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Supply Chain Management

WDP - SUPPLY CHAIN MANAGEMENT

SUPPLY CHAIN MANAGEMENT STRATEGY When selecting external partners, WDP envisages a long-term partnership rather than a single time cooperation. By doing so WDP is establishing a long-lasting collaboration which e.g. enables to keep a newly built warehouse in good shape during the life time of the building, to maintain a high-standard customer service and to promote continuous exchange of knowledge and best practices. WDP opts for partners with the relevant experience (e.g. construction partners which are familiar with the logistic development sector, exist already since a long time and have a solid track record). Furthermore WDP selects those partners capable of providing the (legally) necessary guarantees on the level of product or construction liability (e.g. 10 years construction warranty) as well as financial guarantees. WDP selects the financially and operationally sound suppliers. And last but not least, potential partners are screened in advance, not only from a financial point of view, but also on their activities, quality, reputation and track record in terms of operations, clients, activities, safety regulations and corporate social responsibility.

IDENTIFICATION OF ‘CRITICAL’ SUPPLIERS PROCESS 2020/2021 WDP performed a formal critical supplier identification at the end of 2020, amongst others with a view on the implementation of the new Supplier Code of Conduct. WDP has taken a pragmatic approach for identifying its critical tier 1-suppliers and we have chosen not to create any further sub-groups (and for the record, for the moment we do not define our tier 2 suppliers). This approach may be finetuned in the next coming years and the supplier identification process may therefore evolve in the long run. WDP applied the following parameters on our complete list of suppliers:

Supply Chain Management - Critical suppliers | 1