PHOENIX, Ariz. - Nov. 13, 2007 - ON Semiconductor (NASDAQ: ONNN) a leading global supplier of efficient power management solutions, today announced it has been awarded a Total Cost of Ownership (TCOO(TM)) Supplier Award from Celestica, a global provider of innovative electronics manufacturing services (EMS). This award recognizes suppliers that provide the best TCOO performance to Celestica and are committed to helping Celestica meet its customers' needs.
"ON Semiconductor is proud and honored to be recognized by Celestica," said Walt Guy, ON Semiconductor senior vice president Global Supply Chain. "Working together, we have created a decidedly new and successful model for supply chain management that addresses the risks surrounding both the supply and demand. For our customers, this has meant disclosure of any factors that may influence demand at any point in the supply chain. As the manufacturer, we've implemented a mutually beneficial system that places control points around demand in appropriate places. Our common goal is to avoid shortages that could interrupt operations unnecessarily. This award from Celestica is further evidence of the success of our supply chain model."
This marks the first year of Celestica's TCOO Supplier Awards program. The new program aligns with Celestica's Ring strategy which focuses on shortening lead times through enhanced supplier proximity, as well as its TCOO supply chain strategy which helps customers deliver high-quality products to market quickly and at the lowest total cost. Celestica's TCOO system is designed to calculate the true cost to produce, deliver and support products and services beyond the supplier invoice price. As such, it values the following supplier attributes: quality, delivery, technology, service, pricing and flexibility.
"Congratulations to ON Semiconductor for being recognized with a 2006 TCOO Supplier Award," said John Boucher, Chief Supply Chain and Procurement Officer, Celestica. "I sincerely thank ON Semiconductor for supporting our supply chain strategy to provide customers with the flexibility they need to overcome any challenge and to respond quickly to changes in end-market demand."
About ON Semiconductor
With its global logistics network and strong portfolio of power semiconductor devices, ON Semiconductor (Nasdaq: ONNN) is a preferred supplier of power solutions to engineers, purchasing professionals, distributors and contract manufacturers in the power supply, computer, consumer, portable/wireless, automotive and industrial markets. For more information, please visit ON Semiconductor's website at www.onsemi.com.