Business services provider Cintas Corporation (CTAS) recently received the pioneer Supply Horizon Award from healthcare alliance firm Premier, Inc. (PINC) as recognition for its operational excellence. The award is likely to boost employee morale and bring the relentless pursuit of the company to maintain high quality standards for its services to the forefront.
Premier is a healthcare performance improvement alliance of approximately 3,000 U.S. hospitals and 110,000 other providers. With one of the most comprehensive databases of actionable data, best practices and cost reduction strategies, it aims to reward suppliers for their support of Premier members. Cintas was adjudged as one of the 8 best suppliers for its unmatched local customer service and engagement, value creation through clinical excellence and commitment to lower costs.
The suppliers were assessed on parameters like commitment for lowering supply chain cost of Premier members, sales volume, contract value and corporate responsibility. To its credit, Cintas was found to possess the required credentials to receive the coveted award.
During the recession, Cintas had undertaken initiatives to enhance its operations by evaluating sales force productivity, optimizing routes and streamlining labor overhead. The company returned to year-over-year rental organic revenue growth in mid-2010 and has continued on the growth trajectory since then. This further enables the company to maintain its commitment to both sustainability and Corporate Social Responsibility (:CSR) initiatives.
Based in Cincinnati, OH, Cintas provides specialized services to businesses of all types throughout North America. The company designs, manufactures, implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products and first aid and safety products for diversified businesses.
Cintas presently has a Zacks Rank #2 (Buy). Other companies in the industry that warrant a look with a comparable Zacks Rank include Alliance Data Systems Corporation (ADS) and Total System Services, Inc. (TSS).
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- Cintas Corporation
- Premier, Inc.
- operational excellence