Check icon

Success

Your request has been successfully submitted.

HONEYWELL RECEIVES "SUPPLY CHAIN VENDOR OF THE YEAR" AWARD FROM JOHNSTONE SUPPLY

MINNEAPOLIS, Oct. 7, 2009 Honeywell (NYSE: HON) Honeywell was recently awarded the 2009 "Supply Chain Vendor of the Year" award from Johnstone Supply."We are honored to receive this award from Johnstone Supply," said Jeff Irmer, vice president of sales for Honeywell Environmental and Combustion Controls. "We are committed to providing consistent and quality support to Johnstone Supply and all of its members."The "Supply Chain Vendor of the Year" award is based on several performance criteria, including low purchase order minimums, consistent lead time performance, low stock-out rate as compared to all Johnstone vendors, low backorder rate as compared to all Johnstone vendors, minimum discrepancies as a percent of total shipments and timely customer service."Despite an intensive line of products, Honeywell has consistently low backorders and stock-outs for our key A and B products," said Ray Kernagis, vice president of supply chain for Johnstone Supply. "Additionally, Honeywell goes above and beyond the call of duty and provides outstanding customer service to all of our members," said Kernagis.Success MetricsKey success metrics include:Average days to fill backorders Johnstone's vendor average is eight days compared to Honeywell's six-day averageLead-time performance The combined Johnstone vendor average is 14 days; Honeywell's average is 12 days.Receiving discrepancies Honeywell ranks among the best in this categoryJohnstone Supply 2009 "Supply Chain of the Year" AwardVisit www.customer.honeywell.com to learn more about Honeywell's products and services.Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Environmental & Combustion Control is part of the Honeywell Automation and Control Solutions business group, providing integrated product solutions in heating and heating processes, ventilation, cooling and refrigeration, air filtration, zoning, humidification, air conditioning, water controls and processes, electrical devices and systems, lighting control, buildings controls, switches, sensors and controllers. ECC's technologies are found in more than 150 million homes, 10 million buildings, and a multitude of manufacturing plants around the world.This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.