At New York Life, we strive to provide the highest quality products and services, at the lowest costs, to all of our internal and external customers. We firmly believe that having a broad field of qualified suppliers brings a wider range of viewpoints and ideas – and ultimately, adds value to our organization. As part of our centralized purchasing process, we diligently seek out certified diverse businesses to ensure they are afforded maximum opportunities to participate in all of our procurement processes. We also communicate this policy to our primary suppliers and encourage them to subcontract with certified diverse suppliers.
When you seek to do business with New York Life, you can be certain that:
- All our requirements and/or specifications will be clearly communicated.
- The same expectations and business standards will be applied uniformly to all suppliers competing for our business.
- Contracts will be awarded after a rigorous and competitive bidding process to those suppliers who offer cost-effective solutions and best overall value.
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