Our Supply Chain Management

Medico Partners Limited has consistently maintained robust and healthy supply chains with our subcontractors, ensuring the successful performance of contracts. While we are not a signatory of the UK Prompt Payment Code, our commitment to ethical business practices includes prompt payments to our suppliers, typically within a 30-60 day timeframe.

Key Elements of Our Supply Chain Management:

  1. Transparent Communication:

    • Clear communication channels are established with subcontractors, outlining expectations, timelines, and deliverables from the commencement of the contract.
  2. Performance Monitoring:

    • Implementation of comprehensive tracking systems to monitor the performance of subcontractors throughout the contract duration.
    • Regular performance reviews and feedback sessions to address challenges promptly and enhance collaboration.
  3. Prompt Payment:

    • Our commitment to prompt payment is a cornerstone of our supply chain management strategy. Suppliers typically receive payments within 30-60 days of invoicing.
    • While not signatories of the UK Prompt Payment Code, we adhere to similar principles to ensure fair and timely remuneration.
  4. Ethical Business Practices:

    • Medico Partners Limited is dedicated to upholding ethical standards in our supply chain relationships, ensuring equitable treatment and fostering long-term partnerships.
  5. Equitable Contract Terms:

    • We establish fair and equitable contract terms with subcontractors, considering factors such as payment schedules, deliverables, and performance metrics.
  6. Performance Metrics:

    • Implementation of performance metrics and key performance indicators (KPIs) to assess the efficiency and effectiveness of subcontractors.
    • Regular reviews based on these metrics to identify areas for improvement and optimization.

Continuous Improvement:

  • Actively seeking feedback from subcontractors to identify areas for improvement in our supply chain management processes.
  • Regularly reviewing and updating our systems and practices to align with evolving industry standards and best practices.

Conclusion: Medico Partners Limited’s commitment to maintaining healthy supply chains is evident through transparent communication, diligent performance monitoring, prompt payment practices, and adherence to ethical conduct. While not a signatory of the UK Prompt Payment Code, our approach aligns with similar principles, ensuring fair and timely remuneration to subcontractors and fostering strong, collaborative relationships.

This website uses cookies. Cookies remember you so we can give you a better online experience. Learn more I accept I decline