Message from Global Procurement
Teva Global Procurement operates with the purpose to deliver sustainable value to Teva. Through best-in-class procurement processes, solutions, and internal and external collaborations, we ensure uninterrupted supply of goods and services against optimal total costs.
Teva Global Procurement manages $7B in annual spend globally, divided across the categories of Direct Materials, Manufacturing Goods & Services, Indirect and Third Party Operations. This is achieved via global category management teams, sourcing operations centers and local execution by country procurement organizations.
Our aim is to be recognized internally and externally as the most effective, efficient and compliant procurement organization in the generics and biopharmaceutical industry.
Teva Global Procurement is continuously looking for new partnerships that can bring better performance and innovation in products and processes. The group supports Teva to develop, manufacture, sell and deliver essential medicines to millions of patients worldwide.
We promote compliance, ethics and transparency, protecting the environment, improving sustainability, ensuring patient safety, and engaging and supporting our people.
Teva has a comprehensive ESG strategy that supports our commitment to the long-term sustainability and resilience of our company. We promote responsible practices internally and externally, driving ESG improvements across all our business functions, our supply chain, our production and our products.
Teva expects that our suppliers of goods and/or services, regardless of their size and industry sector, commit to the elements of our Responsible Supply Chain Position and ESG Program described in more detail in Teva’s 1st ESG Toolkit for Suppliers:
For any questions regarding the expectations set forth in Teva’s 1st ESG Toolkit for Suppliers, contact us at SustainableProcurement@Tevapharm.com
Please refer to the Supplier FAQs provided below for general information describing how to work with Teva. If you have additional questions, please contact GlobalProcurement@tevapharm.com
Teva Pharmaceutical Industries Ltd (hereinafter “Teva”), maintains high standards for conducting its business in an ethical manner and in accordance with all governmental and industry standards, laws, rules and regulations, as well as Teva’s internal policies. Teva expects the same commitment from its suppliers.
Teva has a comprehensive Environmental, Social and Governance (ESG) strategy, focusing on areas viewed as critical to our business and stakeholders. Suppliers shall be familiar with Teva's 2030 ESG goals (available through our ESG program website) and support Teva in achieving them.
This Supplier Code of Conduct specifies the primary principles and expectations Teva requires of suppliers and vendors that have or wish to establish and maintain a business relationship with Teva. It also contains hyperlinks to Teva policies and positions that apply to Teva suppliers.
Contact a Teva representative with any questions regarding the principles and expectations set forth in this Supplier Code of Conduct via TevaSupplierCodeofConduct@tevapharm.com
The following applies to all goods and services procured by Teva from Third Party Suppliers:
As an alternative to the use of Purchase Orders for certain types of low-dollar, high-frequency purchases, dedicated Teva staff members have been issued Teva purchasing credit cards (P-Cards). The P-Card is limited to certain categories of purchases and to a limited number of approved suppliers. The benefits of this program are lower transactional costs and faster payment to our suppliers. For more information, reach out to your Teva Contact.
Teva's payment terms are subject to applicable local law and in line with Industry standards.
Invoices are paid according to the agreed payment term counted from the day of receipt of the valid invoice and required documentation at Teva's Accounts Payable Department. In general payments are made in predetermined monthly payment run dates; actual payment is made on the prescheduled payment run date immediately after the due date.
Teva has partnered with two financial institutions to provide suppliers the option of receiving full payment on invoices before they are due, at a certain cost. This supplier-financing program is available for our US suppliers through AMEX. For Europe suppliers we have engaged with BNP. Currently the BNP program is available in Germany, Croatia, Netherlands, Hungary, and Ireland.
For more information on AMEX BIP program contact TEVABIP.Program@tevapharm.com and for BNP Program contact: csc-welcome@bnpparibas.com.
All US based suppliers must read, understand and follow the Teva 3rd Party Travel & Expense Reimbursement Guidelines.
Key tenets are:
All non-US based suppliers should follow the above guidelines with the exception of use of the Teva Designated Travel Agency. All travel may be booked through the supplier’s own Travel Agency.
Any questions regarding the above should be directed to GlobalTravelOperations@tevapharm.com
Teva values inclusion & diversity and embraces it in all aspects of its business — from Teva’s workforce, to external partners, to engagement in the community.
Teva’s external partners include an important stakeholder group: Teva suppliers. Teva is committed to growing and developing successful business relationships with a diverse supplier base that can support Teva’s business objectives.
Teva understands that a well-developed supplier diversity program can be a catalyst for stronger innovation and growth. Recognizing this, Teva is taking a strategic approach to proactively integrate diverse suppliers into its business, focused initially in the U.S.
Teva’s program provides opportunities for the following qualified diverse businesses:
* Teva accepts businesses certified by third party agencies including the SBA, NMSDC, WBENC, NGLCC, and Disability: IN.
** Teva will accept certified & self-certified businesses.
For additional information about Teva’s program or eligibility requirements, please contact Supplierdiversity@tevapharm.com
If you are a U.S.-based supplier and wish to register for consideration as a supplier for Teva, please visit our registration site teva.quantumsds.com to complete and submit your registration. Teva reserves the right to respond or not respond to your registration, as Teva in its sole discretion deems appropriate. However, when the need for a product or service arises, Teva may contact you should your company's product or service offering match Teva’s need.
Please note: Submitting your company profile and completing Teva’s registration form does not automatically place your company on a "bidder's list", constitute approval of your company as a Teva supplier, or obligate Teva to solicit a request for quotation from your company.
By registering your company at teva.quantumsds.com, you acknowledge that you may receive email or other forms of communication from Teva regarding supplier opportunities and related matters.
Should you experience any technical issues, please contact Quantum for support at support@quantumsds.com or call (844) 717-8815.