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CMC takes the suppliers as vital business partners, and adopts mutual responsibility of risk and profit sharing as the mode of long-term cooperation on the basis of mutual trust and for the realization of the common goal of building a sustainable supply chain for stable development. The importance of items of purchase and the stability of the quality of goods and responsiveness of the suppliers will be considered in the evaluation of suppliers.
CMC Magnetics Corporation treats all suppliers as vital business partners and hopes to establish a stable and prolonged supply chain through mutual cooperation. Further to the review of the profiles of new suppliers in the screening process, CMC also takes the capacity of corporate management, production and development, quality system, environmental management, and product competitiveness in price into consideration. CMC will require suppliers to commit to environmental protection, safety and health, and human rights protection, and engage in an undertaking for the pursuit of corporate social responsibility in concerted effort. For this end, CMC has established a set of supply chain management systems for the development, management and control of suppliers in the aspects of quality, delivery, shipment volume, service and cost.
In pursuing its overall procurement strategy, CMC spares no effort in the development of local good quality suppliers. The localization of the supply chain helps to condense the delivery lead time and satisfy the expectation of the customers in delivery in a very short time. It also reduce the consumption of energy for transportation if purchase was made overseas, and the sturdy packing of the goods for long journey transportation, which are an unnecessary waste of resources.
The localization of purchase of CMC not only improves the recycling rate of packing for reuse by the local suppliers but also boosts the local economy.
The items for purchase at CMC are direct and indirect materials for production, and parts and equipment not for direct production.
An audit plan was prepared for the audit of qualified suppliers on corporate management, production and machinery and equipment maintenance capacity, quality system, environmental management, and corporate social responsibility review.
The following is the statistics of the number of countries where CMC's suppliers are located from 2022 to 2023, the proportion of the countries where they are located, the purchase amount and number of foreign and domestic suppliers.
