“Like our partners at Cummins, UTi supplier diversity is an integral component of our business strategy, and a principal focus in the automotive vertical,” said Jeff Hammond, senior vice president, UTi Global Sales.
Long Beach, California (PRWEB) May 16, 2014
UTi Worldwide Inc. (NASDAQ: UTIW), a global supply chain services and solutions company, is proud to have received the Cummins Supplier Diversity Development award – an achievement that also earned UTi a spot on Cummins 2014 Top U.S. Supplier list.
"These suppliers have demonstrated and exceeded the qualities that we expect of all of our suppliers -- high quality, on-time delivery, innovation, service and commitment to Cummins' values," said Lisa Yoder, Cummins' vice president, Supply Chain and Manufacturing.
Cummins describes on its website (http://www.cummins.com) that its Diversity Procurement "…is aimed at creating strategic partnerships with qualified diverse suppliers that create customer value and a competitive advantage for Cummins. The mission of this initiative is to implement innovative sourcing strategies designed to enhance Supplier Development, Cost Reduction, Global Sourcing and Alignment with all Sourcing."
"Like our partners at Cummins, UTi supplier diversity is an integral component of our business strategy, and a principal focus in the automotive vertical," said Jeff Hammond, senior vice president, UTi Global Sales. "Some of the most prominent and fasting rising segments in the U.S. economy are minority-owned, women-owned, and veteran-owned businesses. UTi maintains a strong belief that diversity spending development brings both jobs and revenues to more communities and these segments are achieving equal or greater value while offering lower operating costs."
Among the UTi accomplishments Cummins highlighted:
- UTi delivered over 20% in diversity spend initiatives with a goal of 14%.
- UTi works alongside diverse suppliers to help build processes and continuous improvements to help achieve value for Cummins, Inc.
Yoder added, "They understand what it means to be a true partner to Cummins, helping us be successful so that we, in turn, help our customers succeed. It's called winning at the hand offs."
About UTi Worldwide
UTi Worldwide Inc. (http://www.go2uti.com) is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage, and other supply chain management services. The company serves a large and diverse base of global and local companies, including clients operating in industries with unique supply chain requirements such as the retail, apparel, chemical, automotive, pharmaceutical, and technology industries. The company seeks to use its global network, proprietary information technology systems, and relationships with transportation providers, and expertise in outsourced logistics services to deliver competitive advantage to each of its clients' supply chains.