SOCIAL
BASIC APPROACH
The Noritsu Koki Group values relationships of mutual understanding and trust with its suppliers, including vendors and contract manufacturers. We aim for mutual growth as business partners while working to build healthy supply chains that are environmentally and socially sustainable. In July 2022, we established the Noritsu Koki Group Procurement Policy, which outlines the items we believe are critical for achieving our goals, and are working to make sure our suppliers are aware of and understand the policy. Through procurement based on this policy, we will reduce risks in the supply chain and work with suppliers to realize both a sustainable society and business growth.
INITIATIVES
MAJOR PROGRESS
- Informed all key suppliers about the Group procurement policy
- Conducted supply chain audits of contract manufacturers through a quality audit framework
- Conducted human rights risk evaluation
In 2023, we set and achieved the goal of informing all key suppliers about our procurement policy. During the period of informing suppliers, we established a system, including the setting up of a dedicated contact point, for receiving questions and feedback about the procurement policy from suppliers, and Group companies informed suppliers while working together with them. We conducted supply chain audits of contract manufacturers that partially covered the procurement policy through a quality audit framework. The procurement and purchasing departments of Group companies took the lead in conducting risk assessments of suppliers with respect to human rights issues (visit Respecting Human Rights for details). Looking ahead, we plan to further strengthen supply chain management by formulating procurement guidelines and creating a system for ensuring compliance with them.