In 2019, Sandvik Coromant finished with $1,795,573 documented cost
savings for the second-place award. For this achievement, Stellar Industrial
Supply awarded Sandvik Coromant with $1,500 to donate to a charity of their
choice. Sandvik Coromant is proud to gift this money to Mary Bridge Children’s
Hospital of Tacoma, WA.
According to Mr. Kaleta, “Sandvik Coromant is honored to be
recognized as one of the two top suppliers for the 2019 Documented Cost Savings
award by Stellar Industrial Supply. This acknowledgement confirms that the lean
and sustainable mindset and principles our employees practice every day
actively benefits our customers. We are especially proud to apply our winnings
to the very deserving folks at Mary Bridge Children’s Hospital of Tacoma.
We look forward to continuing our efforts to document cost savings for our
customers in 2020.”
According to Stellar Industrial Supply's website, the Documented Cost Savings Program is a mutually-beneficial program where customers agree to purchase a higher volume and wider range of products but only once Stellar Industrial Supply has proven and documented cost savings to that customer. This allows Stellar Industrial Supply to create ideal customer-supplier partnerships and act as advocates for their customers to maximize inventory turns, employee efficiency and profitability.