Procurement process

A brief description of our procurement process:

• The  department which needs to purchase fills in the purchase form
• The Purchase Section inquires and signs contract according to the purchased quantity and requirement and based upon the pricing information
• For alloys,  especially nickel and molybdenum, and valuable metals, a bid procedure should be used inviting at least three suppliers;  the Purchase Section submits a report to the Managing Director for approval
• After approval of the report, contract is signed and executed

Evaluation procedure for the new suppliers

• Evaluate new suppliers, including business licence, quality certification system, inspection means and survey on site
• Test and analyze the sample material from suppliers
• Sign a trial agreement
• Evaluate the supplier and make sure the supplier is qualified

If a qualified supplier can't meet a requirement, we may purchase material from another supplier; however a special purchase application must be filled in for approval.