Cooperating and communicating with our suppliers is one of our key priorities | As an export-oriented SME, tackling major challenges on behalf of its customers is routine work for Ferrum. In order to remain successful in the market, we need top products at competitive market prices. They must be reliably supplied to increasingly tight schedules.
What Ferrum offers and expects | Ferrum works with qualified reliable partners and is fair in its business relations. Decision-making is generally based on competitive principles.
Ferrum wants to develop together with its partners. Suppliers are selected on the basis of several factors. These include reliability, flexibility, quality, and a capacity for leanness, economy and the ability to innovate.
Bought-in products must be effectively priced at the going market rates. Ferrum has decided to introduce the principle of lean management in order to meet its customers’ requirements. It is therefore essential that products be delivered promptly to ensure that assembly cycles are not interrupted.
Products of impeccable quality supplied ready for assembly, go without saying.
Local and global | Ferrum depends on local and global purchasing markets in order to secure premium products and services for its customers around the globe.
Quality is not negotiable | Ferrum assesses its suppliers periodically according to a defined catalogue of criteria, and communicates the result. External audits are conducted to verify whether the required standards are observed.
Ferrum conducts random sampling to check that the required specifications are fulfilled, but it does not regard itself as an extended quality assurance instance for its suppliers.