Sandvik Coromant Honored for Excellence in Cost Savings
Fair Lawn, New Jersey, June 28, 2007 - Sandvik Coromant was recently honored with the 2006 Platinum Supplier Award by The Industrial Distribution Group's (IDG) Northeast Region. The cutting tool manufacturer is being rewarded for delivering significant cost savings to IDG's customers during the past year.
IDG's primary focus is to reduce costs for its customers by streamlining manufacturing processes, managing storerooms and controlling inventory. By documenting the services performed and cost savings generated, IDG has been able to demonstrate its value to not only customers but to strategic growth suppliers as well.
It is through this documentation process that the distribution company began monitoring product conformity, orders and logistics for nearly 120over 100 Strategic Ggrowth Ssupplier partnerss. After documenting cost savings both for themselves and their customer base, At the end of 2006, IDG Northeast selected the top twenty companies to attend its IDG's annual awards presentation dinner, where the top four three finishers were honored.
On hand to accept the 2006 Platinum Supplier Award for Sandvik Coromant were the following team members from the Eastern Zone: Kevin McCall, Productivity Team Leader, and Sales Managers Toby Grove, Mark Grimes, James Spengler and Dave Lewandowski.
About Sandvik Coromant
As the world-leading supplier of high quality cutting tools, Sandvik Coromant provided US customers with over $80 million in documented cost savings in 2006. The company measures its success through its ability to provide customers with their share of the $15 billion in savings that American manufacturing could achieve by maximizing tool performance. For more information on philosophies, products and services, contact Sandvik Coromant Company, 1702 Nevins Road, Fair Lawn, NJ 07410, phone 201.794.5223, fax 201.794.5217 or visit http://www.coromant.sandvik.com/us.
CONTACT:
Hakan Hellstrand
201-794-5223
Jim May, dgs
317-813-2226
