SUPPLIER REGISTRATION PROCESS

If you are interested in becoming a Wachovia supplier, simply complete our Supplier Registration form. When you register, your company is added to our Global Supply Chain/Supplier Diversity Supplier Database. The Supplier Database is used to identify potential suppliers who may be invited to participate in Wachovia's sourcing/bid selection process. Browse the topics below to learn more.

What We Look For
The Registration Process
Supplier Evaluation and Selection

What We Look For

Cost is always a major factor in making a best-value decision, however, value creation and satisfying functional, technical, and other requirements, including those listed below, are our primary and most critical considerations. When selecting suppliers, we look for:

• Continued and measured value creation throughout the business relationship
• Creative and innovative solutions, and efficient service
• Industry reputation and experience
• Demonstrated quality program
• Commitment to confidentiality
• Adherence to privacy and established security standards
• Appropriate types and limits of insurance
• Technological capabilities (EDI, eCommerce, automated tracking/reporting, etc.)
• Cost control systems

The Registration Process

To become a Wachovia supplier, you must:

1. Complete the Supplier Registration Form and email any brochures or marketing material to sourcing.now@wachovia.com after submitting the completed form.
2. Your application and promotional material will be entered in our supplier database.
3. When a sourcing event is initiated that your company could potentially fit, your supplier application will be given consideration for the current and/or future opportunity.

You may wish to follow-up occasionally to find out about upcoming opportunities, or let us know if you have additional products or services to offer. Refer to the Contact Us section for information on how to reach us.

Supplier Evaluation and Selection

Supplier relationships are established through a fair and competitive selection process managed by Wachovia’s Global Supply Chain, in partnership with Wachovia’s Supplier Diversity Group. This process is designed to ensure optimum quality, service, and value for Wachovia, its customers, and suppliers.

These are the selection process steps Wachovia uses to establish supplier relationships:

Phase I:  Opportunity Assessment

• Wachovia identifies a business need
• Wachovia develops the requirements definition
• Wachovia performs a market analysis
• Wachovia determines sourcing strategy

Phase II:  Solicitation/Preliminary Evaluation of Supplier Proposals

• Wachovia develops the supplier list
• Wachovia develops a RFx (Request for Proposal, Request for Quotation or Bid)
• Wachovia issues RFx, including Wachovia's standard contract terms, to invited suppliers
• Supplier prepares and submits proposal in compliance with Wachovia contract terms
• Wachovia receives and evaluates supplier proposals
• Wachovia develops short list

Phase III:  Selection and Award

• Wachovia performs due diligence and preliminary negotiation (this may include supplier presentation and/or visit to supplier's site)
• Wachovia finalizes and documents negotiated business and legal terms (contract)
• Wachovia conducts internal recommendation and review
• Wachovia approves final contract transaction and submits to supplier for acceptance
• Wachovia and supplier execute mutually agreed upon contract document, and award is made
• Wachovia and supplier implement executed contract

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