Delphi Receives DaimlerChrysler's Minority Sourcing Award
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TROY, Mich., May 17 /PRNewswire/ -- Delphi Automotive Systems (NYSE: DPH - news) announced today that is has received DaimlerChrysler's Minority Sourcing Excellence Award for its continued support and dedication to minority supplier growth and development throughout the 2000 calendar year.
(Photo: newscom.com )
``Delphi is committed to ensuring the success of minority supplier development and we are pleased to be recognized for our efforts,'' said Walter Jennings, Delphi's manager of minority supplier development. ``Minority sourcing is a criteria of DaimlerChrysler for awarding business to suppliers, and Delphi has exceeded those procurement targets through our successful minority supplier development program and initiatives.''
Delphi was presented with the award today at Detroit's Cobo Center during a supplier minority-training program sponsored by DaimlerChrysler. Jennings and Gary Skelding, account manager, DaimlerChrysler North America, accepted the award on behalf of Delphi.
Diversity of Delphi's supply base continues to be a strategic and focused initiative of Delphi's minority supplier development program. The success of Delphi's program can be attributed to the minority coordinators throughout Delphi who promote minority development on the regional councils within their respective communities.
One successful program that Delphi sponsors is the ``Automotive Matchmaker'' conference, which brings together purchasing agents from major automotive suppliers and manufacturers with minority business entrepreneurs specializing in the automotive industry. The conference is held annually in Ohio and continues to be one of the largest minority supplier conferences in the United States. The event has generated more than $100 million in new contracts to minority suppliers.
Delphi's many minority supplier development initiatives have led to an average growth rate of 13 percent annually for minority expenditures over the last three years. In 2000, Delphi achieved $529 million in minority business enterprise procurements, representing a 17 percent increase over 1999. The 2000 minority supplier procurements represent 5.2 percent of Delphi's total outside purchases. Delphi has established aggressive strategies to reach 10 percent minority procurement by 2005.
Delphi has received numerous minority development awards over the past few years including several for Corporation of the Year from the Dayton Minority Supplier Development Council (four-time winner); the Michigan Minority Business Development Council; and from the Upstate Minority Purchasing Council. In addition, Delphi previously received the Ohio Governor Bob Taft's 2000 Minority Business Development Recognition Award.
For more information about Delphi Automotive Systems, visit Delphi's Virtual Press Room at delphiauto.com .
SOURCE: Delphi Automotive Systems |
