|By Marketwired .||
|July 24, 2014 07:00 AM EDT||
COLUMBUS, IN--(Marketwired - July 24, 2014) - For the third consecutive year, Cummins Inc. (NYSE: CMI) was one of only two industrials recognized by Gartner as a top 25 supply chain company in its annual survey.
The survey was released by Gartner during their recent Supply Chain Executive Conference. In Gartner's tenth year of ranking supply chain companies, Cummins joins the likes of Apple, Amazon, Unilever and Procter & Gamble for supply chain excellence. The ranking is based on financial performance and an evaluation of our supply chain performance by Gartner analysts and industry peers.
"Our efforts in supply chain continue to focus on bringing value to our customers and shareholders, and I am very pleased with our progress," said Lisa Yoder, Vice President of Global Supply Chain. "There is outstanding supply chain work being done at all levels of our company, and our Gartner ranking is good recognition of our ongoing work. We can use this recognition to stay focused on our vision and the delivery of our critical initiatives."
At the heart of the Supply Chain Top 25 is the notion of demand-driven leadership. Gartner has been researching and writing about demand-driven practices since 2003, highlighting the journey companies are taking -- from the old "push" model of supply chain to one that integrates demand, supply and product into a value network that orchestrates a profitable response to ever-shifting changes in demand.
This year Cummins was recognized for its journey toward full end-to-end integration across its functions and business units. Cummins is currently driving improvement efforts in areas such as supply chain segmentation into common business models, supply network design optimization and synchronized business planning.
"I'm thrilled that Gartner recognized our synchronized business planning implementation as a leading approach within the industry," said Theodosia Rush, Supply Chain Planning and Logistics Executive Director. "While there remains a great deal of work to fully realize the vision of market driven supply chains, the recognition clearly indicates we are on the right path."
This significant achievement continues to reflect the hard work and efforts focused on one of our company-wide growth accelerators -- achieving supply chain excellence.
Our vision, to establish reliable, market driven supply chains to enable profitable growth requires us to continue to define supply chains that begin and end with meeting and exceeding customer demands while consistently delivering superior value in a "fit for market" environment. The ongoing supply chain transformation has a far reaching impact across the organization and drives us to focus our resources and initiatives not only on "functional excellence" but also on becoming excellent at "winning at the hand-offs" between businesses and functions.
"We are moving in the right direction and will continue to bring our Supply Chain strategies to life. We will build on the momentum we have created over the last three years to bring even more value to our customers and company," Yoder said.
Gartner, Inc. is the world's leading information technology research and advisory company. Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 6,100 associates, including more than 1,460 research analysts and consultants, and clients in 85 countries.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 48,000 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.48 billion on sales of $17.3 billion in 2013. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at @Cummins and on YouTube at CumminsInc.
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