65 BUDGET SPENT ON SUPPLIERS 2022 2023 2024 € % of total € % of total € % of total Budget spent on suppliers in Italy 32.966.672 45% 31.968.215 53% 21.879.163 46% Budget spent on suppliers in the rest of Europe 6.127.300 8% 5.402.787 9% 5.045.132 10% Budget spent on suppliers in America 2.454.023 3% 1.497.825 2% 1.830.217 4% Budget spent on suppliers in Asia 23.883.871 33% 15.318.832 25% 14.570.529 30% Budget spent on suppliers in the rest of the world 7.494.463 10% 6.317.395 10% 4.754.800 10% TOTAL SPENDING 72.926.329 100% 60.505.054 100% 48.079.841 100% Supplier Selection Process The selection of new suppliers by Osculati follows a well-defined process. First, a request for quotation is issued to determine price competitiveness. If the offers meet the company’s targets, a meeting is scheduled at the headquarters for Italian suppliers or a video call for EU and non-EU suppliers. An additional evaluation occurs during industry trade fairs. For Asian suppliers, Osculati conducts an annual site visit in China to assess the reliability and suitability of the factories. The main evaluation criteria include pricing, financial stability, reliability, and respect for human rights.
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