How to qualify
PURCHASING STRATEGY
In order to give Nidec Conversion a winning edge in the marketplace, the Purchasing function develop, elaborate and implement supplier strategies per commodity ensuring competitive levels of Quality Costs Delivery performance and Technology Suppliers are selected and their products are validated through a robust process ensuring strict entrance criteria to our Supplier Panel. Business awards are then provided to the best performing suppliers given continuous assessment of their performance
The Winning Cycle of Successful Partnership
| Quality Zero Defects Immediate Reactivity |
Delivery OnTime Deliveries Continuous Reduction of Leadtimes |
| Cost Reduction Continuous Cost Reduction on Total cost of Purchased parts: Material, Components, Processes, Packaging & Logistics Permanently maintained Reservoir Technical Cost Reduction Ideas at 10% Productivity 3 CostSaving Ideas per quarter |
Technology Development Time in-line with project Milestones Nidec Conversion is the preferred Customer for presentation of New Innovations & Products |
Nidec Conversion Code of Ethics
As per the declaration in the Nidec Conversion Code of Ethics our ethics, integrity and business conduct are very high. Our Business Partners are expected to adhere to our values and to act in compliance with our policies at all times.
Nidec Conversion Quality Standards
In striving to satisfy our customers with their ever increasing demands for improvements, we are obliged to select and work with the best suppliers. This starts with selection and continues through year on year continuous performance Quality, Cost, Delivery and Innovation improvements. From selection through supplier Quality System, Process and Product Audits and Validations through Monthly Q,C,D performance monitoring, we ensure our suppliers are best-in-class both today and tomorrow.
DODD – FRANK COMPLIANCE (CONFLICT MINERALS)
Conflict minerals is a collective term of four kinds of minerals, tin, tantalum, tungsten and gold originating from the Democratic Republic of the Congo and adjoining countries (Covered Countries).
As Nidec is a listed company on the US New York Stock Exchange that is required to report to the SEC and uses the four kinds of minerals in its products, we are committed to procuring minerals in a responsible manner through surveys that identify smelters of four kinds of minerals and ensure transparency in the supply chain by closely cooperating with suppliers.
We expect our partners to support this policy throughout the supply chain to ensure that only conflict free materials and components are used in the parts and components we procure.
The Supplier is required to perform due diligence and provide information relating to the presence or non-presence of “DRC Conflict Minerals” in the product being provided under this Purchase Order. More information on basic purchasing policy and non-use of the conflict minerals