Procurement
Securing a sustainable supply chain is one of the most pressing management issues for JUKI, a company that conducts business worldwide. We communicate the basic JUKI philosophy to suppliers and work with customers who share our vision to achieve coexistence and co-prosperity throughout the supply chain by responding to the demands of society.
And to promote collaboration and build new alliances with JUKI’s supply chain partners and businesses that create value, we announced our “Partnership Building Declaration” in December 2024.
Basic Policies for Procurement Activities
The global procurement policies of the JUKI Group place high priority on “Compliance with laws and regulations,” “Coexistence and co-prosperity,” and “Fair and equitable evaluation and selection” with suppliers.
Compliance with laws and regulations
We conduct our global procurement activities in compliance with the regulatory requirements and standards governing safety and health, global environmental protection, legal compliance, fair trade, corporate ethics, etc.
Coexistence and co-prosperity
We actively communicate with suppliers to deepen our relationships of trust and conduct manufacturing activities that encourage mutual growth. As an active supporter of co-existence and co-prosperity, we regularly hold a “workshop for cooperating companies” to share JUKI’s initiatives, sense of direction, and goals.
We aim for coexistence and co-prosperity with cooperating companies by learning from each other as good partners and existing and developing together sustainably into the future.
Fair and equitable evaluation and selection
JUKI selects suppliers based on a comprehensive evaluation of the following three items.
- Quality, price, delivery time, etc. of procured products
- Technical capabilities
- Reliability, etc. as a company
We always respond sincerely and provide fair and equitable opportunities to a new entrant, regardless of whether the business is large or small, domestic or overseas.
Suppliers who make notable contributions to QCD are commended at JUKI’s regularly held “workshop for cooperative companies.” Every supplier who meets JUKI’s quality assessment standards is issued a Certificate of Guaranteed Delivery.
Declaration of Partnership Building
Our company will focus intensively on the following items in order to build new partnerships by promoting cooperation and coexistence with supply chain partners and business partners that aim to create value.
1. Coexistence and co-prosperity throughout the supply chain, and new collaboration beyond the dimensions of scale and series
By working with downstream business partners through direct business partners (from “Tier N” to “Tier N+1”), we will strive to increase added value throughout the entire supply chain. In parallel, we will aim to build a mutually beneficial relationship with our business partners through collaborations that transcend existing business relationships and company scales.From the perspective of work-style reform, we will also support business partners by providing advice on the introduction of telework and the formulation of BCP (business continuity plans) to cope with disasters and other existential threats.
(Individual items)
a. We will promote mutual use through common EDI utilizing IT.
b. We will promote greening initiatives in accordance with our Green Procurement Guidelines and work with our business partners to manage and reduce environmentally harmful substances.
2. Compliance with “promotion standards”
We will actively correct business practices and commercial practices that hinder the establishment of new business partnerships.
We will comply with prescribed business practices between parent companies and subcontractors (“promotion standards” based on the Small and
Medium-sized Subcontractor Promotion Act).
① Contract price determination method
② Cost burden for mold management, etc.
③ Payment terms for bills, etc.
④ Payment terms for bills, etc.
⑤ Negative effects accompanying work-style reforms, etc.