1. Purpose

This policy establishes the principles that guide procurement activities at Lubona Meat Products Limited and promotes transparency, accountability, fairness and value for money.
 

2. Scope

This policy applies to the procurement of goods, works and services undertaken by the Company.
 

3. Procurement Principles

All procurement activities shall be conducted in a fair, transparent, ethical and competitive manner while ensuring value for money and compliance with applicable laws and regulations.
 

4. Supplier Relationships

The Company is committed to maintaining professional and mutually beneficial relationships with suppliers based on integrity, respect and performance.
 

5. Ethical Conduct

Employees involved in procurement shall avoid conflicts of interest, bribery, corruption and any conduct that may compromise the integrity of the procurement process.
 

6. Sustainability

Where practical, the Company will consider environmental, social and economic factors in procurement decisions.
 

7. Compliance

All procurement activities shall comply with Company policies, contractual obligations and relevant legal requirements.
 

8. Policy Review

This policy shall be reviewed periodically to ensure continued relevance and effectiveness.