CUPERTINO, Calif.--(BUSINESS WIRE)--Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today announced it has been named to the Gartner Supply Chain Top 25 for 2015, published May 13, 2015. The rankings are designed to recognize organizations for leadership and best practice in global supply chain operations.
“Seagate is wholly focused on continuously improving the effectiveness of our entire supply chain so we can meet the needs of our customers while adapting to changes in global logistics and the macro economy,” said Bob Legendre, senior vice president of supply chain management at Seagate. “Our supply chain has become a valuable tool giving customers added confidence in Seagate’s ability to provide a sustainable supply of drives to their businesses. We are proud to be recognized alongside other industry leaders on this prestigious list and feel this is validation of our efforts to develop a world class supply chain.”
This is the second consecutive year that Seagate has ranked within the Gartner Supply Chain Top 25, advancing from twentieth in 2014 to sixteenth in 2015 as a result of the company’s continued re-engineering of business practices and strengthening of supplier relationships.
Seagate’s supply chain improvement efforts have focused on metrics to streamline and inform business operations which included developing a supplier risk database benchmarked by customers and industry leaders to gauge supplier health. An enhanced sales, inventory, operations and planning process was also implemented to assure better visibility into customer demands.
The Top 25 is selected from among 300 companies on the Fortune Global 500 and Global 2000 annual rankings. Assessment by a distinguished panel of industry and supply chain analysts, and a peer panel of supply chain professionals, are included in the scoring process that determines the Top 25.
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About the Gartner Supply Chain Top 25
“The Supply Chain Top 25 rankings comprise two main components: financial and opinion. Public financial data gives a view into how companies have performed in the past, while the opinion component provides an eye to potential and reflects future expected leadership, a crucial characteristic. These two components are combined into a total composite score.”
Gartner analysts “derive a master list of companies from a combination of the Fortune Global 500 and the Forbes Global 2000. In an effort to maintain the list of companies evaluated at a manageable level and in recognition of the inflation and growth these larger companies have experienced, we increased the general revenue threshold to $12 billion this year.” Gartner “then pares the combined list down to the manufacturing, retail and distribution sectors, thus eliminating certain industries, such as financial services and insurance.”