MAUMEE, Ohio, Nov. 17, 2020 /PRNewswire/ -- Dana
Incorporated (NYSE: DAN) announced today that it is the first
company in the United States and
the first automotive supplier globally to achieve the Chartered
Institute of Procurement & Supply (CIPS) Procurement Excellence
Program's Standard award for its purchasing policies, processes,
and procedures.
The recognition of the Standard award is the result of an
in-depth assessment of Dana's procurement practices and
supply-chain operations by an independent third-party against
internationally respected standards. The assessment focuses
on five key areas, including leadership and organization, strategy
and policy, people, processes and systems, and performance
management.
"Dana is built on a culture of continuous improvement, and
benchmarking our purchasing activities against other global
companies helps to ensure that we leverage industry best practices
to the benefit of Dana and our customers," said Craig Price, senior vice president of purchasing
and supplier development. "This recognition from CIPS
demonstrates our continued commitment to the ethical, efficient,
and sustainable sourcing of materials and services."
The Standard award is given to companies who have demonstrated
robust, effective governance for assurance and compliance in its
supply chain.
Bill Michels, vice president of
CIPS Americas said, "Big congratulations to our colleagues at Dana
for their sterling efforts in making the grade for the Procurement
Excellence Programme award. It is not an easy route to take a
good hard look at procurement processes from beginning to end,
develop skills and talent and ensure that responsible and ethical
procurement is high on the agenda. But I hope they continue with
their journey with us to continually improve and demonstrate their
commitment to world-class procurement."
More than 300 organizations globally have participated in the
program, and the Standard certification is valid for a two-year
period.
About Dana Incorporated
Dana is a world leader in
providing power-conveyance and energy-management solutions that are
engineered to improve the efficiency, performance, and
sustainability of light vehicles, commercial vehicles, and
off-highway equipment. Enabling the propulsion of
conventional, hybrid, and electric-powered vehicles, Dana equips
its customers with critical drive and motion systems;
electrodynamic technologies; and thermal, sealing, and digital
solutions.
Based in Maumee, Ohio, USA, the
company reported sales of $8.6
billion in 2019 with 36,000 associates in 34 countries
across six continents. Founded in 1904, Dana has a
high-performance culture that focuses on its people and has earned
recognition by Forbes magazine as a World's Best Employer.
Learn more at dana.com.
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SOURCE Dana Incorporated