{"id":382661,"date":"2020-11-17T07:03:19","date_gmt":"2020-11-17T12:03:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382661"},"modified":"2020-11-17T07:03:19","modified_gmt":"2020-11-17T12:03:19","slug":"dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\/","title":{"rendered":"Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MAUMEE, Ohio<\/span>, <span class=\"xn-chron\">Nov. 17, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Dana Incorporated (NYSE: DAN) announced today that it is the first company in <span class=\"xn-location\">the United States<\/span> and the first automotive supplier globally to achieve the Chartered Institute of Procurement &amp; Supply (CIPS) Procurement Excellence Program&#8217;s Standard award for its purchasing policies, processes, and procedures.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/460745\/dana_incorporated_logo_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/460745\/dana_incorporated_logo_Logo.jpg\" title=\"Dana Incorporated logo. (PRNewsFoto\/Dana Incorporated)\" alt=\"Dana Incorporated logo. (PRNewsFoto\/Dana Incorporated)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The recognition of the Standard award is the result of an in-depth assessment of Dana&#8217;s procurement practices and supply-chain operations by an independent third-party against internationally respected standards. \u00a0The assessment focuses on five key areas, including leadership and organization, strategy and policy, people, processes and systems, and performance management. \u00a0<\/p>\n<p>&#8220;Dana is built on a culture of continuous improvement, and benchmarking our purchasing activities against other global companies helps to ensure that we leverage industry best practices to the benefit of Dana and our customers,&#8221; said <span class=\"xn-person\">Craig Price<\/span>, senior vice president of purchasing and supplier development. \u00a0&#8220;This recognition from CIPS demonstrates our continued commitment to the ethical, efficient, and sustainable sourcing of materials and services.&#8221; <\/p>\n<p>The Standard award is given to companies who have demonstrated robust, effective governance for assurance and compliance in its supply chain.\u00a0 <\/p>\n<p>\n        <span class=\"xn-person\">Bill Michels<\/span>, vice president of CIPS Americas said, &#8220;Big congratulations to our colleagues at Dana for their sterling efforts in making the grade for the Procurement Excellence Programme award.\u00a0 It is not an easy route to take a good hard look at procurement processes from beginning to end, develop skills and talent and ensure that responsible and ethical procurement is high on the agenda. But I hope they continue with their journey with us to continually improve and demonstrate their commitment to world-class procurement.&#8221;<\/p>\n<p>More than 300 organizations globally have participated in the program, and the Standard certification is valid for a two-year period. <\/p>\n<p>\n        <u><br \/>\n          <b>About Dana Incorporated<br \/><\/b><br \/>\n        <\/u>Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment.\u00a0 Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.<\/p>\n<p>Based in <span class=\"xn-location\">Maumee, Ohio<\/span>, USA, the company reported sales of <span class=\"xn-money\">$8.6 billion<\/span> in 2019 with 36,000 associates in 34 countries across six continents.\u00a0 Founded in 1904, Dana has a high-performance culture that focuses on its people and has earned recognition by <i>Forbes<\/i> magazine as a World&#8217;s Best Employer. Learn more at dana.com.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL92964&amp;sd=2020-11-17\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/dana-becomes-first-us-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard-301174408.html\">http:\/\/www.prnewswire.com\/news-releases\/dana-becomes-first-us-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard-301174408.html<\/a><\/p>\n<p>SOURCE  Dana Incorporated<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL92964&amp;Transmission_Id=202011170700PR_NEWS_USPR_____CL92964&amp;DateId=20201117\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MAUMEE, Ohio, Nov. 17, 2020 \/PRNewswire\/ &#8212;\u00a0Dana Incorporated (NYSE: DAN) announced today that it is the first company in the United States and the first automotive supplier globally to achieve the Chartered Institute of Procurement &amp; Supply (CIPS) Procurement Excellence Program&#8217;s Standard award for its purchasing policies, processes, and procedures. The recognition of the Standard award is the result of an in-depth assessment of Dana&#8217;s procurement practices and supply-chain operations by an independent third-party against internationally respected standards. \u00a0The assessment focuses on five key areas, including leadership and organization, strategy and policy, people, processes and systems, and performance management. \u00a0 &#8220;Dana is built on a culture of continuous improvement, and benchmarking our purchasing activities against other global companies &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382661","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MAUMEE, Ohio, Nov. 17, 2020 \/PRNewswire\/ &#8212;\u00a0Dana Incorporated (NYSE: DAN) announced today that it is the first company in the United States and the first automotive supplier globally to achieve the Chartered Institute of Procurement &amp; Supply (CIPS) Procurement Excellence Program&#8217;s Standard award for its purchasing policies, processes, and procedures. The recognition of the Standard award is the result of an in-depth assessment of Dana&#8217;s procurement practices and supply-chain operations by an independent third-party against internationally respected standards. \u00a0The assessment focuses on five key areas, including leadership and organization, strategy and policy, people, processes and systems, and performance management. \u00a0 &#8220;Dana is built on a culture of continuous improvement, and benchmarking our purchasing activities against other global companies &hellip; Continue reading &quot;Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T12:03:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/460745\/dana_incorporated_logo_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard\",\"datePublished\":\"2020-11-17T12:03:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\\\/\"},\"wordCount\":426,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/460745\\\/dana_incorporated_logo_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dana-becomes-first-u-s-company-automotive-supplier-to-achieve-cips-procurement-excellence-standard\\\/\",\"name\":\"Dana Becomes First U.S. Company, Automotive Supplier to Achieve CIPS Procurement Excellence Standard - 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