PROCUREMENT CYCLE & REQUIREMENTS

Supplier identification and pre-on boarding Tendering process

PO enablement Receiving and acknowledging a PO

Transportation requirements Shipping notices

Invoicing requirements Track payment

Procurement is conducted to provide existing and potential suppliers the same opportunity to compete openly and fully through Sourcing events.
Awarded suppliers are notified of a request for delivery of products or services via a Purchase Order (PO). The Purchase Order is the primary purchasing methods employed by J&F OIL AND GAS. No goods or services shall be supplied without a valid and pre-approved J&F OIL AND GAS Purchase Order, indicating types, quantities, and agreed prices for the products or services.
Suppliers should request a valid PO prior to delivering goods or services or submitting an invoice. J&F OIL AND GAS reserves the right to reject an invoice without a valid PO.
Advantages of adopting the Purchase Order Process are:

The approval process tied to our Purchase Order process gives Suppliers an assurance that the order has been approved by J&F OIL AND GAS.

An approved document minimizes the likelihood of queries, disputes and possible legal consequences.

It also ensures that Suppliers receive all the necessary information which shall be included in the invoice to minimize the risk of extra administration and payment delays.

Reception and processing of invoices are made easier when a Purchase Order number is provided, enabling the original order to be found quickly, and the receipt compared (3-way match).

Throughout the Source-to-Pay process, we utilize digital capabilities to exchange documents and information with suppliers as well as to monitor compliance. Suppliers are expected to fully adopt the digital solutions as indicated by J&F OIL AND GAS.

The energy industry is changing, and our vision is to define and drive high performance, sustainably.
J&F OIL AND GAS is committed to operating ethically and in an environmentally, economically and socially responsible manner. This commitment is fully articulated in The Blue Print in Action and Our Code of Conduct. J&F OIL AND GAS is also committed to conducting business in a manner that preserves and respects human dignity. These commitments are fully articulated in our Human Rights Position Statement. We seek to apply these commitments across all J&F OIL AND GAS business activities and supply chain, including suppliers, contractors and labor agents.
To ensure the respect of human rights and the progression of sustainable development, J&F OIL AND GAS has aligned its Global Stewardship program with the Sustainable Development Goals (“SDGs”) of the United Nations. J&F OIL AND GAS takes consideration in sourcing decisions of the positive and negative impacts we can have on a range of issues covered by the SDGs.