Toyota Industrial Equipment Manufacturing Inc. (TIEM) recently announced the winners of its annual supplier of the year award. The Quality Cost Delivery Award is bestowed to TIEM suppliers whose quality, cost and delivery exceed a 95-percent standard of excellence.

Suppliers are evaluated based on a parts quality rate, their ability to meet cost-reduction targets and on-time delivery performance. All points are awarded based on a corresponding scale for the fiscal year.

For 2011, 12 winners earned the coveted award, from more than 130 suppliers used by TIEM. This year’s winners are Aisan, Anchor Enterprises, Apex, Champion Lift Systems Inc., Commercial Fluid, Julian Electric, NTN Bearing Company of America, Okaya U.S.A Inc., Tasus Corporation, Toyoshima, Toyotomi and US Tsubaki.

"Toyota’s suppliers are a valuable extension to our business, helping us ensure that we deliver the highest quality lift trucks to our customers," said Bruce Nolting, vice president of logistics, production control, purchasing, sales and service parts for TIEM. "This award reflects our suppliers’ commitment to excellence."

For more information, visit www.toyotaforklift.com.