Cummins Salutes Diverse Suppliers; Encourages Them to Seize "Opportunities" to Grow with the Company
COLUMBUS, IND. -- Five companies, including three from Indiana have been named as Cummins Inc.’s first Diverse Suppliers of the Year.
The companies were honored at a recent dinner and trade show attended by top Cummins officials including Chairman and Chief Executive Officer Tim Solso, Vice Chairman Joe Loughrey and President and Chief Operating Officer Tom Linebarger.
Solso said Cummins is poised for rapid growth over the next five years, entering new markets and developing new products.
“That means a lot of opportunities for our supply base,” said Solso, who earlier this year doubled Cummins’ goal to $1 billion in spending with minority-owned businesses by 2012. “We are very serious about what we are doing.”
Four different Cummins businesses and the Company’s indirect purchasing organization named diverse suppliers of the year. The suppliers were chosen for their high quality goods and services, dedication to efficiency and cost cutting, and their commitment to public service.
The winning companies are:
• Turbocam International of Barrington, N.H. Turbocam, which provides Cummins with a variety of machining products, was named Diverse Supplier of the Year by Cummins Turbo Technologies.
• Columbus, Ind.-based LHP Software LLC. LHP was named Diverse Supplier of the Year by Indirect Purchasing. LHP has been a key partner as Cummins has increased the use of electronic controls in its engines.
• Beachwood, Ohio-based MCM Industries Inc. MCM was named Cummins Filtration’s Diverse Supplier of the Year. The company offers a number of products including bearings, roller chains, castings and springs.
• Telamon Corporation of Carmel, Ind. Telamon was named Cummins Engine Business Diverse Supplier of the Year. The company provides Cummins with kitting, subassemblies and inventory management. It also is involved in a logistics contract that is helping Cummins obtain significant savings in currency exchange and inventory related costs.
• Columbus Components Group (CCG). Columbus, Ind.-based CCG was named as Cummins Emission Solutions Diverse Supplier of the Year. CCG provides Cummins with complex stampings and welded assemblies.
Cummins embraces supplier diversity for two primary reasons:
• Helping diverse suppliers develop leads to greater competition for the Company’s business and ultimately lower prices and better service.
• In addition, the initiative is designed to help build wealth throughout the communities where Cummins’ employees live and work.
Cummins Director of Diversity Procurement Gordon F. Fykes called the dinner and trade show a rousing success.
“A lot of our top diverse suppliers got the chance to meet people from throughout the Company,” Fykes said. “I’m confident that will lead to good things in the future.”
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