CEVA receives Award for Excellence in Procurement Policies and Procedures
20 May 2009 - 12:36 CET
London, UK, 20 May 2009 - The Global Procurement team at CEVA Logistics, one of the world's leading providers of supply chain logistics services, today received a prestigious accreditation award from The Chartered Institute of Purchasing & Supply (CIPS). CIPS is a leading body representing the field of purchasing and supply chain management. Its certification programme is an established benchmark of excellence in organisational procurement competence.Awarded to date to an elite group of around 70 private organisations worldwide, this accreditation recognises CEVA's outstanding procurement policies, procedures and world class working practices.
Based in London UK, Global Procurement is a function within CEVA that operates a centre-led strategy, unifying and coordinating procurement activities across its global operations, covering in excess of €3.5b in multi-regional spend. The accreditation process involved a rigorous external audit to evaluate a wide range of subject matter ranging from procurement process methodology, code of operating integrity through to supplier relationship management and environmental strategy.
Commenting on the award, Simon Boggis, Chief Procurement Officer at CEVA said, "We are delighted and honoured to receive this accolade, it recognises and embodies CEVA's values in striving for excellence at all levels. As a Global Procurement team we are fully focused on continually improving our services for all our customers and this award only serves to reinforce the key strategic importance that Procurement plays within CEVA today".
"The Global Procurement team at CEVA Logistics has come a very long way since it was set up only three years ago," remarked Mike Mari, Head of Certification at CIPS. "There is an excellent team ethic and absolute clarity of the role and objectives of the Global Procurement organisation. The benefits tracking and reporting mechanisms were designed and agreed with the Board Director of Finance to drive cost out on a global basis and support effective business objectives, and this sponsorship underpins the connectivity the Global Procurement enjoys within the whole organisational structure."
For more information contact:
Rebecca Salt
+44 (0) 208 894 8215
Rebecca.Salt@cevalogistics.com
CEVA. Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. For more information, please visit www.cevalogistics.com.
About CIPS
The Chartered Institute of Purchasing & Supply (CIPS) is the leading international body representing purchasing and supply management professionals. It is the world-wide centre of excellence on purchasing and supply management issues. CIPS has almost 54,000 members in 150 different countries, including senior business people, high-ranking civil servants and leading academics. The activities of purchasing and supply chain professionals can have a major impact on the profitability and efficiency of all types of organisation.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT of 1995:
The statements included in this news release, and other statements that are not historical facts, may contain forward-looking statements. In addition to the assumptions specifically mentioned in the above paragraphs, there are a number of other factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the process of combining EGL and CEVA, the actual effects of recent and future regulatory changes and technological developments, globalization, levels of spending in major economies, the economic downturn in Asia, Europe and the US, including the economic downturn in the automotive sector, levels of marketing and promotional expenditure, actions of competitors and joint venture partners, employee costs, future exchange and interest rates, changes in tax rates, unexpected costs of future business combinations or dispositions and other factors detailed in risk factors and elsewhere in CEVA most recent Annual Reports. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's annual and quarterly reports, available on the Company's website. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
