Procurement Policy
Basic Policy
We aim for building a continuing "Win-Win-Win" relationship among our customers, partners (our business partners) and Fasford Technology Co., Ltd.
Conduct Guidelines
We try our best to build trust with our business partners according to the following conduct guidelines regarding procurement, as described on "Fasford Technology Co., Ltd. Forms of Conduct".
- We build good partnerships with our purchasing business partners while trying to maintain and improve our mutual understandings and trust relationships from a long-term perspective.
- We have a wide view over the world and develop the best purchasing business partners in an effort to maintain market competition.
- We choose our business partners in an appropriate and fair way by evaluating them carefully to see if they fulfill their social responsibilities on various conditions, such as not only their quality of materials, reliability, delivery, price, management stability, and capabilities for technological development, but also whether they have a fair and highly transparent way of disclosing information, are complying with the law and social norms, have respect for human rights, eliminate unfair discrimination concerning employment and occupation, eliminate child labor and forced labor, participate in activities for environmental conservation, contribute to society, create comfortable workplaces, share our sense of social responsibility to their business partners, and so on.
- We do not receive any private benefits from our purchasing business partners upon our purchasing transactions.
- We correspond in a fair and sincere way with each of our purchasing business partners. Moreover, we try our best to keep confidential information and private information of our purchasing business partners confidential.
- We conduct procurement activities in accordance with proper procedures following our internal rules.
Declaration of Partnership Building
Endorsing the intent of the Council on Promoting Partnership Building for Cultivating the Future promoted by the Cabinet office and the Small and Medium Enterprise Agency among others, Fuji has declared that we aim to build new partnerships through developing cooperation with business partners along supply chains and business operators with value creation mindsets, and establishing mutually-beneficial frameworks with them.
Declaration of Partnership Building
We hereby declare that we will focus on the following matters in order to build new partnerships by promoting cooperation, coexistence, and co-prosperity with our suppliers in the supply chain and businesses seeking to create value.
1.Coexistence and co-prosperity of the entire supply chain and new cooperation that transcends business scale and affiliation
We will strive to increase the value added throughout the supply chain by reaching out, through our direct suppliers, to their suppliers (from “Tier N” to “Tier N + 1”). We also aim to build coexistent and co-prosperous partnerships with our suppliers through cooperation that goes beyond the existing business relationships and company size. We will provide advice and other support, including helping our suppliers introduce teleworking and formulate their Business Continuity Plan (BCP), from the perspective of business continuity in the event of a disaster or other emergency and of work-style reforms.
(Individual item)
a.We aim to achieve “win-win-win” success as a win for our customers, partners (business partners), and us as stated in our corporate philosophy. With the motto of "Challenge together, grow together," we will build a relationship with all our partners (business partners) that will allow us to move forward together.
b.We will actively promote the use of IT to share information and improve operational efficiency throughout the supply chain.
2.Compliance with the “Promotion Standards”
We will comply with desirable trade practices between parent enterprises and subcontractors (“Promotion Standards” under the Act on the Promotion of Subcontracting Small and Medium-sized Enterprises), and we will actively correct trade practices and commercial customs that may hinder the establishment of partnerships with our suppliers.
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① Pricing method
We will not demand unreasonable price reductions. When determining transaction prices, we will agree to engage in and hold sufficient discussions upon request of a subcontractor, giving consideration to the impact of increased labor costs, so that the resulting prices will include proper profits for the subcontractor. When entering into a contract, including the determination of transaction prices, we, if acting as a parent enterprise, will indicate and deliver to the subcontractor the relevant contract terms in writing.
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②Mold management and other cost burden
We will promote the disposal of unnecessary molds and will not request subcontractors to store molds without compensation.
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③Terms of payment by draft, etc.
All subcontractor payments related to transactions with subcontractors are paid in full in cash.
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④Intellectual property and knowhow
We will not urge subcontractors to enter into any one-sided non-disclosure agreement or take advantage of our trading position to demand that they disclose their knowhow or transfer their intellectual property rights without compensation.
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⑤Consideration for work-style reforms at subcontractors
We will not require subcontractors, without proper cost compensation, to complete subcontract work in unreasonably short time periods, nor will we request sudden changes to the specifications of subcontract work, so that subcontractors can also pursue work-style reforms. In the event of a disaster or other emergency, we will not impose a one-sided burden on subcontractors in terms of transactions, and upon the resumption of business operations, we will give consideration to the continuation of business relationships as much as possible.
3.Other (optional description)
We will comply with the "Procurement Policy" posted on our official website for external use and strive to build a relationship of trust.
November 1, 2022
(Remarks)
- This declaration will be posted on a portal site operated by the National Association of Small Business Promotion Agencies.
- The publication of this Declaration may be withdrawn if it is deemed that this Declaration has not been fulfilled, such as when the competent minister gives guidance or advice based on the "Promotion Standards".
