OREANDA-NEWS. The Bosch Group has presented the Bosch Global Supplier Award to its best suppliers. In total, the technology and services company has honored 38 suppliers out of nine countries with awards in five categories. This is the thirteenth time that Bosch has given the Supplier Award to companies that have manufactured and supplied products or services particularly well. “The Bosch Global Supplier Award serves both as recognition and inspiration. In awarding it to our top suppliers, we aim to motivate all our other suppliers to perform just as well,” said Dr. Volkmar Denner, chairman of the Bosch board of management, during the award ceremony in Stuttgart.

Innovations drive competitiveness

The theme of this year's presentation of the Bosch Global Supplier Award was “Innovation - drives competitiveness.” For the first time, there was an award in the new “innovation” category, which went to the Japanese company Shin-Etsu Chemicals Co., Ltd. for its development work on magnets. Bosch uses these in its ABS systems and engines, among other applications. Dr. Stefan Asenkerschbaumer, the Robert Bosch GmbH board of management member responsible for purchasing and logistics, said during the ceremony: “Innovative strength is a key prerequisite for keeping Bosch competitive,” adding that suppliers are important partners in this. Asenkerschbaumer also sees innovations as being of great benefit to suppliers: “Everyone stands to gain from innovations. In the competition to win orders from Bosch, new ideas and inventive approaches are more important than ever.” He went on to say that suppliers can use their innovations to open up new markets and new business opportunities for themselves.