Corporate Sustainability Rreport

Management

Reinforcing supplier management

Supplier Management Mechanism

YOKE differentiates its procurements according to their nature (2 major categories) and degree of materiality (3 major categories; and purchases made with our outsourced processing service suppliers fall under the category of “activities”). With the exception of general purchases/activities, all suppliers involved in our procurements have been placed at different tiers with an assessment conducted at different frequencies - periodic assessment and annual audit. In addition, YOKE has also been assisting suppliers to achieve growth and upgrade so that we could collaborate and grow together to propel the industry chain for safety lifting components and high-altitude operation fall-proof safety equipment. Starting from 2019 onward, we have drafted our supplier social responsibility commitment letter to be signed by suppliers and returned to YOKE. As of the end of 2020, of the 308 suppliers in our audit roster, 229 (73.35%) had signed and returned the letter. In addition, we have made it mandatory for all new suppliers to sign and return our supplier social commitment letter before they complete their new supplier registration in order to become qualified suppliers from 2019.

Type of Procurement

.Industrial safety lifting components and accessories
.High Altitude Operation Fall-proof Safety Equipment and Fittings

Critical Degree

.Key components/Activities
.Non-key components/Activities
.General Purchases/Activities

Supplier Rating

.New Supplier Evaluation
.Annual Supplier Audit
.Supplier Re-evaluation

Supplier Evaluation

New suppliers must pass our supplier assessment before YOKE may place orders with them. The assessment criteria include corporate liability-related management systems, promotion of energy-saving plans, availability of an internal/external mailbox for grievances, promotion of charity events, and prior punishments by competent authority for having violated economic, environmental, human resources, or product-related laws and regulations. In 2020, 7 suppliers passed our new supplier assessment. Suppliers of key components must be subject to re-evaluation once every 3 years and suppliers of special process once every 2 years. For suppliers involved in non-key procurements, they are to be re-evaluated once every 5 years. Standards of re-evaluation shall be identical to that of new supplier evaluation. In December 2020, we re-evaluated a total of 53 suppliers and 94% were compliant. Suppliers who failed to pass the assessment had thus rectified their issues of nonconformity. As of the end of 2020, a total of 308 suppliers have passed our assessment, though only 288 of them had actually had business with YOKE.

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In 2020, 7 suppliers passed our new supplier assessment.




In 2020, a supplier had to score 70 or higher in order to become a qualified supplier and registered in our list of qualified suppliers. Suppliers who scored 69 or lower were required to rectify their given issues or propose plans for rectification within 45 days to be eligible for the re-assessment process. Among those that failed to score 60 (Group E), they were required to submit their plans for rectification within 2 months and YOKE would assess the supplier 4 months later after the issue in question has been rectified. Suppliers who fail to achieve the required rectification shall be penalized in accordance with our procurement strategy - to have their order quantity reduced or remove them from our list of qualified suppliers.

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though only 288 of them had actually had business with YOKE.
未命名-1Search fornew suppliersEligible candidatesfill out our supplierquestionnairesEvaluation anddiscussion by relevantdepartmentsOn-site auditand quality inspectionInclusion in our list of qualified suppliersSampling andsmall batch productionFormal orderplacement

Supplier annual written audit

The annual supplier audit only applies to critical and non-critical suppliers and the audit is conducted in the form of a written review of their quality, price, delivery, and service (QPDS). This audit takes place once a year and QPDS results of suppliers are reflected upon and discussed on a yearly basis. In order to be added to our list of qualified suppliers, suppliers must score 65 or higher in their annual audit. Suppliers who failed to score 65 points shall be identified as targets that require further on-site audit and assistance for rectification and will be required to address the situation within 2 months before the outcome of rectification is verified in 4 months’ time. Suppliers who fail to make the rectifications shall be dealt with in accordance with YOKE’s procurement strategies. In 2020, we had a total of 293 raw material suppliers, 277 of which were added to our list of qualified suppliers. Of the 277 suppliers, 238 were actually audited and they were all found to be qualified.

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Safety is our first priority and
core CSR value


39, 33rd Road, Taichung Industrial Park, Taichung 407, Taiwan

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+886-4-2350-8088 

#39, 33rd Road,Taichung Industrial Park, Taichung 407, Taiwan