Tulsa, OK (PRWEB) October 15, 2012
The Tulsa-based, third-party logistics (3PL) company, LynnCo Supply Chain Solutions, Inc., has been awarded national certification as a minority-owned business enterprise by the Oklahoma Minority Supplier Diversity Council. This council assists corporations and public sector agencies in creating a business environment that promotes access and increases opportunities for minority-owned businesses. Earlier this year, LynnCo also received certification as a woman-owned business.
“Supplier diversity is vital to our economy. We are pleased to fill a need in the market as a 3PL that has a high focus on supply-chain performance management and to be certified as a minority-owned and woman-owned business enterprise,” said LynnCo CEO, Dr. Anisya S. Thomas-Fritz.
Company executives are looking forward to the expanded networking environment that the minority-owned business enterprise certification will offer the already rapidly growing organization. LynnCo’s revenue has grown at an average rate of 25% to 30% per year over the past five years. Its workforce has also grown 70% over the same time period. “LynnCo’s certifications will further help us to serve our customers and demonstrate their commitment to fostering diversity and meeting the goals of their supplier diversity programs. We will continue to recruit top talent for our operations in Tulsa to keep up with the growth,” commented Jae Whang, Director of Operations.
LynnCo’s supply-chain performance management program helps mid-market and emerging market manufacturers reduce landed costs and become more price competitive during the bidding process. With the certification now many of LynnCo’s clients can apply up to 100% of their logistics and transportation expenses toward their supplier diversity spend goals as well. This has immediately resulted in their clients being able to bid on work only previously reserved for larger volume manufactures. “It is our goal everyday to help our customers better serve their customers and be at the lowest landed cost and win deals. One client has already seen a 20% increase in sales as a result of our supply chain performance management program and our MBE & WBE status,” said LynnCo President, Wendy Buxton
ABOUT LYNNCO SUPPLY CHAIN SOLUTIONS
LynnCo Supply Chain Solutions, Inc is a privately-held company founded in 1991 and purchased in 2000 by Dr. Anisya S. Thomas-Fritz and Lynn Fritz. Headquartered in Tulsa, Oklahoma, LynnCo is an industry leading 3PL (Third Party Logistics) provider of profound value-focused and results-driven logistics programs for many of the top companies in United States. They are well known for their best in class SuiteEdge® Technology and having one of the highest client loyalty retention rates in the industry.
Dr. Anisya S. Thomas-Fritz. – the Chairman and Chief Executive Officer of LynnCo Supply Chain Solutions. Dr. Fritz creative vision has paved the road for LynnCo’s transition from a small-town freight brokerage firm to an honored and reputable global supply chain services provider. A respected scholar, she is the author of numerous articles on the global system of humanitarian relief, competitive strategy and international entrepreneurship. Her work has been published in leading journals such as Harvard Business Review, Strategic Management Journal, Georgetown Journal of International Affairs and the Journal of International Business Studies.
To learn more about LynnCo Supply Chain Solutions, please visit http://www.lynnco-scs.com
NAICS Code: 488510
ABOUT OKLAHOMA MINORITY SUPPLIER DIVERSITY COUNCIL
OMSDC is one of thirty seven regional minority purchasing councils across the country affiliated with the National Minority Supplier Development Council (NMSDC). The NMSDC network enhances the efforts of minority businesses to indentify business opportunities nationwide and improves corporate identification of MBEs across the nation, NMSDC represents over 3,500 corporate members (including most Fortune 500 companies) and 16,000 certified minority business enterprises. To learn more about OMSDC, Please visit http://www.omsdc.org/