Suppliers - Future Pharmaceutical Company




Suppliers.

Strategic Supplier Partnerships for Sustainable Pharmaceutical Excellence.


Background
Overview

Introduction
1. At Future Pharmaceutical Company (FPC), a leader in the development and manufacture of innovative human pharmaceuticals and dietary supplements, we recognize that sustainable success begins with robust supplier relationships. Our supply chain is not merely a logistical function but a strategic pillar grounded in scientific rigor, operational efficiency, regulatory compliance, and shared ethical values.
2. We engage with suppliers who contribute to our vision of global health impact, integrating innovation, quality, and sustainability. This page outlines our supplier engagement framework, offering clear guidelines and expectations that foster mutual growth, ensure product excellence, and align with international standards.

  • Suppliers are expected to demonstrate uncompromising compliance with international laws, anti-bribery frameworks, labor rights, and environmental stewardship. Alignment with Environmental, Social, and Governance (ESG) standards is mandatory across operations, including:
    • Ethical sourcing of raw materials
    • Environmental protection through waste reduction, energy efficiency, and responsible packaging
    • Community impact initiatives and local labor development
    • Transparent business practices
  • Suppliers should also actively support UN Global Compact principles, embedding these into their corporate responsibility agenda.
Declaration of principles
  • As a global pharmaceutical manufacturer, we uphold the German Supply Chain Due Diligence Act (LkSG) and related international directives. Suppliers are required to:
    • Conduct regular risk assessments for human rights and environmental violations
    • Establish grievance mechanisms
    • Implement preventive and corrective action plans
    • Maintain detailed documentation of compliance efforts
  • These steps are critical not only for legal conformity but also to safeguard brand integrity, investor confidence, and patient safety.
  • All partners must sign and comply with our Business Partner Code of Conduct, encompassing:
    • Compliance with local and international laws
    • Anti-corruption and anti-fraud commitments
    • Fair labor practices and equal opportunity employment
    • Workplace health and safety standards
    • Data protection and confidentiality
    • Non-discrimination and human dignity
  • Regular audits and self-assessments may be requested to validate adherence.
  • We require implementation of a certified Quality Management System (QMS) aligned with ISO 9001, ICH Q10, or equivalent standards. Key expectations include:
    • Batch traceability and process validation
    • Preventive quality control mechanisms
    • Documentation of SOPs, deviations, and CAPA (Corrective and Preventive Actions)
    • Ongoing staff training and performance reviews
  • Suppliers contributing to active pharmaceutical ingredients (APIs), excipients, or primary packaging must also comply with GMP and ICH Q7 guidelines.
Suppliers meeting or exceeding a cumulative annual procurement value of USD 100,000, or participating in specialized projects, are required to enter Strategic Supplier Framework Agreements. These agreements facilitate:
  • Clear definition of deliverables and service levels
  • Reduced transactional complexities
  • Agile risk management protocols
  • Long-term cost efficiency and value creation
  • In the absence of formal contracts, our General Terms and Conditions of Purchase shall govern all commercial relationships. These ensure:
    • Standardization in pricing, delivery schedules, and warranty terms
    • Legal protection against liabilities and non-compliance
    • Streamlined dispute resolution
  • All suppliers are advised to review and formally acknowledge these terms before commencing deliveries.
  • To promote operational agility and environmental responsibility, all invoices should be submitted:
    • Electronically in PDF format via designated email addresses
    • In accordance with relevant VAT and e-invoicing regulations
  • We are progressively migrating to machine-readable invoicing systems through our partner Basware, enhancing:
    • Real-time validation and tracking
    • Payment status transparency
    • Multi-entity support and tax compliance
  • To secure international trade and reduce exposure to financial risk, preferred payment methods include:
    • Irrevocable Letters of Credit (LCs) from Tier-1 international banks
    • Wire transfers under agreed-upon commercial terms
    • Milestone-based payments for project-based engagements
  • All financial transactions must align with global AML/CFT regulations, with full traceability.
  • Beyond transactional relationships, we actively seek suppliers who are committed to:
    • Co-development of new technologies, ingredients, or delivery systems
    • Joint participation in R&D initiatives and pilot programs
    • Digital transformation in manufacturing, supply chain visibility, and logistics
    • Strategic contributions to product lifecycle management
  • Such collaboration is particularly attractive to investors, as it drives innovation pipelines and accelerates time-to-market.
  • Interested vendors must apply for inclusion in our Supplier Register by submitting a formal application and company profile. Evaluation includes:
    • Technical capability and compliance history
    • Financial stability and supply capacity
    • ESG and corporate responsibility alignment
    • References and previous project performance
  • Approved suppliers are onboarded via a structured framework, ensuring system integration and readiness for scalable partnerships.

Conclusion
1. At FPC, we believe in empowering our suppliers as co-innovators in the mission to improve global health. Our supplier program is a cornerstone of our operational excellence, built on trust, transparency, and shared values.
2. By meeting our expectations and embracing collaborative innovation, suppliers become instrumental in delivering high-quality, compliant, and sustainable healthcare solutions. We invite you to join us in shaping the future of medicine—responsibly, scientifically, and together.

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