Suppliers are evaluated based on a parts rejection rate, their ability to meet cost reduction targets and on-time delivery performance. All points are awarded based on a corresponding scale for the fiscal year.
"Toyota has ranked highest in quality and value in independent research for five consecutive years,” says Bruce Nolting, vice president of purchasing for Toyota Industrial Equipment Mfg. Inc. “We are thrilled to recognize these companies for their excellence in the industry.”
This year’s winners are:
In addition to the 10 recipients of the QCD Award, three suppliers received a Special Service Award for their exceptional kaizen and quality improvements. Wayne Metals, Toyota Tsusho America, and Precision Hydraulic Cylinders were recognized in this category.
Award recipients were honored during a ceremony at the TIEM production facility in Columbus, IN, during the annual supplier conference.
For more information, visit www.toyotaforklift.com.