Suppliers and Partners
Uno Minda’s Approach for Suppliers and Partners
Suppliers and dealers are essential partners for us. We support them in a manner that is mutually beneficial. We work together with them on a broad spectrum of issues, including technological assistance education, sustainable product development, enhancing localisation, and lean production, and developing environmentally friendly supply chains.
Capitals Impacted
Social & Relationship Capital
Manufacturing Capital
SDGs Impacted
Performance Highlights of FY 2022-23
930
Hours of training given to suppliers
100 %
Suppliers screened for overall compliance and environmental compliance
86 %
Local suppliers
A Responsible Supply Chain
We have a large network of suppliers, and we understand that we can only be genuinely sustainable if we utilise our business ties to drive sustainability across our value chain. We have a supplier code of conduct that demands our suppliers to display the highest level of ethical business behaviour. Furthermore, we need our suppliers to produce declarations addressing a variety of environmental and social criteria, such as the availability of ISO 14001, ISO 18001, and ISO 16949:2016 Certification, the use of prohibited hazardous materials, and adherence to ELV/ROHs/REACH requirements. We maintain a fair process for selecting suppliers that is free of any internal or external interference, and we have the tools and processes in place to evaluate and mitigate risks across the supply chain.
Uno Minda has formulated standard operating procedures (SOP) for selecting new supplier & sustainable sourcing. Parallelly, the entity has system to evaluate Supplier Quality Management Systems (QMS) on yearly basis including their safety aspects w.r.t Fire & Safety check sheet and same is defined in Supplier Quality Assurance Manual (SQAM) as well.
Uno Minda audits suppliers and assesses whether they are adhering to norms. Currently, we are auditing suppliers through system audit check sheet where we are assessing the handling and disposal of hazardous and non-hazardous waste. Supplier fire and human safety audit check sheet are also used for audit and any abnormality is reported to supplier and as well as Uno Minda Management. During the assessment, no significant environmental and social impacts were observed.
The Company has identified 400+ suppliers to be critical to business operations, which include critical raw materials, electronics and other key commodities. Of the Company’s total procurement, 8,600+ Crores spent during FY 2022-23 was attributed towards these suppliers.
Localised Sourcing
Our commitment is to empower our local suppliers, leveraging their unique strengths to gain a competitive advantage in the market space. MSMEs/Local suppliers often play a significant role in the local economy by creating job opportunities and contributing to the overall economic growth. By sourcing input materials from MSMEs, businesses can support and stimulate the growth of these smaller enterprises, leading to increased employment opportunities and economic development in the local community. As the Company has plants pan India, we have considered region-wise buying. In FY 2022-23, total Buying was of ₹ 8600+ Crores whereas Local buying stood at ₹ 7500+ Crores, i.e 86%. By doing so, we are not only helping our suppliers to grow but also creating a more diverse and resilient global supply chain.
Understanding Market Demand
We aim to create multiple drivers of growth by developing a portfolio of world-class businesses that best matches organisational capability with market opportunities.
- Develop, scale, and expand economic moats in each business to drive long-term competitive advantage and profitable growth.
- Expand and strengthen the Company's brand portfolio and multichannel distribution network to better serve consumers across market segments.
- Through ongoing innovation, create a future-ready product range in each business to appeal to relevant and emerging segments.
- Proactively seek acquisition, joint venture, and cooperation opportunities in strategic areas with the goal of driving growth and creating value.
- Map the risks and opportunities posed by the climate catastrophe and other external shocks; build adaptive capability and invest in mitigating measures to increase resilience across the value chain; and identify global hotspots that may provide new growth vectors.
- Our R&D strategy is to ‘Protect the Core, Expand into New’. The aim is to be a dominant player in evolving PACE (Personalised Autonomous Connected Electrified) opportunities.
- Enabling stronger customer insights to drive more powerful innovation that are in tandem with business goals.
- Investing to expand R&D Capabilities in India & Europe. UNO MINDA launched its first flagship centre for advance technologies called CREAT (Centre for Research, Engineering and Advance Technologies).
Material Issues Addressed
Emerging Technologies
Developing Resilient Value Chain
- Continuously focus on enhancing supply chain agility, responsiveness and market servicing by leveraging digital technologies and best in-class planning, manufacturing, logistics and distribution processes.
- Collaboration with suppliers enables the Company to create a more sustainable supply chain ecosystem.
- Encourage suppliers to provide transparent information about their own sustainability practices, ensuring visibility and accountability at every stage of the supply chain.
- Drive sustainable practices by exploring the alternative materials, energy-efficient manufacturing processes, and waste reduction strategies.
- Invest in research and development to develop products that have a lower environmental impact.
- Integrate sustainability into product design and development to offer more eco-friendly solutions to customers..
Material Issues Addressed
Responsible and Sustainable Supply Chains
Product Life Cycle
