Supply Chain Management

Policy

The THK Group communicates with suppliers and pursues improvement activities to optimize our procurement processes and enhance our ability to create competitively priced products.

1. Global procurement and optimizing procurement locations
2. Increasing productivity through DX utilization and improved work efficiency
3. Establishing a structure with suppliers to increase production and promoting improvement activities

Procurement Structure

Alongside its efforts to promote global procurement to strengthen its cost competitiveness and market access, THK strives to build healthy relationships with its suppliers through fair business dealings that comply with national and regional laws.
We clarify and, as necessary, regularly review the terms of the business we conduct with our suppliers such that every choice we make reflects quality and cost considerations based on the economic viability and risk profile of each region. The progress we make each year in our global procurement efforts brings with it greater challenges for risk management; however, we convene regular meetings and conduct semi-annual surveys with our suppliers to facilitate sustained communication through the sharing of information.
Internally, THK trains its employees in legal compliance and contract management in accordance with clear terms and conditions as well as the Act Against Delay in Payment of Subcontract Proceeds. Externally, we work to enhance the efficiency and reliability of the supply chain as a whole by regularly convening meetings with outside parties to solicit new ideas and improvement proposals in addition to exchanging information on procurement policies, market trends, and changes to laws.
Going forward, we will continue to build a stronger supply chain through the promotion of digitization and risk distribution.

Partnership Building Declaration

THK considers suppliers to be valuable partners for ensuring mutual growth. As we share the common goal of continuing to provide customers with satisfying products, we provide forums for sharing information about new technology, production methods, and materials and build collaborative frameworks to promote product improvements.

Activities and Results (Including Goals)

Establishing and Distributing CSR Procurement Guidelines

Based on our belief that efforts at every step of the supply chain are essential to the promotion of CSR activities, we distribute our CSR Procurement Guidelines to our suppliers and request that they actively engage in CSR activities.

CSR Procurement Guidelines (31KB)

Working with Suppliers