Procurement Philosophy
Olympus works closely with its suppliers to achieve reciprocal improvement in corporate value through the implementation of CSR initiatives across entire supply chains. Specifically, we have strengthened our partnerships with suppliers by making regulatory compliance, respect for human rights and the environment, and fair and open dealing basic requirements for all transactions.
The Olympus Group’s Procurement Policy
The Olympus Group's Procurement Policy
The Olympus Group manufactures a wide range of products, including cameras, medical endoscopes, microscopes and non-destructive testing equipment. Through its various business units, it procures the materials and parts needed to make these products from approximately 1,300 suppliers in Japan and overseas.
Our procurement policy is based on the Olympus Group's "Social IN" management philosophy. Adopted in 2005, the policy applies to all procurement activities throughout the Olympus Group. The core values guiding the Olympus Group's procurement activities are expressed in the Green Procurement Standards, which were amended in fiscal 2010. These standards now form the basic framework for our CSR procurement activities.
1. Compliance with Laws, Regulations, and Social Norms
2. Green Procurement and Consideration for the Environment
3. Promotion of Fair and Impartial Trade
4. Selection of Suppliers
5. Reinforcement of Partnership with Suppliers
6. Prohibition of Acceptance of Private Interests
Putting CSR Procurement into Practice
Only by applying the PDCA cycle to all aspects of supply chains is it possible to implement and consolidate CSR procurement. The Olympus Group has strengthened its initiatives in phases, starting in fiscal 2010, through activities that include briefings for suppliers, in-house education, website-based surveys, CSR audits of suppliers in Japan and overseas, and activity reviews.
Particular priority has been given to the identification and resolution of specific issues at suppliers' business sites. Through this process, Olympus is maintaining an upward spiral in its CSR procurement activities.
PDCA Cycle for CSR Procurement
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