Cummins, Inc. Selects ZoneTrader as Its Surplus Asset Management and Disposition Provider; Cummins to Develop a Strategic Surplus Asset Management Program.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Sept. 5, 2001 ZoneTrader, Inc., a leading full-service asset management and disposition provider specializing in surplus asset management, announced today that Cummins, Inc. has awarded ZoneTrader a three-year agreement that will include ZoneTrader's Surplus Asset Management (SAM) program, a customized version of ZoneTrader's web-enabled redeployment re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. tool AssetZone(TM), and complete disposition services. Cummins, a leading provider of products and services for customers in markets worldwide for engines, power generation, and filtration, will use ZoneTrader's SAM Program to help meet corporate objectives of monetizing surplus assets and developing a strategic program that will continue to produce value year after year. "We are dedicated to further driving out costs while maintaining the quality and reliability our customers demand and have come to expect from Cummins," said Steve Miller The name Steve Miller might refer to:
In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and Capital Procurement for Cummins. "To help achieve this goal, we will focus on the efficient management and sale of non-strategic assets and underutilized properties. ZoneTrader's extensive experience in investment recovery combined with their audit and field team experts will be invaluable to Cummins in this initiative." ZoneTrader is the first company to apply the fundamental principles and discipline of supply chain management to asset chain management - helping companies visualize their surplus assets and achieve higher levels of efficiency. ZoneTrader's Surplus Asset Management Program helps companies strategically identify, redeploy re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. and dispose of surplus assets by way of its investment recovery experts, a customized and secure web-enabled utility called AssetZone(TM), plus a host of proven disposal channels. "ZoneTrader is pleased to be working with Cummins, supporting them in their strive towards higher efficiencies and generating optimal value from their surplus and idle assets," said David Gigerich, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of ZoneTrader. "We believe through the development, implementation and management of a strategic surplus asset management program, Cummins will see immediate and long-term benefits enterprise-wide." About Cummins, Inc. Cummins, headquartered in Columbus, Ind., is the world's largest producer of commercial diesel engines above 50 horsepower horsepower, unit of power in the English system of units. It is equal to 33,000 foot-pounds per minute or 550 foot-pounds per second or approximately 746 watts. . The company provides products and services for customers in markets worldwide for engines, power generation, and filtration. Cummins home page on the Internet can be found at www.cummins.com. About ZoneTrader ZoneTrader, recently named one of Forbes Magazine "Best of the Web" for excess inventory, is a leading full-service surplus asset management and disposition provider. ZoneTrader helps make surplus and idle assets visible within our client's entire enterprise. Once surplus assets are identified a company can redeploy or dispose of them to an external market, optimizing their capital asset utilization. ZoneTrader specializes in working with companies in the automotive, technology, food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. and petrochemical industries. Customers include Ford Motor Company, The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. , Sprint, Riverstone Networks Riverstone Networks, was a provider of networking switching hardware based in Santa Clara, California. Originally part of Cabletron Systems, and based on an early acquisition of YAGO, it was one of the many Gigabit Ethernet startups in the mid 1990's. , BP Amoco and other Global 1000 companies. For more information, visit ZoneTrader's web site at http:/www.zonetrader.com, call 763-543-5288 or send your request by email to info@zonetrader.com. |
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