MISUMI Group continues to improve customer time value and grow its business activities. Today, corporate supply chains are expanding globally, and our business activities and responses to social demands are something our Group cannot complete on our own. Therefore, it is essential that our business partners, who provide us with products and services. In order to gain understanding of our group's approach and work together while cooperating, we have recently formulated the "MISUMI Group Sustainable Procurement Guidelines." In the future, we will accept social demands and expectations and fulfill our social responsibility throughout the entire supply chain based on mutual trust with our business partners through fair, impartial, and open transactions.
MISUMI Group provides customers around the world with "convenience in selection and purchasing" on our website and "time value" to reduce waste and person-hours in the industrial world through the "reliable quick delivery" of products. We are committed to continuously improving time value. We are constantly evolving our business model and working to strengthen our business foundation, including production, logistics, and IT, and building the human resources to support these efforts.
We will seek out and procure from suppliers in an open, fair, and impartial way, both domestically and internationally.
In selecting suppliers, we will make rational decisions based on a comprehensive evaluation of the time value of services provided, including quality, price, and delivery time, as well as organizational and technical capabilities for continuous improvement and compliance with laws and regulations, including environmental conservation, health and safety, and protection of human rights.
We emphasize good communication with our suppliers and will cooperate with them to improve sustainable procurement activities. We may ask for their cooperation in providing "time value" and for periodic or irregular reporting and audits as necessary. We may also request that our suppliers' supply chain confirm our procurement guidelines.