At Coster we believe in the importance of building long term relationships with our suppliers. We consider our suppliers as critical partners, contributing to the ongoing and sustainable success of our business. We want to create relationship and partnerships in order to execute business improvements together and achieve a long lasting competitive edge. We believe that a professional and common approach can enhances collaboration and increases the performance of Coster as well as that of our suppliers.
We are recognized as a company that inspires trust and respect and that creates value both for our suppliers and for ourselves, taking into account our environmental, social and economic requirements.
Coster purchases goods and services worth more than €130 million from over 1000 suppliers (figure 2019). Over the last two years the Procurement function expanded the number of suppliers under its area of responsibility to include Non-Productive Items related suppliers. We classified our suppliers in three main spend categories:
a. Productive Items (PI): that includes Raw Materials, Components and Packaging
b. Non Productive Items (NPI): that includes spend areas such as Utilities, Equipments and MRO, Logistics, Professional Services, IT & Telecom, Site Materials & Services, Employee Materials & Services
c. 3rd party manufacturing (3PM): that includes contract manufacturing for moulded and assembled components