Tata Aerospace & Defence was recognised on Friday by The Boeing Company (Boeing) with the coveted award of “Supplier of the Year.” The Indian company was amongst nine suppliers that were awarded out of more than 11,000 suppliers worldwide.
“The award is given to a supplier who contributes to Boeing’s success by sharing risk and through long-term relationships that support and advance our strategic objectives,” stated Boeing.
In a press release on Friday, Boeing announced that, for the first time, it was also recognising firms for “proactively managing supply chain quality, readiness and health and delivering on Boeing’s commitment to advance global sustainability.”
According to a press release by Boeing, the award categories are: Supplier Diversity, Outstanding Performance, Alliance, Pathfinder, Supply Chain Visibility, Collaboration, Sustainability, Risk Management and Support & Services. For the first time, a Sustainability Supplier of the Year was awarded to demonstrate the importance of collaboration to drive sustainability across the supply chain.
“Each Boeing Supplier of the Year delivered impressive performance as our entire industry collaborated to drive stability through a challenging environment,” said William Ampofo of Boeing Global Services.
“They did an outstanding job maintaining our high standards – a focus on operational excellence, quality and reliability – that allow Boeing to continue to earn the trust of our stakeholders, customers and the flying public.”
Boeing stated that it works with nearly 11,000 active suppliers worldwide and spends approximately $37 billion in supplier payments every year.
Another Indian firm, Rossell TechSys, has twice been nominated “Supplier of the Year” by Boeing in the last decade.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor