Wal-Mart Names Eli Lilly Vendor/Partner of the Year

Strategic Insights -

Wal-Mart's Pharmacy Division recognized Eli Lilly and Company as its Vendor/Partner of the Year, citing the pharmaceutical company's commitment to delivering superior value and quality. The award was presented at Wal-Mart's world headquarters in Bentonville, Arkansas, in recognition of Lilly's excellence in meeting the needs of Wal-Mart's Pharmacy Division and providing superior customer service. Lilly's dedication to coordinating manufacturing and distribution schedules with Wal-Mart's ordering schedule resulted in a three-day decrease in time between order and delivery.

Key Takeaways:

  • Eli Lilly and Company was named Wal-Mart's Vendor/Partner of the Year in 1995, with recognition for its commitment to delivering superior value and quality.
  • The award was presented at Wal-Mart's world headquarters in Bentonville, Arkansas, by Douglas J. Degn, vice president of pharmacy merchandise and support, and Paul E. Beahm, senior pharmaceutical buyer.
  • Thomas Coughlin, Wal-Mart's executive vice president of specialty divisions, stated, "We appreciate Lilly's drive to deliver superior value and quality in all the areas of consumer wants and needs."
  • Eli Lilly and Company was recognized for its dedication to coordinating its manufacturing and distribution schedules with Wal-Mart's ordering schedule, reducing delivery time by three days.
  • Randall L. Tobias, Lilly chairman of the board and chief executive officer, stated, "We are honored to be recognized by Wal-Mart, one of our most valuable customers."

Statistics:

  • 1995: The year in which Eli Lilly and Company was named Wal-Mart's Vendor/Partner of the Year.
  • 3 days: The decrease in time between order and delivery resulting from Lilly's coordinated manufacturing and distribution schedules with Wal-Mart's ordering schedule.

Sources:

  • HealthWire, April 28, 1995
  • Eli Lilly and Company, Indianapolis