READING, Pa., May 23, 2019 /PRNewswire/ -- Penske
Logistics has been honored by General Motors with the
2018 Supplier of the Year and 2018 Overdrive Awards at a recent
ceremony in Warren, Michigan.
"We hold our suppliers to a high bar," explained Steve Kiefer, GM senior vice president of global
purchasing and supply chain. "They went above and beyond to deliver
the innovations and quality that will help us earn customers for
life."
Supplier of the Year Award
According to GM, requirements were based on performance criteria
in product purchasing, global purchasing and manufacturing
services, customer care and aftersales and logistics. This award
recognizes GM suppliers who consistently exceed expectations,
create outstanding value and introduce innovations to their supply
chain operations. Penske Logistics provides lead logistics provider
services and won this award by streamlining GM's inbound supplier
network to attain multi-million dollar savings.
Overdrive Award
Penske Logistics is just one of four companies around the world
to receive this accolade. This distinction highlights organizations
that exhibit extraordinary leadership in cultural change and
commitment initiatives that helped lead GM to a successful year.
Penske Logistics drove supply chain improvements in GM's
transportation network and was able to reduce costs by nearly
25%.
"We are very proud to receive these distinguished awards from
General Motors," remarked Marc
Althen, Penske Logistics president. "Our associates have
proven time and again that we can aid our world-class customers in
operating state-of-the-art supply chains structured to maximize
efficiencies and remain nimble in a fluid marketplace."
General Motors (NYSE:GM) is committed to delivering safer,
better and more sustainable ways for people to get around. General
Motors, its subsidiaries and its joint venture entities sell
vehicles under the Cadillac, Chevrolet,
Baojun, Buick, GMC, Holden, Jiefang and Wuling
brands. More information on the company and its subsidiaries,
including OnStar, a global leader in vehicle safety and
security services, Maven, its personal mobility brand, and
Cruise, its autonomous vehicle ride-sharing company, can be found
at http://www.gm.com.
Penske Logistics is a wholly-owned subsidiary of Penske Truck
Leasing. With operations in North
America, South America,
Europe and Asia, Penske Logistics provides supply chain
management and logistics services to leading companies around the
world. Penske Logistics delivers value through its design, planning
and execution in transportation, warehousing and freight
management. To learn more visit www.penskelogistics.com.
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SOURCE Penske Logistics