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Supply Chain Management

PI Advanced Materials connects people, society, and the world by realizing the potential of Polyimide
through creative innovation technology.

Supply Chain Management

Together with its partners, PI Advanced Materials is developing a sustainable management system. We are developing strategies to improve transparency in the environmental, social, and governance areas and minimize supply chain risks on the basis of trust with our partner companies.
In order to manage supply chain risks, PI Advanced Materials intends to implement a number of management policies, such as shared growth and fair trade compliance strategies, partner company codes of conduct, and purchasing policies.

Supply Chain Management Strategy

4 Strategies for Supply Chain Management

Supply Chain Management System Process

PI Advanced Materials is working to create a robust supply chain through a three-stage management process from an ESG perspective that includes supplier registration screening, contract performance evaluation, and follow-up management.

1. Supplier Registration

- Source high-quality suppliers
- Conduct ESG self-assessments
- Obtain signed pledges for the Supplier Code of Conduct

2. ESG and Performance Evaluation

- Perform on-site inspections of major suppliers
- Review supplier provided self evaluation reports
- Frequency : Once per year

3. Evaluation Review Results

- Classify supplier performance based on evaluation grades
- Share results and request corrective actions for non-compliance

4. Post-management Measures

- Apply penalties or remediation steps according to evaluation outcomes
- Confirm and track resolution of non-conformities

Supply Chain Registration Process

Apply for Supplier Registration

Review of Basic Qualifications

Fact-Finding Survey

Quality TEST

Register as a Supplier

Supply Chain Evaluation Items

Evaluation Ratings: A: 90–100 points, B: 80–89 points, C: 70–79 points, D: 60–69 points, E: Below 60 points

Evaluation Items General Status Sustainability
Management System
(SMS) 		Quality
Management System
(QMS)		 Environmental
Management System
(EMS)
Evaluation content
  • Management status
  • Credit rating, transaction performance
  • On-time delivery
  • Risk management (e.g., insurance coverage)
  • Sustainability managementCertification (ISO26001)
  • Labor rights management
  • Compliance with ethical standards
  • Anti-corruption management
  • Quality management certification (ISO 9001)
  • Quality indicators and control
  • Customer satisfaction
  • Process management
  • Environmental management certification (ISO 14001)
  • Hazardous materials management
  • Materials and product oversight

Current Status of Supply Chain Management

Category Unit 2021 2022 2023 2024
Total Number of Partner Companies Number 232 288 238 172
Supply Chain Management Supplier evaluations Number 38 37 34 34
Partner companies requiring corrective actions Number 8 3 3 9
Implementation rate of corrective actions % 100 100 100 100
Partner companies with terminated relation Number 0 0 0 0

* Total suppliers: Includes all raw materials, packaging, logistics, and repair vendors transacted with in the year.

Follow-up

Supplier risk management: Constant/regular audit of suppliers

Criteria for Cancellation of Supplier Registration
  • 01 Suppliers that are unable to operate normally due to business interruption, such as bankruptcy due to poor management
  • 02 Suppliers that hinder market distribution and manipulate dumping
  • 03 Suppliers who do not supply without justifiable reasons
  • 04 Suppliers that are not capable of producing products of the required quality or are not competitive
  • 05 Suppliers deemed impossible to trade with as a result of internal audit
  • 06 Suppliers with ratings of less than 70/100 were determined to be unavailable for business as a result of the post-evaluation
  • 07 Suppliers that the evaluation manager determines are impossible to trade with
  • 08 Suppliers whose products contain substances exceeding the acceptable standards for environmental substance level 1
Code of Conduct Purchase Policy