READING, Pa., May 23, 2019 – General Motors has honoured Penske Logistics 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.”
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 the supplier of the year award by streamlining GM’s inbound supplier network to attain multi-million dollar savings.
Penske Logistics is just one of four companies around the world to receive the GM Overdrive award 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 percent.
“We are very proud to receive these distinguished awards from General Motors,” said 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.”