Diversified industrial manufacturer Eaton has recognised JP Morgan as one of its top suppliers. JP Morgan’s commercial card business received Eaton’s prestigious premier supplier award in recognition of the JP Morgan purchasing card programme that has been in place at Eaton since 1995.
In addition, Eaton recently extended its North American purchasing card programme with JP Morgan for an additional five years and newly awarded the company its purchasing programme in Europe, the Middle East and Africa.
JP Morgan provides Eaton with purchasing cards that enable Eaton employees to make low-dollar purchases outside of the normal purchase order process, greatly lowering costs and improving efficiencies. Transactions are controlled via purchase limits and merchant category codes, and are imbedded with accounting codes that allow the transactions to be posted directly and electronically to Eaton’s general ledger.
“We are proud to honour these suppliers for their outstanding service and commitment to excellence. The premier supplier awards are reserved for Eaton’s best suppliers,” said Craig Reed, senior vice president (SVP), supply chain management, Eaton. “We thank and congratulate each of our suppliers and look forward to working with them in the coming year.”
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