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Asia America Announces New CEO Sri Burugapalli

Asia America Announces New CEO Sri Burugapalli

CHARLOTTE, N.C., May 12, 2015 – Asia America Corporation & Component Sourcing International, LLC, Global Supply Chain Service Providers, are pleased to announce the appointment of Sri Burugapalli as their new Chief Executive Officer. Mr. Burugapalli brings over 20 years of senior leadership experience in manufacturing and supply chain management. Mr. Burugapalli formerly served as President of The Jewelry Channel and Group Senior Vice President of VGL Group, Inc., a global e-commerce and home shopping e-tailer where he played a key role in developing their global supply chain. Mr. Burugapalli also held various leadership roles at ZF Friedrichshafen, a global technology leader in driveline and chassis technology.

 “We recently ran an extensive retained search process and Sri rose to the top of a very qualified candidate pool. He brings on the ground experience developing global supply chains and has a very high manufacturing acumen. He will be a huge asset to our existing and future customers.” said Don Charlton, Chairman.

Mr. Burugapalli earned his MBA from the Fuqua School of Business at Duke University, has a Masters in Industrial Technology from Eastern Michigan University, and also completed the Advance Management Program at Harvard University.

About Asia America Corporation

Asia America Corporation, founded in 1982, is a leading OEM manufacturer services firm, with offices in Charlotte, NC; Kent, WA; Guilford, CT; and Beijing, China. Asia America helps its OEM customers lower the cost of global manufacturing. Asia America excels at international manufacturing of high precision parts (gears, bearings, precision castings, etc.) for OEMs at significantly lower costs while maintaining high product quality levels. The Company offers engineering, kitting, quality control testing, sub-assembly, logistics and inventory management services that enable its customers to reduce inventory levels, SKU’s and material handling costs and facilitates just-in-time delivery practices. Asia America focuses its efforts on low volume parts for purchasing departments of large industrial and material handling manufacturers and OEMs that typically cannot implement cost-effective low cost country sourcing solutions.

Component Sourcing International, LLC “CSI”, a subsidiary of Asia America is a Strategic Sourcing™ company which manufactures custom metal components in a variety of product categories including: precision screw machine parts,  castings and forgings,  CNC machined parts,  fabricated metal components, and  custom bathware. CSI’s services are primarily targeted to medium-sized companies that do not have the in-house resources, capabilities, or expertise to properly analyze and implement international sourcing strategies.

Asia America www.asiaamericacorp.com & Component Sourcing International  www.componentsourcing.com are portfolio companies of Argosy Private Equity www.argosyprivateequity.com based in Wayne, PA.

 

Cost Saving Opportunities: Demand-Pooling Through Vendor Management

Custom Bearing smallAt Asia America, we offer a variety of manufacturing services to complement our machined component capabilities. One service we offer is vendor management programs, which allows Asia America to handle the day-to-day time consuming tasks that can slow down an internal sourcing group.By managing vendors for a particular products (bearings, castings, forgings, etc.), we are able to enable our customer’s sourcing group to concentrate on activities that identify cost-savings opportunities. This saves the customer time that would otherwise be spend on handling vendor issues.

The ultimate goal of a strong vendor management program is to reach a point that Asia America can offer the benefits of demand-pooling. While this term isn’t commonly used, the principle of what it represents is simple and effective.

For example:

If Asia America has a vendor management program in place with 3 different customers for bearings, and each of those companies has $4 million in annual spend for bearings, Asia America now has an opportunity to “pool” this demand as a single purchasing entity with the buying power of $12 million.

The benefits of demand-pooling include:

• Combined volume for greater purchasing leverage

• Ability to identify best-in-class vendors for specific products

• Free up key sourcing personnel to concentrate on new cost-saving initiatives

• Added flexibility in purchasing department to absorb resource demand changes in the business cycle

• Managing inventory on machined castings, bearings and machined forgings allows AAC to present more cost-savings options.

Asia America has been successfully running vendor management programs for our customers for many years. By continuing to add to our list of customers who use our vendor management program, we are able to offer more benefits to our clients. Contact us today to see how we can provide cost reduction solutions for your business.

Providing Exceptional Vendor Capabilities For Custom Bearings

We live in a fast paced society, where for many businesses, turn-around time can be critical to success. However, quality and brand trust are still valued among customers no matter how quickly these services can be provided.

For original equipment manufacturers, custom, private-labeled bearings may be the solution for providing tailored components. Asia America provides a wide range of top of the line custom bearings that create streamlined cost reduction solutions for your business.

We Have Stronger Capabilities

At Asia America we provide private labeled bearings for all budgets and applications. We can private label anything from a 700 lb pillow block bearing to small roller bearings, and everything in between. We are able to custom stamp companies’ names and part numbers so that the manufacturer is the primary aftermarket resource for bearings on their machine. We can subcontract at a level that many manufacturers cannot, and we strive to help our customers get their high quality products to their customers.

Partner Credibility

At Asia America, we only partner with high quality bearing manufacturers to private label bearings. Our bearing partners are fully-capable of offering the test data required of OEM’s. All of our custom bearings go through inspections at our partner manufacturer’s facility, as well as our in house quality control lab.

Benefits To Our Customers

There are a multitude of benefits that come from using custom bearings that include cost reduction, reducing step in supply chain, and aftermarket sales. By offering custom bearings, our customers become the main source for bearings on that specific machine. This increases aftermarket sales and improves profitability for their business.

Contact us today to find out how we can find cost reduction solutions for your business.

 

 

Asia America Corporation Announces ISO 9001:2008 Certification

Certification is a testament that Asia America Corporation has the quality management system in place to consistently produce solutions that meet customer expectations.

Asia America Corporation is a Charlotte, NC-based global sourcing and manufacturing services provider, and is proud to announce its recent ISO 9001:2008 certification.

To become ISO 9001 certified, a company must fulfill requirements outlined by the ISO (International Organization for Standardization). Specifically, ISO 9001 requires an organization to demonstrate a quality management system with the ability to consistently provide product that meets customer as well as statutory and regulatory requirements.

ISO 9001 certification also means the organization has demonstrated its commitment to enhancing customer satisfaction through the application of the management system, with processes for continual improvement and the assurance of conformity to customer, statutory and regulatory requirements.

Aaron Hooper, Quality Manager of Asia America Corporation, reinforces the company’s view of customer satisfaction.

“We want to ensure our customers are satisfied. Being certified to the ISO 9001:2008 standard means that all our processes, documentation and improvements of our service meet the requirements. In other words, our customers can expect a consistent, high level of reliability and precision from our work.”

About Asia America Corporation

For over 30 years, Asia America has provided one-stop-shop, international manufacturing solutions to some of the leading OEMs in the U.S. We are an integral part of our customer’s supply chain and help lower their costs for international parts manufacturing with customized programs that encompass quality control testing, engineering, kitting, subassembly, supplier management, and JIT inventory management and warehousing. Learn more at asiaamericacorp.com.

About ISO

ISO (International Organization for Standardization) is the world’s largest developer and publisher of International Standards. ISO International Standards ensure that products and services are safe, reliable and of good quality. For business, they are strategic tools that reduce costs by minimizing waste and errors and increasing productivity. They help companies to access new markets, level the playing field for developing countries and facilitate free and fair global trade. Learn more about ISO here.