Global Supply Chain Optimization and Raw Material Cost Reduction
First written in FY2016. 1 of 3 entries say "Restated". Latest entry: FY2019.
2 other companies' latest entry also says "Raised".
- FY2019RaisedAnnual report
「At the same time, we will pursue more comprehensive optimization of the global supply chain than before. Specifically, we will promote cost reductions through vertical integration in the global sourcing of leaf tobacco, standardization of material specifications in material procurement, and ensuring interchangeability among suppliers. We will also pursue lower raw material costs through flexible procurement aligned with market conditions and optimization of raw material inventories.」
The company stated that it would pursue more comprehensive optimization of the global supply chain than before and expand measures including vertical integration, standardized specifications and inventory optimization. - FY2017RestatedAnnual report
「Specifically, we will promote cost reductions through vertical integration in the global sourcing of leaf tobacco, standardization of material specifications in material procurement, and ensuring interchangeability among suppliers. We will also pursue lower raw material costs through flexible procurement aligned with market conditions and optimization of raw material inventories.」
The company has reaffirmed measures to reduce procurement costs through vertical integration, standardized material specifications, interchangeability among suppliers and inventory optimization. - FY2016First statedAnnual report
「We will promote cost reductions through vertical integration in the global sourcing of leaf tobacco, standardization of material specifications in material procurement, and ensuring interchangeability among suppliers. We will also pursue lower raw material costs through flexible procurement aligned with market conditions and optimization of raw material inventories.」
The company describes global sourcing and cost-reduction measures combining vertical integration, standardized material specifications, supplier interchangeability and inventory optimization.