The general purchasing policy is designed to set out general rules for all purchasing activities at Brunton Electronics, so that action taken and decisions made regarding purchasing give the best possible support to the objective and strategy of company.

Purchasing policy

1. Choice of goods
Components and raw materials are chosen according to the following parameters:
 
1. Observance of the specified quality.
2. Guarantee in respect of delivery, and observation of delivery time
3. Price.
 
Furthermore some general parameters are comprised in the total evaluation. These parameters may be:
 
- The possibility of technical support.
- General service level and flexibility.
- Matters in relation to the environment, external and internal.
 
By the choice of components in connection with new designs and changes of design it must be taken into consideration to design alternative components.

2. Choice of supplier
In connection with the purchase of components where an evaluation of processes, systems etc. at the producer's is necessary, we use suppliers where we can carry out this evaluation and a quality evaluation ourselves. However, it is possible to trade through a third party with suppliers who do not comply with these rules. The third party will act on our behalf in connection with the above-mentioned evaluation and the quality evaluation.
 
In connection with the choice of the supplier, all purchasing should be pooled at suppliers with the highest classification.

3. Classification of suppliers
It is our aim to minimise the number of suppliers in order to achieve a closer co-operation and strengthen the co-operative bonds with our suppliers. The result will be a better utilisation of resources as we wish to focus on the competences of the single supplier. Through this we may achieve the following advantages:
-         A closer co-operation as regards quality
-         Better logistics
-         Better prices
-         Better support.
 
In order to indicate the scope of this co-operation, all suppliers are to be classified. 
 
4. Currency
The primary currency should be DKR. Purchases in DKR with reservations as regards the rate of exchange should be avoided and changed to direct invoicing in the currency in question.

Purchases should only take place in the following 3 currencies:
DKR
Euro
USD
 
5. General conditions
All goods should be delivered freight and insurance paid (DDP)