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CORRECTING and REPLACING SanDisk’s Commitment to Supply Chain Excellence Recognized With Multiple Distinctions

In paragraph 6, the quote should be attributed to Kevin Iaquinto (instead of Kevin Laquinto).

The corrected release reads:

SANDISK’S COMMITMENT TO SUPPLY CHAIN EXCELLENCE RECOGNIZED WITH MULTIPLE DISTINCTIONS

The Gartner Supply Chainnovators Program and JDA Software Real Results Award Recognized SanDisk for Driving Better Supply Chain Performance and Elevating the Role of Supply Chain

SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, has been recognized in the 2014 Gartner Supply Chainnovators™ research report and has been named a winner of the JDA Software Real Results Award for 2014. SanDisk was given both distinctions for global supply chain innovations that have made a significant impact on the company and its customers.

“SanDisk’s end-to-end vertical integration and commitment to supply chain excellence have played a major role in establishing the company as a trusted leader in flash storage solutions for nearly three decades,” said Manish Bhatia, senior vice president, worldwide operations, SanDisk. “SanDisk’s supply chain capabilities are built on a combination of fundamental Operations Research modeling, advanced optimization planning systems and strong manufacturing execution. These capabilities together allow SanDisk to ship nearly two million products each day while delivering world class service to both our commercial and retail customers.”

SanDisk’s state-of-the-art products and solutions can be found in many of the world's largest data centers; embedded in advanced smartphones, tablets and PCs; and at hundreds of thousands of retail stores worldwide.

SanDisk recently made a number of advancements to further enhance the responsiveness and consistency of the company’s supply chain operations. In 2013, daily end-to-end supply chain planning and replenishment cycles, and a carefully planned manufacturing and inventory postponement strategy enabled SanDisk to improve safety stock and on-time delivery performance metrics by more than 10 percent and deliver on the original promise date more than 95 percent of the time. As a result, the company shortened its frozen production plan period, allowing for highly segmented service levels to meet customer requirements around the world.

“Gartner Supply Chainnovators is a rigorous research and recognition program that highlights the efforts of $1 billion to $10 billion companies to drive better supply chain performance and elevate the role of supply chain,” wrote Dana Stiffler, Research Vice President, et. al, Gartner. “The hurdles for selection are formidable, as companies must demonstrate above-average financial performance, large ROI on a project, or a major turnaround in quantitative and qualitative terms.”

“Congratulations to SanDisk for being named a winner of the 2014 Real Results Award,” said Kevin Iaquinto, chief marketing officer, JDA Software. “The company has taken a proactive and systemic approach to optimizing its supply chain and provides a strong example for how companies can drive greater value and efficiency within their businesses in the process.”

About the Awards

SanDisk was one of only four companies profiled through the Supply Chainnovators program, Gartner’s research program for recognizing leading-edge supply chain work among companies between $1 billion and $10 billion in annual revenue. SanDisk was evaluated for its work in the areas of postponement strategy, multi-echelon inventory optimization, late-stage product differentiation, and financial cost optimization. The report, titled “Supply Chainnovators, 2014: Harnessing Complexity to Elevate Supply Chain,” is available to Gartner clients at gartner.com.

SanDisk was selected as one of nine honorees from a pool of more than 4,000 of JDA’s global customers to receive a JDA Software Real Results Award. The JDA Software Real Results Award was presented at a ceremony during FOCUS 2014, JDA’s annual user conference in Las Vegas.

About SanDisk

SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. For more than 25 years, SanDisk has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry. Today, SanDisk’s quality, state-of-the-art solutions are at the heart of many of the world's largest data centers, and embedded in advanced smart phones, tablets and PCs. SanDisk’s consumer products are available at hundreds of thousands of retail stores worldwide. For more information, visit www.sandisk.com.

© 2014 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk logo are trademarks of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).

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