Purchasing Policy

1. Our criteria for initiating business with a newcomer or to conduct a specific transaction will be based on how well rational and clear standards are met in terms of product quality, price, reliability, and the capability to provide stable supply.
2. As a rule, we will compare offers from several vendors simultaneously to promote a healthy, competitive environment and engage in the fair selection of our suppliers.
3. We will strive to purchase from a wide variety of sources as possible, in order to avoid excessive reliance on a single vendor for procurements, while also preventing a single vendor from becoming excessively dependent on us for their business.
4. We will actively seek to create opportunities for newcomers by periodically reviewing vendors with whom we transact on a continual basis.
5. We will request offers to be made only from prospective vendors. In the event that a competitive bidding takes place or we select a vendor after comparing requested offers, those vendors not qualifying will have the opportunity to seek our justification, which we will provide within limits.
6. As a rule, we will conduct our purchasing activities in accordance with the written terms of a contract. Continual transactions will be based by mutually agreeing to the terms set in a basic contract.
7. We will not transact with vendors that aim to sell our products and/or services directly.
8. We will preserve confidentiality of any information related to a particular vendor obtained in the course of transacting with the firm.
9. We will not engage in any transactions that lead to the violation of a third party's intellectual property rights.
10. Our purchasing officers will not maintain any relationships based on personal interests with existing or prospective vendors.