Lennox Joins Key Global Forum on Operations Management
DALLAS, Sept. 6 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) has joined other global business leaders as a member of the Operations Management Roundtable (OMR), which provides unlimited access via the Internet to best practices information, research support, education, and networking services for operations executives worldwide.
"Our previously-announced partnership with BayBuilder(TM), the leading Internet procurement price negotiation tool provider, is allowing us to efficiently aggregate our corporate-wide spending on direct and indirect goods and services using the Internet, resulting in significant cost and time savings," said Bob Schjerven, Lennox International's chief executive officer. "Joining the OMR will further enhance our efforts in this critical area, allowing us to explore and share supply chain initiatives with other of the world's leading companies."
Companies participating in OMR include General Electric, Intel, Nokia, Honeywell, Hewlett-Packard, Coca-Cola, Nike, DuPont, Xerox, and many others. Guided continuously by member feedback, OMR's mission is to increase the effectiveness of executives and their enterprises by identifying and communicating the best strategies in the operations arena. OMR strives to influence the thinking and decision-making of their members by chronicling the successes of institutions pioneering the most innovative, and potentially most pivotal, strategies in operations management.
"OMR will help us identify additional cost savings and cost management opportunities by giving us convenient access to a global library of valuable supply chain information," Schjerven said. "Using OMR's extensive resources, we will continue to aggressively seek ways to increase the efficiency of our supply chain, lower our costs, and enhance shareholder value."
A Fortune 500 company operating in over 70 countries, Lennox International Inc. is a global leader in the heating, ventilation, air conditioning, and refrigeration markets. Lennox International stock is traded on the New York Stock Exchange under the symbol "LII". Additional information is available at: http://www.lennoxinternational.com or by contacting Karen O'Shea, vice president, communications and public relations, at 972-497-5258.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see Lennox' publicly available filings with the Securities and Exchange Commission. Lennox disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Lennox International Inc.
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CONTACT: Karen O'Shea, vice president, communications and public relations of Lennox International Inc., +1-972-497-5258