Procedure of contract is basically as follows.
・Invitation for suppliers of specific items
・Sales offers from suppliers
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Suppliers' registration procedure
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Start of procurement procedure
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Selection of suppliers
Qualified to submit estimates
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- Our procurement procedure is basically made through a competitive bid.
- We basically select more than one company to receive estimates among registered suppliers.
- We may select only one supplier in case of emergency, requiremant of special technique or related to exclusive right such as patent issues.
- After reaching agreement on contract price, we will make a contract. Upon making the contract, we will agree on details of conditions of payment, indemnification or hidden defect.
- Details of the contract are basically drawn up in the form prescribed by us.
- After the delivery of your product, we will inspect if it is in accord with specification. (Inspection Approval)
- After inspection approval, the ownership of the delivered product will be transfered from the supplier to us.
- Payment will be made by the end of the month following the month in which inspection approval is completed.
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