At OTE Group we recognize that the diffusion of core values and standards in the supply chain is an important feature of responsible business conduct.
For years, OTE Group has been pursuing a Common Procurement Policy, which sets out all the terms and conditions under which procurement is made. The main objectives of the Procurement Policy are:
- Optimizing added value in terms of cost, quality and time
- Ensuring transparency
- Complying with DT's International Procurement Policy
The Common Procurement Policy followed by the Group does not distinguish between local and non-local suppliers. Our main aim is to reimburse our suppliers, as defined in their procurement contracts, in due time. For 2023, the payment time ranged from 0 to 120 days, depending on the type and value of the procurement.
The way in which OTE and COSMOTE suppliers are managed is summarized in the chart below: