Cummins and Eli Lilly Join Forces to Help Minority-Owned Businesses.INDIANAPOLIS -- Cummins Inc. (NYSE NYSE See: New York Stock Exchange : CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) and Eli Lilly Eli Lilly can refer to:
The two companies are sponsoring a workshop July 15 on Six Sigma Not to be confused with Sigma 6. Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications. , the business problem-solving technique credited with saving corporations millions of dollars annually, as part of the Black Business Conference at the 38th annual event in Indianapolis. "Lilly has successfully used Six Sigma for more than three years," said Liz Klimes, Vice President of Six Sigma for the pharmaceutical company. "We're pleased to have an opportunity to share our expertise and experience with local businesses." "Companies that undertake this training will see increased opportunities not only as a supplier to Cummins but as a supplier to any number of other leading corporations," said Gordon F. Fykes, Director of Diversity Procurement for Cummins, which produces diesel engines and related technology as well as power generation systems.
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2 - 6 p.m.
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July 15, 2008.
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Indiana Convention Center, Room 201.
Six Sigma seeks to reduce waste and variability through a data-driven analysis that allows businesses to identify the crux of a problem free of distortions and distractions that might be obscuring a solution. Lilly and Cummins have been using the technique for several years but it is not as widely used by small businesses. "Six Sigma is not easy for any company to embrace regardless of size," said George Strodtbeck, Cummins' Executive Director of Corporate Quality and Cummins Operating System operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and an expert on the business problem-solving technique. "But it works for any organization willing to devote the appropriate energy necessary to make broad-based change." The workshop will include an overview of Six Sigma from 2 to 4 p.m. followed by a panel discussion from 4 to 6 p.m. that will include minority and women-owned business leaders who have used the technique successfully. The 38th annual Indiana Black Expo Indiana Black Expo is a non for-profit organization headquartered in Indianapolis, Indiana that is responsible for overseeing the state's two largest cultural events: the Indiana Black Expo Summer Celebration, and the Coca-Cola Circle City Classic. Summer Celebration runs from July 10 to July 20 in Indianapolis. Here are some other Cummins events at Summer Celebration: * Professional Networking and Business Card Exchange Minority business owners can ask questions of leaders from top companies across Indiana Across Indiana is a weekly 30 minute long documentary-style television program which covers places, people, history and culture across Indiana. Hosted by Michael Atwood, Across Indiana and the nation at this networking event sponsored by Cummins, Allstate, United Water and Hunt Construction. When: 6 p.m. - 9 p.m. July 15, Indiana Convention Center The Indiana Convention Center is a convention center located in Indianapolis, Indiana. It contains over 400,000 square feet (0 m) of open exhibit space and almost , Wabash Ballroom 1 and 2 * NMMI NMMI New Mexico Military Institute Workshop National Minority Manufacturing Institute (NMMI) Founder and 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. David J. Burton will teach participants how to develop key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. so they can evaluate such things as supply chain performance. When: 9 - 11 a.m., July 16, 2008, Indiana Convention Center, Room 201. * Employment Opportunity Fair Cummins is a co-sponsor of the Employment Opportunity Fair at the Indiana Black Expo's Summer Celebration, providing visitors with information about jobs at the Company as well as help with resumes and much more. When: 9 a.m. - 7 p.m., July 17, Indiana Convention Center, 500 Ballroom. * Consumer Booth Exhibitor Fair Visitors will be able to learn more about the Company and its products and the Consumer Booth Exhibitor Fair at the Indiana Convention Center's Exhibit Hall. When: noon to 9 p.m., July 18; 10 a.m. - 10 p.m., July 19; noon to 6 p.m., July 20. About Cummins Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana Columbus (IPA: [kəˈlʌm.bəs]) is the county seat of Bartholomew County, Indiana. The population was 39,059 at the 2000 census. The current mayor is Fred Armstrong. , (USA) Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $739 million on sales of $13.05 billion in 2007. Press releases can be found on the Web at www.cummins.com. Forward-Looking Disclosure Statement Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings. |
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