At Coster we believe in the importance of building long term relationships with our suppliers.
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.
In 2018 the Procurement function expanded the number of suppliers under its area of responsibility to include non-productive items related suppliers.
We have 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