Parker is expanding its relationship with First Index after a successful pilot program, during which Parker integrated the First Index sourcing tool into its strategic sourcing process. "We’re building on our supply chain technology platform (PHconnect) which is driving improvements throughout our supply chain," said John Dedinsky, Parker’s Vice President of Global Procurement. "First Index will help us manage our supply base with complementary global sourcing to support and accelerate Parker’s growth around the world. It’s a powerful tool that will help us sustain and improve upon the gains we’re achieving with our supply chain strategy."
Bill Burke, President of First Index, said "we are very pleased that Parker Hannifin has chosen First Index to support its strategic sourcing effort on an enterprise-wide basis, and we look forward to helping facilitate their supply chain strategy going forward."
About Parker
With annual sales exceeding $6 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 46,000 people in 44 countries around the world. For more information, visit the company's web site at www.parker.com, or its investor information site at www.phstock.com.
About First Index
First Index has been matching buyers and suppliers of engineered components for over 10 years. First Index’s global sourcing service helps large diversified manufacturers reduce their cost for engineered parts through a combination of RFQ automation, access to a global database of PROfiled suppliers, and the support of over 100 sourcing experts. Buyers source billions of dollars of parts annually with First Index in a wide variety of industries including automotive, aerospace, industrial machinery and automation, heavy equipment, electronics, energy, and medical devices. The First Index global supplier base represents the full spectrum of manufacturing processes including machining, toolmaking, metal forming, casting, forging, plastic molding, custom electronics, and finishing. First Index has sourcing capabilities throughout the world, and has offices in Whippany NJ; Spokane, WA; Basingstoke, England; and Hannover, Germany. To learn more about First Index, go to www.firstindex.com.