Board Procurement Committee
The Board Procurement Committee oversees all procurement processes, vendor management activities, and cost optimization initiatives across FCJ operations.
Committee Members
Committee Overview
This committee ensures transparent, competitive, and cost-effective acquisition of goods and services while maintaining the highest standards of integrity and regulatory compliance in all procurement activities.
Key Responsibilities
Procurement Strategy
- Strategic sourcing planning
- Procurement policy development
- Supplier diversity initiatives
- Market analysis and research
- Cost reduction strategies
Vendor Management
- Vendor selection and evaluation
- Contract negotiation oversight
- Performance monitoring
- Relationship management
- Dispute resolution
Compliance & Governance
- Regulatory compliance monitoring
- Procurement audit oversight
- Ethics and integrity standards
- Risk assessment and mitigation
- Documentation and reporting
Committee Structure & Governance
Committee Composition
- Committee Chairman
- Procurement Director
- Board Members
- Legal Advisor
Meeting Schedule
- Monthly Reviews
- Tender Evaluations
- Vendor Assessments
- Compliance Audits
2025 Strategic Focus Areas
Cost Optimization
Reducing procurement costs
Vendor Quality
Ensuring supplier excellence
Process Efficiency
Streamlining procurement
Risk Management
Mitigating supply risks