Tacoma, WA, January 17, 2019 — Stellar Industrial Supply, which distributes more than 35,000 MRO (maintenance, repair and operation) products and tools from more than 1,500 brands for Safety, Metalworking, Marine Supply, Aerospace, and other general manufacturing and processing organizations, and also offers customized Indirect Material Management solutions, today named Fullerton Tool Company, Inc. as its 2018 Supplier of the Year award winner.
The Stellar Industrial Supply Supplier of the Year award recognizes the strong partnership between Stellar Industrial Supply and Fullerton, and the commitment by Fullerton to deliver on the Stellar Industrial mission to consistently deliver to joint customers integrity, exemplary experiences, enhanced value and cost savings.
The Stellar Industrial Supply Supplier of the Year award is based on the following criteria:
*Exemplifies the Stellar Vision
*Delivers the highest level of integrity to our joint customers
*Supports the partnership in every way, every day
*Consistently goes above and beyond customer service to deliver exemplary customer experiences
*Repeatedly drives value for Stellar and its mutual customers
“The overriding vision driving Stellar Industrial Supply is to create “Ideal Customer-Supplier Partnerships” that enable the company and our partners like Fullerton to act as advocates for our joint customers and their best interests. Together, we deliver a great value proposition to our customers. Fullerton is an outstanding partner who demonstrates that commitment daily, in fact, in 2018 Fullerton and Stellar delivered nearly $700,000 to our customers in customer approved documented cost savings. Fullerton is a great company with which to do business. They are highly progressive and flexible, invest in new product development constantly and help us drive customer profit improvements,” said Stellar Industrial Supply President and CEO John S. Wiborg.
Supporting that customer-supplier vision overall for Stellar Industrial Supply is its Documented Cost Savings Program (DCS). Here, Stellar collaborates with its supplier partners to bring innovative and/or new and more efficient solutions to customers, geared to maximize production and enhance overall profitability. In 2018 alone, Stellar and its DCS partners combined to save more than $20.3 million in customer approved documented cost savings. By way of example, 3M and Stellar saved customers more than $5.3 million, while Sandvik Coromant and Stellar saved joint customers more than $2.3 million.
To date, since inception in 2010, the DCS program has generated more than $103 million in customer approved documented cost savings.
Related Glossary Terms
Any manufacturing process in which metal is processed or machined such that the workpiece is given a new shape. Broadly defined, the term includes processes such as design and layout, heat-treating, material handling and inspection.