Vishay Intertechnology Honored With TTI's 2011 Global Operations Excellence Award
Company Receives Supplier Excellence Awards in North America, Europe, and Asia; Receives Best Quality Award and Diamond Award in Asia
MALVERN, Pa. - March 7, 2012 - Vishay Intertechnology, Inc. (NYSE:VSH) today announced that it has received the 2011 Global Operations Excellence Award from TTI, Inc., one of the world's leading electronics distributors. In addition, Vishay has won TTI Supplier Excellence Awards in North America, Europe, and Asia, as well as the Best Quality Award and Diamond Award in Asia. This is the ninth time since 1996 and the sixth time in a row Vishay has won the North America Supplier Excellence Award, making the company a Platinum level award winner.
The TTI supplier awards program is centered on quality measurements that include on-time delivery, receiving quality, customer-reported quality, administrative quality, operations, and business systems. In addition, there are performance measurements such as sales and management support.
Supplier Excellence Award winners in North America, Europe, and Asia are determined by performance points for these criteria. The Diamond Award is given for the highest overall point achievement in a region and the Best Quality Award is given to the supplier who scores highest in each of the Quality categories. For 2011, TTI introduced a new level of global recognition for the supplier who earns the award in all three TTI regions and who scores the highest total points globally: the Global Operations Excellence Award.
"The Global Operations Excellence Award is the highest TTI recognition possible for a supplier's global performance," said Melanie Pizzey, vice president, Global Product Operations, TTI, Inc. "Vishay is to be commended for its outstanding coordination of efforts to earn this most prestigious level of recognition. Earning this honor, in addition to awards in North America, Europe, and Asia, not only represents the dedication of all Vishay employees to TTI, but also management's commitment to excellence."
"TTI is an outstanding supply-chain partner, and we are honored to receive the Global Operations Excellence Award and Supplier Excellence Awards from the company," said Greg Mefford, vice president, worldwide distribution sales, Vishay Intertechnology, Inc. "This is truly an amazing accomplishment, and the timing couldn't be better as we celebrate our 50th anniversary this year. We look forward to many more years working together with TTI to meet the needs of end customers."
Vishay will be presented with the Global and North America awards at the TTI Supplier Executive Breakfast Meeting on Tuesday, May 8, at this year's Electronic Distribution Show and Conference (EDS) in Las Vegas. Awards for Europe and Asia will be presented in separate events.
TTI, Inc., a Berkshire Hathaway company, is a specialty distributor of passive, interconnect, electromechanical, and discrete components. TTI is the distributor of choice for electronics manufacturers worldwide. TTI's extensive product line includes: resistors, capacitors, connectors, potentiometers, trimmers, magnetic circuit protection, filters, relays, switches, sensors, and discrete semiconductor devices. TTI is recognized as the industry's leader in service and quality and provides a broad array of supply chain services to its customer base. Headquartered in Fort Worth, Texas, TTI employs 2,500 with more than 50 locations throughout North America, Europe, and Asia. More information about TTI is available at www.ttiinc.com.
Vishay Intertechnology, Inc., a Fortune 1,000 Company listed on the NYSE (VSH), is one of the world's largest manufacturers of discrete semiconductors (diodes, MOSFETs, and infrared optoelectronics) and passive electronic components (resistors, inductors, and capacitors). These components are used in virtually all types of electronic devices and equipment, in the industrial, computing, automotive, consumer, telecommunications, military, aerospace, power supplies, and medical markets. Vishay's product innovations, successful acquisition strategy, and "one-stop shop" service have made it a global industry leader. Vishay can be found on the Internet at www.vishay.com.
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