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Procedures for New Business

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figure: Procedures for New Business
1Submission of Application Form
Company and product information of all applicants will be registered to Minebea's Supplier Information Database by submitting Application Form.
2Application Screening
Applications are reviewed in accordance with the procurement standard of Minebea Group.
3First Meeting
Meetings will be held with potential suppliers.
At the first meeting, the potential supplier is requested to present their corporate profiles and products. Minebea explains about details of requirements and requests quotation.
4Submission of Quotation
 
5Overall Evaluation
With all the information given at this point, Minebea conducts the comprehensive evaluation.
6Request for Samples and Documents
If the supplier's offer is considered advantageous, Minebea requests to submit samples and specifications.
7Submission of Samples and Documents
 
8Evaluation of Samples and Documents
Quality and engineering tests will be conducted to confirm that the samples and documents are fully qualified for Minebea's requirements.
9Approval
After all the necessary tests complete and the samples and documents are qualified, Minebea approves to start business with the new supplier. Facility inspections may be required in certain cases.
10Conclusion of Contract
The supplier and Minebea conclude a contract by signing Basic Transaction Agreement.
11Start Business Transaction
Minebea places an order.

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