Inaugural Annual Awards Program Also Honors Wakely & Associates, Genpact, Transaction Applications Group and SASRICHMOND, Va., Dec 19, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial, Inc.
(NYSE: GNW) has awarded its first annual Strategic Supplier of the Year Award
to Direct Mail Solutions of Richmond, Virginia. The new awards target an
elite group of suppliers that help Genworth achieve its product, service and
cost goals.
"With more than 2,000 total suppliers and 40 Strategic Suppliers
worldwide, this is a great accomplishment for Direct Mail Solutions," said
Francois Kouroriez, who oversees Genworth's supplier programs. "The purpose
of our program is to foster and reward innovation, continuous improvement and
cost performance. Direct Mail Solutions embodies all those traits."
Direct Mail Solutions (DMS) provides direct mail and fulfillment services.
"This is a tremendous recognition for a 70-employee company competing with so
many dynamic national and international organizations," said Chris Moore,
president and chief executive officer of Direct Mail Solutions. "It is very
rewarding to receive this recognition but more importantly, this award
recognizes how two organizations can work collaboratively for the mutual
benefit of both."
Genworth's Supplier Relationship Manager Christine Mitchell adds, "DMS
clearly understands our business and our business needs. Throughout the year,
we have partnered to brainstorm how to improve data, processes and mailings.
Together we implemented these ideas, creating a true definition of what great
teamwork should be. DMS demonstrates our values with every interaction."
"The very nature of supplier relationships has changed over the years and
in today's highly competitive world, both buyers and sellers must establish
and develop long-term collaborative relationships in order to build the
partnership they need to compete and grow," Kouroriez explained. "The
Genworth Strategic Supplier Partnership Program has provided a great
alternative to the often shortsighted pursuit of near-term price savings and
frequent re-bidding and is helping us instead focus our energy on continuous
improvement and long-term cost performance."
The awards are based on Genworth's four core values of Performance,
Ingenuity, Clarity, and Heart. In addition to the overall award to Direct
Mail Solutions, other suppliers were recognized for each core value:
- Performance: Wakely and Associates, Inc., Clearwater, Florida -- an
industry leader in providing administrative services to life and health
insurance and reinsurance companies.
- Ingenuity: Genpact, New York (US) -- a global provider of high-quality
business and technology services.
- Clarity: Transaction Applications Group (TAG) -- a leading provider of
policy administration and business process services to the life insurance
industry.
- Heart: SAS, Cary, North Carolina (US) -- a global leader in data analysis
system solutions.
About Genworth
Genworth Financial, Inc. (NYSE: GNW) is a leading insurance holding
company, serving the lifestyle protection, retirement income, investment and
mortgage insurance needs of more than 15 million customers, and has operations
in 24 countries, including the U.S., Canada, Australia, the U.K. and more than
a dozen other European countries. For more information, visit
http://www.genworth.com.
SOURCE Genworth Financial, Inc.
Tom Topinka of Genworth Financial, Inc., +1-804-662-2444, or
Thomas.topinka@genworth.com
