Supplier Relations
Aflac is committed to successfully meeting our obligations to stockholders, customers, employees, suppliers, and diverse communities to effectively manage corporate resources. Aflac has stringent business governance processes in place to ensure success at all operational levels.
Our procurement objectives:
- Procure products and services that meet or exceed quality specifications at the lowest cost.
- Manage corporate expenditures while maximizing return on investment.
- Constantly strive for cost improvements.
- Ensure that Aflac employees conduct all business transactions in an ethical and professional manner.
We expect our suppliers to respond promptly and accurately to all business interactions; honor and meet contractual obligations; strictly conform to all Aflac policies concerning conduct with our employees; and ensure that all information regarding the business relationship between suppliers and Aflac is proprietary and confidential.
Our Commitment to Supplier Diversity
Aflac understands the importance of a diverse supplier base to optimize the performance of corporate operations by obtaining the best value from product and service procurement activity. The business case for supplier diversity is clear but our commitment also recognizes the importance of supporting the quest for economic prosperity in our diverse communities.
We have a long and outstanding history of providing business opportunities for minority and women-owned companies. Our mission is to continue to develop processes and procedures that provide efficient and accountable supplier access to potential business opportunities.
Developing mutually beneficial business relationships with minority and women-owned companies as primary suppliers is our fundamental objective. We also encourage our primary suppliers to actively provide second-tier opportunities that support our supplier diversity initiative.
Aflac is ready to provide opportunities for business development for an inclusive business community environment. We will constantly strive to be a major force supporting the economic success of the evolving diverse supplier landscape.
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