Boeing Honors Folsom Tool Corp. for Exceptional Performance
SAN DIEGO, April 19, 2013 – Boeing [NYSE: BA] on April 18 presented Folsom Tool Corp. with a Boeing Supplier of the Year award for its exceptional performance and contributions to Boeing’s overall success during 2012.
The Aston, Pa.-based company was one of 16 companies and one university to receive a Supplier of the Year award, presented during a ceremony at the San Diego Convention Center.
“These partners are critical to helping Boeing provide our customers the most affordable, highest quality products and services possible,” said Jack House, leader of Boeing’s Supplier Management function. He added that Boeing must have a global supply chain that is capable of recognizing and reducing risk, while demonstrating a strong commitment to customer service and consistent performance excellence.
The Boeing global supply chain is among the most geographically dispersed in manufacturing. The company annually purchases more than $50 billion in goods and services from more than 23,000 suppliers around the world.
The selection of the winning suppliers is based on statistical measurements of quality, on-time delivery, post-delivery support, cost and their ability to anticipate and respond to changing customer requirements.
Folsom Tool was honored in the category of outside manufacturing. For more information, see this video.