GM in Detroit honors its Korean suppliers with award

GM Korea, the Korean unit of the United States automaker General Motors, said yesterday that its 19 Korean suppliers were recognized at the 21st annual General Motors Supplier of the Year awards held in Detroit Wednesday.

The GM Supplier of the Year program began in 1992. Each year a global team of GM purchasing, engineering, quality, manufacturing and logistics executives determines the winners. Suppliers are recognized for delivering innovative technology, superior quality, timely crisis management and competitive, total-enterprise cost solutions.

The influence of Korean suppliers on GM has been growing steadily. Since 2008, only American suppliers have received more Supplier of the Year awards than Korean suppliers. But for this year, local suppliers accounted for more than 20 percent of the 83 suppliers from around the globe that received the honor for this year.

“This is a testimony of the wider role GM Korea Suppliers play in GM global purchasing footprint,” Johnny Saldanha, GMIO vice president, Global Purchasing and Supply Chain said in a release. “They not only support GM Korea with parts supply, but also export parts from Korea to GM manufacturing facilities world-wide.”

Bloomberg