them have performed well, and were rated ‘Excellent’, while 27.8% have met our expectations and were rated ‘Good’, leaving 1.7% of them rated as ‘Acceptable’ and will be placed under our close monitoring in terms of their future performances. 115 Active Vendors Retained To be Terminated 99.1% 0.9% 99.1% Retained Vendors Excellent Good Acceptable 27.8% 1.7% 69.6% Awantec | Sustainability 78 Annual Report 2021