Wherever Rio Tinto operates, it is strategically important that we have a secure, sustainable and internationally-competitive supply chain. Rio Tinto Procurement is set up to leverage the global buying power of one of the world's leading mining and metals companies. At the same time, we maintain the flexibility and agility necessary to support the needs of individual product groups and business units, and the economic development of communities in which we operate.
By seeking a balance of global, national and local supply capability we are able to work with Rio Tinto businesses to reduce their total cost of ownership for procured goods and services. We also deliver security of supply to their operations while helping to extend our licence to operate.
We are able to respond to the short and long-term needs of the business because we know it inside out. We've got people on the ground in over 40 locations across five continents, including increasing numbers in emerging economies.
We are committed to building relationships with our internal customers, suppliers and partners to explore opportunities for continuous improvement and sustainable cost efficiencies. We are also committed to conducting multi-tier reviews of our vendor supply chains where potential risks exist.
Rio Tinto Procurement is on a journey to automate where appropriate and to use technology to drive our efficiency.
We like to work with those who can help us make all of these things happen.