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Carestream Health holds supplier conference

Rochester Business Journal
March 19, 2014

In a reprise of an event it has held annually since its 2007 spinoff from Eastman Kodak Co., Carestream Health Inc.’s purchasing group on Wednesday hosted 146 suppliers, including 50 New York State firms, as well as others from distant points globally.

Offering a mix of workshops and networking and inspirational messages, the company’s annual supplier conference is the brainchild of Richard Morabito, chief purchasing officer at Carestream. Morabito first came up with the idea as an Eastman Kodak Co. purchasing officer when he began similar events for the former camera giant’s suppliers in 1999.

Facing commodity and transportation challenges globally and a U.S. economy that remains bumpy at best, suppliers of raw materials and components to Carestream suppliers need to cut costs, improve quality and continually look for ways to improve processes, Morabito told suppliers at this year’s event.

Of the 149 companies that attended Carestream’s 2013 supplier event, 42 whose performance did not measure up were not invited back, he said.

“Carestream cannot keep working with suppliers that don’t give us an edge,” Morabito warned.

As a purchaser of some $500 million worth of materials a year from the assembled group, “we need you to be successful and you need our business,” he said.

Attendees also heard presentations from fellow suppliers such as Inabata America Inc., a U.S. unit of Japan-based Inabata Co. that showed how it helped Carestream cut $60 million in inventory last year. 

Onex, a majority owner of Carestream, a maker and seller of medical imaging equipment and X-ray film globally, last month reported the local firm posted 2013 revenues of $2.43 billion, up 1 percent from $2.41 billion in 2012. It logged $985 million in gross profit, up 3 percent from 957 million in 2012.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 



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