The Story of Sakichi Toyoda
Sakichi Toyoda, the founder of Toyota Industries Corporation, possessed a strong ambition to contribute to society from his days as a youth. He had devoted his 63-year-long life to invention.
Toyota Industries Corporation is involved in a wide range of business fields from textile machinery to automotive related fields such as engines, car air-compressors, and vehicles, to materials handling equipment such as forklift trucks, and the electronics that go into these products, and even to foundry parts.
Our company procures the necessary parts, materials, and equipment for these many different business fields from suppliers all over the world. Along with requiring our suppliers to provide quality items at a low price and in a timely manner, we cooperate with them to promote environmental preservation and meet the other demands of society. In addition we take a long term view toward our relationships with suppliers with an aim to realize an amicable relationship of mutual prosperity based on fair business practices.
We have an open and fair entry process that allows all potential suppliers, regardless of nationality, size, and experience, the same chance to offer us their products or services. We select our business partners based on economic reasons such as the quality, price, and volume of their products, as well as on their adherence to delivery times. In addition, we also consider comprehensively things like environmental awareness, company stability, and technological development ability.
At Toyota Industries Corporation we work hard to realize an amicable relation of mutual benefit with our suppliers based on mutual trust.
We also believe that it is important to promote friendly communication with our suppliers by means of our procurement activities.
In order to create environmentally-friendly products we aim to procure parts, materials, and equipment that have low environmental impact from suppliers that always give sufficient consideration to the environment.
As a company that undertakes local production overseas, we promote procurement from local suppliers in order to contribute to the local community.
It is Toyota Industries' policy to strictly abide by both the letter and spirit of laws and regulations and to also carefully handle and protect our partner's secret corporate information.