After careful preparation in the early stage, on January 4, Yutong's 2020 framework agreement procurement work was officially launched.
In order to further improve the quality of material supply, to establish a stable and excellent strategic cooperation supplier team to ensure the smooth progress of the procurement of non-collected materials, the company will follow the principles of "evaluation elimination, qualified renewal, and additional supplements". This year's framework agreement procurement is divided into three phases: renewal negotiations, commercial negotiations for newly added bids, and public bidding. From January 4th to January 11th, Yutong Company will conduct renewal business negotiations with suppliers involved in 90 bids that pass the year-end assessment of the 2019 framework agreement, focusing on the brands and prices existing in the 2019 agreement process. Issues, and continue to sign 2020 framework agreements with suppliers that meet renewal requirements. On January 13-14, conduct business negotiations with the bidders that need to be added in the actual use process to determine the cooperation relationship in 2020. In addition, in order to further broaden the procurement channels and achieve "sunshine procurement", the company has approved business negotiations with the domestic well-known industrial product e-commerce platform supplier after being approved by Shaanxi Coal Group. The remaining bids will be determined through the final public bidding.
This annual framework agreement procurement will continue to consolidate the achievements of the "cloud reserve" construction and lay a solid foundation for ensuring the production needs of all users in the future.