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| Timely
supplies and capacity to meet our full demand |
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We
expect our suppliers to deliver on time, reduce
our inventory and have enough capacity to meet our
full quantity requirements.
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| Prompt
communications and e-sourcing |
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Our
suppliers must respond on the same day if possible
and should be able to answer all our queries by
email. They must also be able to send and receive
drawings and other documents by electronic media.
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| Suppliers
to have design capabilities |
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We
are continuously developing new motor systems and
involve suppliers to contribute to the design of
the components which we buy from them. We expect
them to suggest changes in our design which improves
performance and reliability.
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| Continuous
cost reduction |
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Since
suppliers know the products best and know the sources
of cost, we like them to be directly involved in
initiatives which lead to cost reduction through
improved processes and elimination of non value
adding activities
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| Improved
technology and innovation |
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We
depend on the technological expertise of our suppliers
for suggesting improvements in parts they supply.
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| Single
supplier and partnership |
| When
our supplier is able to meet our sourcing goals
and is instrumental in improving our competitiveness,
we upgrade the status of supplier to `sole partner’
and procure 100% of our requirements from them.
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