Former Executive Vice President; Mitsubishi Motors North America, Inc. (MMNA) Releases New On-line Supplier Performance Rating System

Former Executive Vice President; Mitsubishi Motors North America, Inc. (MMNA) Releases New On-line Supplier Performance Rating System
Kansas City, KS, October 31, 2006 --(PR.com)-- The Performance Score, LLC announced today that it has released an On-line Supplier Performance Rating software system. Keith Lawrence, former Executive Vice President; Mitsubishi Motors North America, Inc. (MMNA) noted: “We took a very practical approach to this software system. Keep it Very simple for the user, reports and information has to be easy and intuitive. Digging through menus is not an acceptable practice. As Executive Vice President, one of my key areas of focus was supplier performance improvement and development. Automotive Manufacturers are notorious for the huge pressure they can bring to bear on their suppliers. We found much greater success by taking a collaborative approach. We were able to work with our suppliers, sharing quality, delivery, and design information, asking for their help and suggestions. Mitsubishi Motors North America was able historically to obtain much higher cost reductions using this approach. We told suppliers what was expected and measured the results. Suppliers want to know where they stand and how they are satisfying the customer.”

The Performance Score plans to deliver this solution to automotive tier one, tier two customers and their supplier’s world wide. The software, combined with C- level consultants who personally advise and assist in the training required to affect the internal changes needed, provides a true win – win situation for customers and suppliers alike. “We cannot expect our clients to reach their daily, weekly or monthly supply chain objectives unless they have superior tools to track actual performance. We are able to deliver the performance these companies require,” said Bill Cooper, Executive Vice President, The Performance Score, Canada. “Our clients can now measure and make better decisions with The Performance Score suite of tools and services.” “When you couple a tool of this sophistication with the direct, hands-on consulting that Keith is providing, you have a system that will typically save 10%, 20% even 30% on material costs for a company. Truly extraordinary results have been reported,” notes Cooper.

About Keith Lawrence
Keith Lawrence has a strong reputation in the Automotive Industry and brings time tested leadership experience to the purchasing / procurement functions of these major Automotive Suppliers. Keith has been on both sides of the Automotive Purchasing fence, as an Executive at Mitsubishi Motors North America, and as an Executive advisor for Mitsubishi Motors (MMC), Tokyo. On the supplier side he served as vice president for purchasing A.G. Simpson, Inc., one of Canada's largest automotive suppliers, responsible for purchasing activities for more than 10 facilities worldwide. “We are pleased that Keith Lawrence has developed The Performance Score’s On-line Software for their client’s supplier rating,” stated Cooper. “Keith brings focus, leadership and results to every Automotive Supplier. Now they can have best in class software products to enhance supplier results.”

About The Performance Score, LLC
The Performance Score, LLC, provides Web-based software and consultants to help tier one and tier two automotive companies or any company improve their supplier efficiency, and to improve their entire purchasing process. Customers can prepare customized Scorecards based upon multiple areas of importance to that particular company as well as a daily supplier performance dashboard tool that displays: quality, on time delivery, purchase price variance (PPV) and more. Results are hosted on-line and can be viewed 24/7, automatic alerts are provided, thus saving time and money while maximizing the savings to the company. The Performance Score, LLC is wholly owned and headquartered in Olathe, KS (866) 601-2912 www.ThePerformanceScore.com with an international field office near Toronto, Ontario, Canada and technical support offices in Springfield, Illinois. Founded in 2006, The Performance Score develops supplier intelligence, supplier management and supplier improvement software, including the world's ultimate Supplier Scorecard system.

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The Performance Score LLC
Keith Lawrence
866-219-2912
www.ThePerformanceScore.com
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