Supply Chain
MODEC Supply Chain is a global organization with more than 200 professionals aim to source, procure and deliver best equipment, materials and services to our assets across the globe, performing our activity environmentally and socially responsible.
We qualify suppliers through a standard prequalification process, evaluate the suppliers on Life Cycle Value of the equipment and select suitable suppliers and contractors for MODEC. We partner with suppliers to introduce new technologies and solutions for FPSO. We partner with contractors for various fabrication and integration activities.
We currently work with over 8,000 suppliers and contractors across the globe. We aim to build a robust supply chain network through fair and equitable transactions, and nurture close communications with our suppliers and contractors.
Supplier Relationship Management
MODEC aims to build strategic relationship with our key suppliers and contractors. MODEC utilizes digital tools to collaborate with our suppliers. Our sourcing events are managed on SAP platforms.
MODEC evaluates and selects suppliers based on pre-established criteria, including but not limited to:
- Technical competency for delivery in line with specification requirements
- Capability to deliver the scope of work safely
- Ability to act in accordance with MODEC expectations on suppliers
- Financial capability
We believe in strengthening our relationships with our supply chain through robust performance management and providing regular feedback on the executed sco
pe for continuous improvement.
Supplier Registration
In our mission to deliver and safely operate high-quality, innovative floating solutions for the offshore industry, we partner with suppliers and contractors to introduce new technologies and solutions for our assets. Procurement qualifies potential suppliers and contractors through a standard prequalification process by evaluating supplier’s Technical Capability, Quality, Safety, Financial health, Commercial and Compliance.
Suppliers and contractors willing to work with MODEC can register their expression of interest here Supplier Registration.
Upon receiving your request, MODEC representative will thoroughly review your company’s profile and may reach out to you for further documentation requirements for a detailed review. In this process, MODEC shall obtain information regarding your company’s core categories of supply of goods and services along with financial information and all relevant supporting documents. Your company’s offered goods and services, and country of operation shall govern the criticality level assigned by MODEC. This criticality level shall directly impact the number of requirements your company will be subject to for the qualification.
Upon a satisfactory review of the submitted documents your company shall be registered with MODEC. It is important to note that the business entity registered will be the only entity that is qualified to supply to MODEC and all transactions (Purchase orders, Work orders, any other form of agreements and Invoices) hall be done to that particular entity only.
MODEC Expectation on Suppliers
In accordance with MODEC General Business Principles and Group Code of Conduct, we seek to work with suppliers and contractors who contribute to sustainable development and are economically, environmentally and socially responsible.
We take pride in our MODEC way and put strong emphasis on Ethics, Compliance and Modern Slavery/Human Rights policy. In line with our values, we work with our supply chain to continuously monitor such risks and improve processes and practices to uphold these principles and values.
MODEC will not condone or tolerate any instance of unethical or unlawful behavior. Further information on MODEC expectations on suppliers and contractors can be found in Code of Business Conduct and Ethics (CODE).
MODEC welcomes any questions, comments or suggestions that you may have about us.
Please send your inquiry through the inquiry form.