DaimlerChrysler Receives Corporation of the Year Honor by National Minority Supplier Development Council for the Second Consecut
02 Novembre 2006 - 5:00PM
PR Newswire (US)
* DaimlerChrysler receives its fourth Corporation of the Year award
from the NMSDC for its business development leadership *
DaimlerChrysler recently receives Corporation of the Year awards
from two other minority supplier organizations * 2005 minority
sourcing equaled $3.8 billion, which represents 13 percent of total
annual supplier AUBURN HILLS, Mich., Nov. 2 /PRNewswire-FirstCall/
-- For the fourth time, DaimlerChrysler has received the
Corporation of the Year award from the National Minority Supplier
Development Council (NMSDC) for its long-term commitment and
business development leadership of minority suppliers. The award
was presented at the NMSDC's annual awards gala last night held at
the Manchester Grand Hyatt in San Diego. The Company has received
the NMSDC Corporation of the Year award four times: in 1986, 1993,
2000, and 2006. This is the third minority supplier organization to
honor DaimlerChrysler as Corporation of the Year in 2006. The
recognition also was presented by the Michigan Minority Business
Development Council (MMBDC) on October 2, in Detroit and the
Canadian Aboriginal Minority Supplier Council (CAMSC) on October
12. "Even in today's tough economic challenges, DaimlerChrysler
remains committed to creating real economic growth, development
initiatives and global opportunities for our minority suppliers,"
said Tom Sidlik, Member of the Board of Management and Executive
Vice President of Global Procurement and Supply - DaimlerChrysler.
"We accept NMSDC Corporation of the Year award as mutual partners
working diligently with our minority suppliers to strengthen our
competitiveness and build broad global opportunities for all of
us." DaimlerChrysler spent $3.8 billion with minority suppliers in
2005, which represents 13 percent of its total purchasing and an
increase of $400 million from the previous year. In the last seven
years, DaimlerChrysler has more than doubled dollars spent with
minority suppliers, from $1.7 billion in 1998 to $3.8 billion in
2005. This significant increase demonstrates its long-term
commitment to the economic development and growth of its minority
suppliers, in addition to distinguishing DaimlerChrysler as an
industry leader in minority supplier development. "DaimlerChrysler
has actively supported minority suppliers for 23 years, and we will
continue to create innovative programs and opportunities that
leverage their sustainability and growth," said Peter Rosenfeld,
Executive Vice President - Procurement Supply, Chrysler Group. "We
recognize the value in having a supply base that mirrors our
company and customer base." The primary objective of the NMSDC is
to provide a direct link between top American companies and
minority-owned businesses. NMSDC is one of the country's leading
business membership organizations. It was chartered in 1972 to
provide increased procurement and business opportunities for
minority businesses of all sizes. The NMSDC Network includes a
national office in New York and 39 regional councils across the
country. There are 3,500 corporate members throughout the network,
including most of America's largest publicly-owned, privately-owned
and foreign-owned companies, as well as universities, hospitals and
other buying institutions. The regional councils certify and match
more than 15,000 minority owned businesses (Asian, Black, Hispanic
and Native American) with member corporations which want to
purchase goods and services. "For the past 23 years,
DaimlerChrysler has worked with NMSDC to build robust programs to
meet and exceed the needs of our minority suppliers," said Jethro
Joseph, Senior Manager of Minority Supplier Development - Chrysler
Group. Matchmaker In 2000, DaimlerChrysler developed the
"Matchmaker" program, which was designed to pair minority and Tier
One suppliers, and encourage networking and the development of
long-term partnerships. The first year garnered about $15 million
in business opportunities. Since then, the program has generated
more than $1.2 billion in new business opportunities. This year,
minority and woman-owned exhibitors were invited to submit business
ideas to compete for a year-long mentorship with a Tier One
supplier. Each finalist presented their plan to the Tier One panel
of judges at the Matchmaker event. Production Springs of Roseville,
Mich., was chosen as the winner and will be matched with Tier One
supplier Robert Bosch Corporation, for a one-year mentorship.
Minority Enterprise Initiative (MEI) The much-heralded Minority
Enterprise Initiative is one of the first programs to link auto
manufacturers with minority suppliers and a financial institution
(Comerica Bank), and one of the only automotive initiatives to
address all aspects of a supplier's business. MEI was developed to
help minority suppliers improve technical capabilities and increase
quality and performance. Results of the program show that
participating suppliers have increased their business with
DaimlerChrysler by an average of 30 percent -- which is more than
$240 million in new business for minority companies. In addition,
the MEI program has generated more than $95 million in new capital
loans for suppliers through Comerica Bank. Additional Programs
Benefiting Minority Businesses In November 2004, DaimlerChrysler
hosted 15 minority-owned U.S.-based suppliers on a business
opportunity mission to South Africa to build economic bridges
between the U.S. suppliers and their black-owned South African
counterparts. The trip helped Chrysler Group's minority-owned
suppliers become more globally competitive by opening doors of
opportunity for South African black-owned businesses, while South
Africa's developing automotive industry benefited from the exposure
to U.S.-based suppliers. Supplier Diversity Web Site Introduced in
2005, the company's Supplier Diversity Web site is designed to
identify and register potential suppliers. For minority-owned
suppliers, it serves as a resource to build relationships and
understand specific procurement requirements. For the Chrysler
Group, it captures suppliers' capabilities and experience, and
helps identify potential suppliers for specific procurement needs.
DATASOURCE: DaimlerChrysler CONTACT: Angela Ford, +1-248-512-2986,
, or Curtrise Garner, +1-248-512-2712, , both of Chrysler Group Web
site: http://www.media.daimlerchrysler.com/
http://www.daimlerchrysler.com/
Copyright